AfInBro Limited t/as African Insurance Brokers [‘AIB’] was incorporated in 2016 as a response to a changing insurance market in Zambia, specifically, the intermediated insurance market sector. As the traditionally dominant global insurance brokers have continued to review the manner in which they operate in emerging insurance markets it became obvious to AIB’s promoters that there was a need for a truly independent, professional insurance broker owned by Zambian citizens and residents capable of providing best-in-class insurance broking services and products to Zambia’s insuring community.
In striving to meet this objective, together with demonstrating a long-term commitment to this country in general and the Zambian insurance market in particular, AIB has aligned its shareholding, management and service offerings in pursuit of this objective.
Accordingly, AIB is totally owned by Zambian citizens and residents, managed by very experienced personnel with a combined total of over 50 years’ insurance industry experience, committed to the highest professional and ethical standards and able to provide clients with a wide range of insurance products and services.
In order to assist in achieving AIB’s objective of ensuring that clients are able to benefit from the latest intellectual property transfer and international insurance industry best practices we have correspondent agreements with a number of leading global and regional insurance brokers.
By structuring these as correspondent agreements as opposed to shareholding and / or management agreements AIB is able to maintain its truly independent identity as well as to maximise operational flexibility without the constraints associated with global company subsidiary companies.
Currently AIB operates out of two branches, namely Lusaka and Kitwe. As operations expand consideration will be given to emulating the Voyagers Group branch network which also has branches in Ndola, Chingola, Solwezi and Livingstone.