Zambia · Southern Africa · class L

Life insurance companies in Zambia

5 licensed life insurers, 23% of the 22 insurance entities supervised by the Pensions and Insurance Authority. Long-term life assurance, annuities, pensions and savings products.

CompanyClassParent / groupOwnershipRegulatorVerification
Hollard Life ZambiaLLifeHollard GroupPan-African groupPIAUnverified
Madison Life Insurance ZambiaLLifeMadison Financial ServicesDomestic privatePIAUnverified
Prudential Life Assurance ZambiaLLifePrudential plcForeign multinationalPIAUnverified
Sanlam Life Insurance ZambiaLLifeSanlam AllianzPan-African groupPIAUnverified
ZSIC LifeLLifeGovernment of Zambia (IDC)State-owned / parastatalPIAUnverified

About life insurers in Zambia

How many life insurers are licensed in Zambia?

5 of the 22 licensed insurance entities in Zambia are classified as life (23%), according to the PIA register as reflected in this directory (not verified - regulator site blocks automated access).

Who regulates life insurers in Zambia?

Pensions and Insurance Authority (PIA), under Insurance Act 2021. Official website: https://pia.org.zm.

Are the life insurers in Zambia locally or foreign owned?

3 of 5 belong to pan-African or foreign multinational groups (including Hollard Group, Prudential plc, Sanlam Allianz), 1 are state-owned, and the rest are domestic private companies.

Data: /api/v1/countries/zambia.json (filter byclass = "life"). Licence CC BY 4.0, attribute KAFS North America.