ZSIC General Insurance Company
About Us
ZSIC General Insurance Limited was incorporated on 23rd April 2008 under the Companies Act, CAP 388 of the Laws of Zambia. It was registered as an insurer with the Pensions and Insurance Authority under the Insurance Act, No. 27 of 1997 (as amended) on 23rd December 2008 and commenced business on 1st January 2009. ZSIC General Insurance Limited is a subsidiary of ZSIC Limited, a company wholly owned by the Government of the Republic of Zambia (GRZ). Its Headquarters are at Premium House, Independence Avenue, Stand No. 7431 Lusaka, Zambia. ZSIC General Insurance Limited is a member of the Insurers Association of Zambia. With an insurance heritage spanning 40 years, ZSIC General Insurance Limited has an extensive branch network across the 9 provinces, which makes it easily accessible to clients countrywide and a strong position in the Zambian insurance industry.
Historical Background
The Zambia State Insurance Corporation Limited (ZSIC), a composite Insurance company, was established in 1968.Until 1991, Zambia State Insurance Corporation Ltd was the only insurance company in the market, and therefore gained vast experience in transacting both short and long term insurances.In line with the provisions of the Insurance Act No. 27 of 1997 as amended by Act No. 26 of 2005, the Zambia State Insurance Corporation Limited underwent a restructuring and compliance exercise. This saw the birth of three separate business entities, namely ZSIC Limited, which is the Holding Company, ZSIC General Insurance Limited and ZSIC Life Limited as subsidiary companies.
Vision
Our vision is to be market leaders in the provision of world class insurance security in the Zambian market.
Mission Statement
Our mission is to provide profitable competitive, world class insurance security through excellent customer care, efficient underwriting skills and enthusiastic staff.
Values
At the heart of our values lies:
· Excellency
· Effective communication
· Integrity
· Innovation
· Team spirit
· Good Corporate citizenship
· Professionalism
These values are a fundamental part of our culture and are a driving force in realizing our vision.