Motor Insurance
We offer motor insurance for a wide range of vehicles at affordable rates..
Marine Insurance
Marine insurance was originally for perils which caused loss or damage to a ship’s cargo..
Engineering Insurance
We have excellent insurance cover for engineered infrastructure.
Accidents Insurance
Many insurances which are not predominantly fire, motor, engineering or marine, are termed 'accident' insurance
Fire Insurance
The Corporation provides a number of insurance contracts to cater for specific situations within the umbrella of Fire Insurance
Latest news and events
Special offers
About us
Board
Executives
Finance
| 2008 (ZMK '000) | 2007 (ZMK '000) | ||
|---|---|---|---|
| Financial highlights of Professional Insurance | |||
| Gross Premium | 209,219 | 150,444,734 | |
| Underwriting Profit/ (Loss) | 22,625 | 19,872,766 | |
| Investment income | 2,705,998 | 1,898,115 | |
| Management Expenses | 22,660 | 20,482,968 | |
| Commission Expenses | 7,966,467 | 6,330,252 | |
| Net Profit / (Loss) | 10,757,795 | 9,659,490 | |
| Provision for outstanding claims | 2,207,526 | 1,926,764 | |
| Unearned Premium Reserve | 31,965,225 | 24,968,697 | |
| Total Assets | 130,822,385 | 82,324,622 | |
| Shareholders Fund | 49,461,470 | 46,568,461 | |
| Investments | 7,849,505 | 12,947,687 | |
| Management Expense Ratio | 31% | ||
| Loss Ratio | 34% | ||
Our performance in 2008 would not have been possible without the support of all our customers and partners. We would like to thank them all for keeping us in the lead.
Production
| 2004 | 2005 | 2006 | 2007 | 2008 | |
|---|---|---|---|---|---|
| The Total Income: 'K' Million Gross (General Insurance) | 90.092 | 106.491 | 120.779 | 150.445 | 209.219 |
| Underwriting Surplus | 12.52 | 14.178 | 10.671 | 19.873 | 22.625 |
| Production levels at Professional Insurance | |||||
Production Chart
Ratio Chart
Back to top