Insurance, Prima Reinsurance PlcDecember 20, 2019

Prima Reinsurance appoints Brian Musonda as Director
Prima Reinsurance has announced the appointment of Brian Musonda as a Director on its board, according to a statement from the company. “Pursuant to section 3.59 of the LuSE Listings Requirements, the Board of Directors (the “Board”) of Prima Reinsurance PLC (“Prima Re” or the “Company”), wishes to announce the appointment of Mr. Brian Musonda […]

Insurance, Prima Reinsurance PlcSeptember 19, 2019

Prima Reinsurance losses continue at half year 2019
Prima Reinsurance’s woes are set to continue for another year as the company indicated that it forecast another loss after tax at half year 2019. “In accordance with section 3.4(b) of the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the Shareholders of Prima Reinsurance PLC (“the Company”) that the Loss […]

Insurance, Prima Reinsurance PlcMay 29, 2019

Prima Reinsurance Investors continue to face uncertainty
Investors in Prima Reinsurance will have to continue to wait on the full assessment that is currently being conducted by the company for peace of mind regarding their securities in the company. On November 12th 2018, the company announced that there would be a possible impact on the company’s shares due to what the board […]

Banking, InsuranceMay 26, 2019

Banks Entry In The Insurance Territory
In the year 2018 the Zambian banking sector witnessed both favourable and unfavourable business environment conditions. Top among notable favourable business environment conditions was the stable and consistent lending interest rates backed by the Bank of Zambia’ monetary policies. However it was during the year 2018 that the Bank of Zambia in its role as […]

Insurance, Prima Reinsurance PlcMay 5, 2019

Prima Reinsurance Plc 2018 Performance
Prima Reinsurance Plc (Prima Re) is a wholly-owned reinsurance company providing products and solutions in the domestic and business sector in Zambia. The company underwrites classes of marine and non-marine reinsurances, which include fire, motor, engineering, aviation, agricultural and work-related accidents. Reinsurance is the practice of insurers transferring portions of risk portfolios to oth

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 […]