Regulating the 
Pensions and 
Insurance Industry
 in Zambia
 
 
 
 

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Pensions and Insurance Authority

Corner Nationalist/John Mbita Roads, Private Bag 30X, Lusaka

Telephone: 250394/255505 Fax 255503

Email: pia@zamnet.zm

Website: www.pia.org.zm

 

PUBLIC NOTICE

 

This serves as a notification to the general public on the registration and licence status of pension schemes, pension fund managers, reinsurance companies, insurance companies, insurance brokers, insurance agencies, motor assessors, loss adjusters and claims agents under the jurisdiction of Pensions and Insurance Authority. 

 

We wish to WARN the public that it is illegal to establish or manage a pension scheme without a certificate of registration issued by Pensions and Insurance Authority as doing so contravenes sections 7,8 and 11 of the Pension Scheme Regulation Act No. 28 of 1996.

 

Members of the public contributing to pension schemes other than for the National Pension Scheme (NAPSA) and the under listed are advised to report to Pensions and Insurance Authority at the above address.

 

We also wish to WARN the public that it is illegal to establish or operate or manage an insurance entity such as those listed below or to engage in or transact in insurance business without a valid licence issued by Pensions and Insurance Authority as doing so contravenes sections 4, 5, 6, 7, 8 and 9 of the Insurance Act No. 27 of 1997.   Furthermore, it is illegal under section 120 to insure any assets, liabilities and interests situated in the Republic of Zambia with insurers other than those listed below.

 

Members of the public are advised to report any persons that appear to be operating in contravention to the provisions of the above quoted sections of the Insurance Act No. 27 of 1997 to Pensions and Insurance Authority at the above address.

 

The lists below show pension fund managers and pension schemes that are registered as at 1 January 2008 and the insurance entities that have been licensed to transact insurance business during the current year ending 31st December 2008.

 

Pensions and Insurance Authority regrets the late publication of the lists of licensed entities for 2008.

REGISTERED PENSION FUND MANAGERS

 

1.       African Life Financial Services Zambia Limited

 

2.       Intermarket Securities (Zambia) Ltd

 

3.       Madison Life Insurance Company Limited

 

4.    Professional Life Assurance (Z) Ltd

 

5    .Zambia State Insurance Corporation Ltd

 

 


 

REGISTERED PENSION SCHEMES/FUNDS

 

