The Insurance magazine is read by senior insurance professionals throughout the country, and the Insurance magazine is distributed to members of the Insurance Institute of Zambia(ZIM).
Publisher: Langmead & Baker Ltd. Managing Editor: Geodfrey Ngosa.
PO Box 81, Fringilla, Zambia.
Telephone: +260 (01) 213939; +260 (096) 873048.
insurance@langmead.com
For advertising, please see the rate
card or call +260 (01) 213939.
Members receive a hard copy, please see membership details.
ISSN 1992-4968
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04/03/07
The paid-up membership itself is nothing to write home about - hats off to all paid up members - hence a whole page has been dedicated to a cut-out membership application form which we are confident will be fully utilised.
By the end of February 2007 the total paid-up membership should be at least 99 percent of the entire insurance fraternity covering all the seven insurance companies, 33 insurance brokers, the insurance agents, adjusters etc.
The recruitment and awareness drive by the relevant sub-committees will be stepped up and a lot of awareness material informing you of the institute’s activities will be made available to ensure your full participation in the institute’s activities and in turn to a highly enriched Insurance Magazine.
And as for coverage of your company’s activities such as launches of new products, client’s educational seminars etc, please feel free to drop the editor a line.
Godfrey Ngosa
Editor
Date: q107
FEATURES
FUTURE CHALLENGES
IN INSURANCE DISTRIBUTION
LONG TERM BUSINESS – INDIVIDUAL AND INVESTMENT PRODUCTS
THE ROLE OF INSURANCE INTERMEDIARIES
COMMENT
CONSTITUTION
JOKES
PHOTOFEATURE
SUBCOMMITTEES
INDUSTRY NEWS
PIA STRESSES IMPORTANCE OF INDUSTRY TRAINING
The registrar of the Pensions and Insurance Authority (PIA) has praised the Insurance Institute of Zambia’s efforts to promote professional development.
VOLUNTARY HEALTH SCHEME LAUNCHED FOR GOVERNMENT WORKERS
Public service workers are to be given the option of signing up to a voluntary medical scheme, introduced by government following negotiations with unions.
EXPERTS CALLED IN FOR PENSION DEBT COLLECTION
The Local Authorities Superannuation Fund is seeking consultants or financial advisers to deal with K89 million of unpaid pension contributions.
ZSIC BRINGS IN CONSULTANT
TO HELP WITH RESTRUCTURING
SUPPORT FOR REGIONAL TRADE INSURANCE CLINIC
Government officials, industry experts and business people gathered in Lusaka recently for an African Trade Insurance Agency (ATI) trade and finance clinic.
DECADE FOR NICO PARENT
NICO Insurance Zambia’s parent company, NICO Holdings, has celebrated its tenth anniversary as a listed company.
INSTITUTE NEWS
PRACTITIONERS URGED TO JOIN IIZ
The head of the industry watchdog Pensions and Insurance Authority, Chris Mapipo, has urged practitioners to join the Insurance Institute of Zambia.
04/03/07
• The Zambia State Insurance Corporation (ZSIC) has launched an aggressive marketing drive to promote its agricultural products in rural areas, with farmer meetings in Chisamba and Mkushi on its Agrisure and tobacco hail and wind policies.
• Public service pensioners are owed K416 billion in benefits, but Parliament was told that the government was committed to meeting the shortfall, according to reports.
• Goldman Insurance is planning to list its shares on Lusaka Stock Exchange, having announced a rise in profits.
• Madison Insurance was reported to be planning to open a branch in Tanzania, to be known as MGen Tanzania Insurance, as part of its bid to become a regional player in the industry.
• The Pensions and Insurance Authority (PIA) is implementing a national credit policy designed to forestall any growth in debt owed to insurance companies, but enabling termination of policies when premiums are overdue.
• The Pensions and Insurance Authority (PIA) has also introduced a premium ratings guide (PRG) to enable consumers to make easy comparisons between insurers on product pricing and prevent under-selling.
• Professional Insurance Corporation Zambia (PICZ) announced it had settled a US$500,000, insurance claim for Konkola Copper Mines, being the insurer’s 20 percent share of a claim resulting from a disaster in 2001 at Nchanga Open Pit Mine.
Date: q107
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