Zambia Insurance Report - Business Monitor International - Industry Reports

Zambia Insurance Report

Zambia Insurance Report - Business Monitor International - Industry Reports
Zambia Insurance Report
Published Aug 20, 2016
50 pages — Published Aug 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

For now, we look for premiums to rise by -.- in ----, to ZMW-.-bn. Given currency movements, this equates with a --.- drop in USD terms to USD-.-bn. ...Given currency movements, this equates with a --.- drop in USD terms to USD-.-bn. Over the remainder of the forecast period, gradual economic growth in Zambia, along with a more robust regulatory environment and broader product offering from leading domestic and regional providers mean we expect to see steady growth in local currency terms of, on average, --.- annually between ---- and ----. Currency movements mean the increase in USD terms will be in single digits. ...Real incomes have been squeezed in recent months as a result of the jump in inflation to about -- and the vast majority of households fall into the two lowest income brackets (less than USD-,--- and between USD-,--- and USD-,---).

...The Insurers Association of Zambia (IAZ) has noted challenges in the market, including a lack of liquidity which is affecting premium payments and hampering growth - premiums with debt ratios are expected to reach around -- in ----. The IAZ is targeting -mn insurance customers by ----. Regulatory changes are needed to stimulate further growth in the market. One of the leading local providers, ZSIC General Insurance, has noted the introduction of compulsory home insurance would promote growth in light of the rapid rate of housing construction, although at present the government does not have any reported plans to make property insurance a mandatory line. The small life insurance sector is expected to see steady growth over the course of the forecast period, although we do note inflation is distorting growth rates. ...The small life insurance sector is expected to see steady growth over the course of the forecast period, although we do note inflation is distorting growth rates. In local currency terms we forecast --.- annual growth in premiums, on average, between ---- and ----, with slower growth in US dollar terms.

...In the last few years, life insurance premiums have been growing in real local currency terms, but from a low base. At just -.- of GDP and USD- per capita respectively, penetration and density rates are minimal and reflect a life insurance market which remains in the very earliest stages of development. ...

  
Source:
Document ID
2055-4060
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Zambia Insurance Report" Aug 20, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Zambia-Insurance-Report-2026-1567>
  
APA:
Business Monitor International - Industry Reports. (2016). Zambia Insurance Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Zambia-Insurance-Report-2026-1567>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.