Insurance, Prima Reinsurance PlcApril 17, 2019

Prima Audit Delays AGM
Shareholders of the reassurance company, Prima Reassurance Plc will have to wait another few weeks as their management team struggle to finalise their annual financial reports with their Auditors. The company’s 14th Annual General Meeting was initially scheduled for 26th March 2019. However, through SENS announcement on 1st March 2019, by order of their Prima […]

Economy, InsuranceDecember 13, 2017

Copycat – Mobile Money Health Insurance
With over 90% of Zambia’s population not on any form of health Insurance cover, there is need for mobile service providers (i.e. MTN, Airtel and Cell Z) to replicate what Kenya is doing with their M-TIBA service in providing “Health care” for the majority poor through a “mobile wallet” which rides on M-PESA a mobile […]

Economy, InsuranceDecember 12, 2017

How is my money being invested and how diverse is my portfolio?
Imagine for a minute you have now clocked 65 years old. Your days of labour are long gone. Your youth is gone. How do you imagine spending the rest of your life? This is the fundamental question, all Zambians must ask themselves. Many never want to think about retirement. In fact, with the spending patterns […]

Insurance, Real EstateDecember 2, 2017

Pension Funds Property Investments: Is it a House of cards?
In the past, when one fathomed the thought of retirement in Zambia it was inevitable to recite the idiom from American poet Robert Frost, who once wrote, ‘some say the world will end in fire, some say in ice. From what I have tasted of desire, I hold with those who favor fire.’ The life […]

InsuranceAugust 7, 2017

Professional Insurance – Unaudited Half Year Results 2017
Moses Siame (CEO) and Christopher Aongola (Head -Finance) of Professional Insurance recently published their2017 unaudited half year results in the local print media in accordance of the Securities Act of 2016. The duo pointed out that growth in gross written premiums of 82% had been achieved through rapid grow in fire and engineering risks (the […]

Finance, Insurance, Madison Financial Services PlcMay 28, 2017

Madison 2016 Annual Review
You are not a truly Zambian premier company if you have not listed on LuSE or have ever been first to market. We would like to believe that is how Madison views themselves as indicated in their 2016 annual report. Its arsenal currently comprises of Madison General (Insurance), MLife (Life Insurance), MFinance (Microfinance), MGen Tanzania […]

InsuranceApril 6, 2017

Professional Insurance – 2016 Half Year Review
Navigating any tough terrain requires an astute mindset that is clear on objective. The insurance industry in 2016 has continued to see a blood bath of competition that has seen both local and Multinational Corporations (MNCs) compete for the souls for Zambians on trust, loyalty and continued monthly premiums. From Inonge Susan Wambulawae’s mid-year review […]

Finance, Insurance, Madison Financial Services PlcMarch 26, 2017

Madison Financial Services – A class act in the art of diversification
The Madison Financial Services Group has come a long way from the glory days of the ambitious Greek supremo Andrew Sardanis (Founder of Madison). They were the first to market with an insurance offering post 1992. With shareholder interests being managed by Lawrence Sikutwa & Associates, the 2004 increase in shareholding to 100% in Madison Insurance set […]

Finance, Insurance, Madison Financial Services PlcMarch 6, 2017

Madison Financial Company Limited – 2016 Half Year Review
The Management team at Madison Financial will be proud of their performance in 2016 thus far. At the halfway mark, they have achieved a 31% improvement in interest income compared to the halfway mark of last year. This inspired an increase in profit before tax of 1263% which was largely attributed to improvements made in […]

Finance, Insurance, Prima Reinsurance PlcJuly 12, 2016

Blood on the Insurance Dance Floor
In KPMG’s 2013 sector report on insurance, Zambia was poised to experience explosive growth in the insurance industry. The stars were aligned, GDP was on the up and business prospects for the 23 business registered as at October that same year looked set for a bloodbath for clients. Fast forward 2015, the macro environment evolved. […]