Regulating the 
Pensions and Insurance 
Industry in Zambia
 
   
 

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   BACKGROUND

Pensions and Insurance Authority is a regulatory and supervisory authority for pensions and insurance industry in Zambia. It was established in February 1997 and draws its authority from the Pension Scheme Regulation Act No. 28 of 1996 and the Insurance Act No. 27 of 1997.

Reporting to the Minister of Finance and National Planning, The Registrar, is the chief executive of the institution. To assist the Registrar and heading the technical departments are two deputies. Deputy Registrar – Insurance and Deputy Registrar – Pensions. Each of the Deputy Registrar heads an inspectorate wing comprising of three people, a senior Inspector and two Inspectors. Other supporting staff reporting directly to the Registrar is the Finance and administration Manager and the Legal Counsel.

MISSION STATEMENT

To regulate the conduct of the pensions and insurance industry through prudential supervision in order to protect the interests of pension scheme members and insurance policy holders and foster the industry’s growth, development and stability.

 
 
 
   

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