We are Zambia RE
Zambia Reinsurance PLC (Zambia Re), formerly Prima Reinsurance Plc (Prima Re), was incorporated on 11th August 2006 as a public limited company. The Company started operations on 1st January 2007. Zambia Re takes pride in being the first Zambian owned reinsurance company in the market and was listed on the Lusaka Stock Exchange on 30th September 2013. Zambia Re is licensed by the Pensions and Insurance Authority, (PIA) to transact reinsurance business in respect of all life and non-life insurance business.
We offer a wide range of reinsurance solutions and create value for our clients and partners.
Our Mission, Vision and Values
Zambia Re places emphasis on its core values which are:
- Professionalism and Quality of Service
- Client Satisfaction and Staff Motivation
- Ethical Conduct, Integrity and Confidentiality
- Innovation and Commitment
Board of Directors
Management Team
Our History
Shareholding Structure
Zambia Re has a diversified shareholding structure distributed between public and private institutional investors as well as individuals.
In 2013, the Company listed on the Lusaka Securities and Exchange. Zambia Re’s exceptional performance on the Lusaka Securities and Exchange led to the Zambia Chamber of Commerce and Industry – ZACCI Award for Best Performing Listed Stock in 2018.
Following a special resolution of the Shareholders at the Annual General Meeting held on 30 April 2020, the Company was re-capitalized so as to re-position itself and assume a national identity.
Reinsurance Services
We offer effective, efficient and flexible reinsurance risk solutions to our clients, focusing on small to medium sized clients, as we push the reinsurance boundaries through digital transformation.
We leverage on our underwriting competence to add value in order to promote prosperity and preserve livelihoods not only through prompt loss indemnification but also through loss mitigation and avoidance measures.
We differentiate ourselves and work with our clients to reach solutions to transfer their risks.
Classes of Business
Zambia Re supports a broad range of insurance classes of business and offers tailor made solutions in both life and non-life insurance segments.
Fire
Engineering
Motor
Misc Accident
Marine & Aviation
Agriculture
Life
Political Violence and Terrorism
Geographical Spread
We continue to deepen our footprint across the african continent through partnerships as we explore new markets.
Corporate Social Responsibility
At Zambia Re, we take pride in ensuring that all our business undertakings are conducted in an ethical manner. We not only consider human rights but also the social, economic and environmental impact of what we do as a business. This extends not only to our partners, both local and international, but to our employees too.
Environmental Action
We are committed to creating an environment where our community can have future financial resilience on a sustainable basis. We play our part in mitigating the effects of climate change through the incorporation of environmental protection measures in all our processes, such as monitoring of waste reduction, re-using and recycling.
Rating
Our national financial strength is rated A- by GCR ratings with a stable outlook.
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