South African insurer
Hollard has opened a life insurance office in the Zambian capital
of Lusaka, thereby expanding its presence in southern
Africa.
The decision to expand
into Zambia is a strategic part of a deliberate plan, said Hollard
CEO Nic Kohler, and it extends Hollard’s regional presence to five
countries, including Botswana, Mozambique, Namibia, and South
Africa.
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Kohler said: “Ever since
we embarked on our Southern Africa expansion drive, we’ve known
that Zambia would be an important market for Hollard. We have
worked hard to develop relationships there in anticipation of our
Zambian market entry.”
Hollard Zambia managing
director Paul Nkhoma said: “Our investment will also contribute to
promoting the relevance of insurance especially among uninsured
consumers, and ultimately the sustainability of the Zambian
insurance market and economy.”
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