1.       African Banking Corporation (ULC Ltd Pension Scheme)

2.       Afrope Zambia Limited Pension Scheme

3.       Alexander Forbes Wright (Z) Limited Pension Scheme

4.       ALS Capital Pension Scheme

5.       AMI (Z) Ltd Pension Scheme/SDV (Z) Pension Scheme

6.       AON Zambia Limited Pension Scheme

7.       Apex Retirement Pension Scheme

8.       Apostolic Faith Mission in Zambia Staff Pension Scheme

9.       Atlas Copco Zambia Limited Pension Scheme

10.    Bank of Zambia Pension Trust Fund

11.    Barloworld Plascon  Zambia Limited Pension Schemes

12.    Barlows Equipment Company Limited Pension Scheme

13.    Bell Equipment Zambia Limited Pension Scheme

14.    Bicon Zambia Limited Pension Scheme

15.    Boart Longyear Pension Schemes

16.    BP Zambia Limited Final Salary Pension Scheme

17.    BP Zambia Limited Plc Defined Contribution Scheme

18.    Bric Back Defined Contribution Pension Scheme

19.    Cavmont Guarantee Trust Company Pension Trust Fund

20.    CEC Pension Trust Scheme

21.    Chambeshi Metals Plc Pension Scheme

22.    Chemopharm Zambia Limited Pension Scheme

23.    Chibuluma Mines Plc Pension Scheme

24.    Chilanga Cement Pension Trust Scheme

25.    Chloride Zambia / Exide Zambia Limited Pension Scheme

26.    Environmental Council of Zambia Pension Scheme

27.    Cavmont Capital Bank Pension Scheme

28.    Game Stores (Z) Ltd

29.    Cleanfast Limited Pension Scheme

30.    CMM Property Consultants Pension Scheme

31.    Colgate Palmolive Zambia Inc. Pension Scheme

32.    Luawata Conservation Ltd Pension Scheme

33.    Embassy of France

34.    Copperbelt Bottling Company Limited Pension Scheme

35.    Copperbelt Forestry Company Pension Scheme

36.    Corpmed Services Ltd

37.    Cropserve Zambia Pension Scheme

38.    Deloitte & Touche Pension Scheme

39.    DHL International Zambia Limited Pension Scheme

40.    DIAKONIA Staff Pension Scheme

41.    Directory Publishers of Zambia Pension Scheme

42.    Embassy of Ireland Pension Scheme

43.    Energy Regulation Board Pension Scheme

44.    Engen Pension Scheme

45.    Evangelical Church in Zambia Pension Scheme

46.    Examination Council of Zambia Pension Scheme

47.    Finance Bank Pension Scheme

48.    Gamma Pharmaceuticals Limited Pension Scheme

49.    Global Logistics Limited Pension Scheme

50.    Habitat For Humanity Pension Scheme

51.    Hill & Delamain Zambia Ltd Pension Scheme

52.    Honda Zambia Limited Pension Scheme

53.    Indeni Pension Trust Scheme

54.    Investrust Bank Limited Pension Scheme

55.    J.M. Moore Insurance Brokers Ltd Pension Scheme

56.    Jagoda Gems Staff Pension Scheme

57.    Kaloko Trust Pension Scheme

58.    Kasembo Transport Staff Pension Scheme

59.    Kitwe Company Clinic

60.    KOBIL Zambia Limited Pension Scheme

61.    Konkola Copper Mines Plc

62.    Local Authorities Superannuation Fund

63.    Longman Zambia Ltd

64.    Lunsemfwa Hydro Power Company Pension Scheme

65.    Lusaka Baptist Church Pension Scheme

66.    Lusaka Stock Exchange Pension Scheme

67.    Macmillan Publishers (Z) Ltd Pension Scheme

68.    Manica Zambia Ltd Pension Scheme

69.    Medical Stores Staff Pension Scheme

70.    National Breweries Plc Pension Trust Scheme

71.    Metal Fabricators of Zambia Limited Pension Scheme

72.    MMG Pension Trust Scheme (Lonhro Retirements Benefits Scheme)

73.    Motor Mart Group Pension Trust Scheme

74.    MS Zambia Danish Association Pension Scheme

75.    Mukuba Pension Scheme

76.    Metso Minerals (Z) Ltd Staff Pension Scheme

77.    Mopani Copper Mines Plc Pension Fund

78.    Mulungushi Village Complex Pension Scheme

79.    NAMPAK (International Packaging and Cartons) Limited Pension Scheme

80.    Kenya Airways  Pension Scheme

81.    NAPSA Staff Pension Scheme

82.    National Airports Corporation Limited Pension Scheme

83.    National Assembly Pension Scheme

84.    National Breweries Plc Pension Trust Scheme

85.    National College for Mgt & Devt Studies Pension Scheme

86.    Unilever South East Africa Pension Scheme

87.     

88.    Necor Zambia Limited Staff Pension Scheme

89.    NICO Insurance Zambia Limited Pension Scheme

90.    NIEC School of Business Management Trust Staff Pension Scheme

91.    North Western Bee Products Pension Scheme

92.    Norwegian Church Aid Staff Pension Scheme

93.    NWASCO Pension Scheme

94.    Office of the Electoral Commission Staff Pension Scheme

95.    Pannar Seed Zambia Limited Staff Pension Scheme

96.    Parmalat Zambia

97.    Professional Networking (Z) Ltd Pension Fund

98.    Pre-Secure Limited Pension Scheme

99.    Railway Systems of Zambia Pension Scheme

100.Ridgeway T/A Holiday Inn Garden Court Pension Scheme

101.Rural Net Associates Limited Pension Scheme

102.Scripture Union Zambia Pension Scheme

103.SDV Zambia Pension Scheme

104.SKF Zambia Ltd Pension Scheme

105.South African Airways Pension Scheme

106.Stanbic Bank Zambia Limited Pension Scheme

107.Standard Chartered Bank Plc Pension Trust Fund

108.Sun International Zambia Pension Trust Scheme

109.Tata Zambia Limited Pension Scheme

110.Tazama Pipelines Pension Scheme

111.Total Zambia Limited Pension Scheme

112.Toyota Zambia Pension Trust Scheme

113.Translink Freight Zambia Limited Pension Scheme

114.United Church of Zambia

115.University of Zambia Pension Scheme

116.Uunet Zambia Pension  Scheme

117.Volunteer Service Overseas Zambia Staff Pension Scheme

118.W & C Computers Limited Pension Scheme

119.Wellspring Pension Scheme

120. Trans – Marketing Pension Scheme

121.World Vision Zambia

122.York Farm Limited Pension Scheme

123.Young & Rubicam Zambia Limited Pension Scheme

124.ZAL Elevators Pension Scheme

125.Zambezi River Authority Pension Scheme

126.Zambia Anglican Council Pension Scheme

127.Zambia Bata Shoe Company Ltd Pension Scheme

128.Zambia Bottlers Ltd Pension Scheme

129.Zambia Centre for Accountancy Studies Pension Scheme

130.Zambia National Building Society Pension Scheme

131.Zambia National Commercial Bank Staff Pension Scheme

132.Zesco Ltd – Kariba North Bank Pension Scheme

133. Barclays Bank Plc Staff Pension Scheme

134. North Western Water Supply and Sewerage Pension Scheme

135.Zamseed Pension Scheme

136.Zamtel Limited Pension Scheme

137. Boc Gases Zambia Limited Pension Scheme

138.ZIMCO Properties Limited Pension Scheme

139.ZIMRE Zambia Limited Pension Scheme

140. African Life Financial Services Pension Scheme

141.ZUFIAW Staff Pension Scheme

142.National Council for Construction Pension     Scheme

143. CAMFED (Z) Pension Scheme

144. Crown Cork (Z) Ltd Pension Scheme

 

