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Finance
billion (2009: K4.452 billion). This growth is attribut-
ed to the company writing more business from within
the greater Southern Africa region in addition to its
domestic business. The Balance Sheet continued to
grow and stood at K 11.477 billion during the first
half of 2010 compared to K8.860 billion in the previ-
ous period.
These impressive figures give a firm indication of
where the company is headed. The company is set
to become a market leader.
“We strive to be the best reinsurance company in
the market. I hope to ensure Prima Re’s strength as
a company, which will extend itself to other parts of
Africa, offering world class service and contribution
to the development of the African insurance industry”
Exhilda Lumbwe
Managing Director
A K Chawla
Managing Director
Head Office—Finsbury Park, Kabwe Round-About
PO Box 34264, Lusaka
Tel: +260 211 366703
Fax: +260 211 222151
customerservice@picz.co.zm
ho@picz.co.zm
www.picz.co.zm
Professional Insurance Zambia offers a wide range
of insurance products and policies catering for a di-
verse range of clients and industries such as Mo-
tor, Marine, Engineering, Accident, Fire Aviation and
Cargo Insurance.
Professional Insurance Corporation Zambia Limited
is the largest and fastest growing insurance com-
pany in Zambia today. Strong fundamentals along
with a strong team of professionals who possess
the knowledge, expertise, and experience in the
management of all types of insurance, domestically,
and internationally ensure that they maintain their
position of permanence and growth in the Zambian
market.
Thousands of individual customers, local and foreign
companies, multinationals, banks, NGOs, govern-
ment and parastatal organizations, learning insti-
tutions and other clients have all placed their trust
and confidence in Professional Insurance. Twelve
PROFESSIONAL INSURANCE
CORPORATION ZAMBIA LIMITED
STANDARD CHARTERED BANK
branches and six mobile offices bring Professional
Insurance services to all regions of Zambia. The
Company places a lot of importance on informa-
tion technology services and is continually evolv-
ing. It emphasizes human resource development
and training, which has translated into the increase
of manpower through internal growth and develop-
ment.
Professional Insurance is supported by world class
re-insurance firms such as: Munich Re, Swiss Re,
Hannover Re, GIC of India and other prestigious re-
gional re-insurance groups, namely Africa Re, PTA
Re and Zam Re.
Established in 1992 by determined individuals striv-
ing to improve the service and overall insurance in-
dustry in Zambia, Professional Insurance continues
to strive for improvements in all its operations to pro-
vide the highest quality services to its clients. The
Corporation is eager to work with those interested
in entering the Zambian market no matter what in-
dustry or sector.
Mizinga Melu
CEO & Managing Director
Standard Chartered House, Cairo Rd.
PO Box 32238 Lusaka
Tel: +260-211-222-046
Fax: +260-211-225148
mizinga.melu@sc.com
www.standardchartered.com
Standard Chartered has a history of over 150
years in banking and operates in many of the
world’s fastest growing markets. It has an ex-
tensive global network of over 1,700 branches
(including subsidiaries, associates and joint ven-
tures) in 70 countries throughout the Asia Pa-
cific Region, South Asia, the Middle East, Africa,
Europe and the Americas. As one of the world’s
most international banks, Standard Chartered
employs over 75,000 people, nearly half of whom
are women, representing over 125 nationalities
worldwide.
Standard Chartered Zambia was established in
1906. As of 2010, they were ranked as one of the
country’s top 3 banks and employ over 600 peo-
ple with 20 branches across the country. Stand-
ard Chartered Bank Zambia PLC is also listed on
the Lusaka Stock Exchange (LuSE).
The Bank serves both retail and corporate cus-