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Tunisia

Life Report

Product Insurance Market Reports Life Rev Tunisia

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice

 

  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Zambia's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Zambia's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Zambia

The Zambia life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Zambia.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Zambia and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Zambia’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Zambia is available.

Axco’s report describes the regulatory framework that applies to the Zambian domestic life insurance sector, including whether non-admitted insurance is permitted in Zambia; as well as the legislation necessary to know regarding Zambia’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Zambia with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Zambia market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

Healthcare

The report describes the public and private healthcare system in Zambia, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Pensions

Axco reports on the three pillars of Zambia pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Zambia report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Zambia Life and Benefits Report Extract

Below are brief extracts of information from the Zambia Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

The COVID-19 pandemic dampened economic activity and reduced demand for copper and other exports, pushing the economy into recession in 2020 causing Zambia to default on a Eurobond payment in November 2020 and again in January 2021. Real GDP growth was forecast to return to growth of 2.10% in 2021 after a contraction of 0.80% in 2020, although concerns from the presence of the South African strain of COVID-19 may push back re-opening of economy. Zambia's trends mainly move alongside ....

Pensions

There is no comprehensive social security system in Zambia; however, the Minister of Finance announced in his 2018 Budget speech that the Social Protection Bill has been finalised and will shortly be presented to parliament; the proposed legislation will include the establishment of a unified pension system ....

Healthcare

In terms of healthcare Zambia has been struggling with similar issues as most countries in the region. There remains a distinct shortage of medical expertise and facilities in the country, a lack of infrastructure and resources to provide an adequate healthcare system particularly in the rural areas. The state medical services in the urban areas, whilst better than those ....

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