 

GENERAL REINSURANCE COMPANY

 

  1. Prima Reinsurance Plc
  1. ZIMRE Zambia Ltd

 

 

GENERAL INSURANCE LICENCES

 

  1. Cavmont Capital Insurance Corporation Ltd
  1. Goldman Insurance Ltd
  1. Madison General Insurance Company Ltd
  1. NICO Insurance Zambia Ltd
  1. Professional Insurance Corporation (Z) Ltd
  1. Zambia State Insurance Corporation Ltd

 

 

LONG TERM INSURANCE LICENCES

 

  1. African Life Assurance Company (Z) Ltd
  1. Madison Life Insurance Company Ltd
  1. Professional Life Assurance Ltd
  1. Zambia State Insurance Corporation Ltd

 

 

REINSURANCE BROKING LICENCES

 

  1. Guardian Reinsurance Brokers Ltd

 

 

INSURANCE BROKING LICENCES

 

  1. Alexander Forbes Insurance Brokers Ltd
  1. Aon Zambia Ltd
  1. Ark Insurance Brokers Ltd
  1. B3 Insurance Brokers Ltd
  1. Beam Insurance Brokers Ltd
  1. Budget Insurance Brokers Ltd
  1. Caritas Insurance Brokers Ltd
  1. Choice Insurance Brokers Ltd
  1. Crown Insurance Brokers Ltd
  1. Elite Insurance Brokers Ltd
  1. Express Insurance Brokers Ltd
  1. Grand Insurance Brokers Ltd
  1. Guardian Insurance Brokers Ltd
  1. J M Moore Insurance Brokers Ltd
  1. Kafue Insurance Brokers Ltd
  1. Kane Insurance Brokers Ltd
  1. Kruger Insurance Brokers Ltd
  1. Kwacha Insurance Brokers Ltd
  1. Leadway Insurance Brokers Ltd
  1. Magnet Insurance Brokers Ltd
  1. Major Insurance Brokers Ltd
  1. Norwich Insurance Brokers Ltd
  1. Pace Insurance Brokers Ltd
  1. Pool insurance Brokers Ltd
  1. Reliable Insurance Brokers Ltd
  1. Rock Insurance Brokers Ltd
  1. Savanna Insurance Brokers Ltd
  1. Southern Insurance Brokers Ltd
  1. Stepps Insurance Brokers Ltd
  1. Summit Insurance Brokers Ltd
  1. Sunningdale Insurance Brokers Ltd
  1. Sunspot Insurance Brokers Ltd
  1. Swan Insurance Brokers Ltd
  1. Swift Insurance Brokers Ltd
  1. Unique Insurance Brokers Ltd

 

 

 

INSURANCE AGENCY LICENCES

 

  1. Akay Insurance Agency ( Madison General)
  1. Barakat Insurance Agency (Goldman)
  1. Barclays Bank Zambia Plc (African Life)
  1. BDM Interims (PICZ)
  1. Blueshield Insurance Agency (ZSIC)
  1. Chadrineh Insurance Agency (PICZ)
  1. Chofu Insurance Agency (PICZ)
  1. Christian Enterprise Trust Zambia (NICO)
  1. Dashy Insurance Agency (Goldman)
  1. Destiny Divine Insurance Agency (PICZ)
  1. DML Insurance Agency (PICZ)
  1. Entrust Financial Services (PLA)
  1. Excel Insurance Agency (Goldman)
  1. First Insurance Agency (PICZ)
  1. FKL Insurance Agency (PICZ)
  1. GMN Insurance Agency (Madison General)
  1. Harvey Insurance Agency (ZSIC)
  1. Ideal Funeral Home (African Life)
  1. Ideal Insurance Agency (ZSIC)
  1. Itikanele Services (ZSIC)
  1. Jacaranda Insurance Agency (Madison Gen)
  1. Jessons Insurance Agency (ZSIC)
  1. Kings Way Insurance Agency (PICZ)
  1. Knight Risk Insurance Consultants (PICZ)
  1. Kwik Insurance Agency (ZSIC)
  1. Luapula Insurance Agency (ZSIC)
  1. Lynx Insurance Agency (PICZ)
  1. Machipisha Insurance Agency (Goldman)
  1. Mano Insurance Consultancy (ZSIC)
  1. Madison Health Solutions (Madison Life)
  1. Merit Insurance Agency (Goldman)
  1. Mercy Insurance Agency (Madison General)
  1. Munar Insurance Agency (PICZ)
  1. Mujala Insurance Agency (ZSIC)
  1. NewHope Insurance Agency (ZSIC)