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Micro-insurance Principles and Guidelines

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For over 10 years, the insurance industry in Zambia has not had any guiding rules for microinsurance. FSD Zambia and the Technical Advisory Group (TAG) on microinsurance have been working to establish an enabling environment to support microinsurance consumer insurance products and services that serve the most vulnerable populations in the country. In April 2020, the Pensions And Insurance Authority (PIA) released the Micro Insurance Principles And Guidelines aimed at promoting good and sound business practices in the microinsurance consumer insurance products. PIA has further engaged FSD Zambia to support an official launch of the guidelines and seal that will be granted when firms demonstrate full adherence to the guidelines.

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