Insurance Institute of Zambia

Welcome to the Insurance Institute of Zambia website. Kindly feel free to enter your details in our Guest book. We invite observations,

comments and contributions. Remember, If your are a paid up member we have launched the new Professional Membership Status,

choose a category and apply. Encourage others to visit the site, Thank you and enjoy your visit on this site.

Justine Kabwe, President.

 The President’s Speech at the 1^st Professional Designations Conferment Dinner,

held at Sandy’s Creation, Conference Centre on 20^th June 2009.

The Guest of Honour

The Governing Council Members

Distinguished Ladies and Gentlemen

All Protocols Observed

I would like to welcome you all to this Professional Designation Conferment Dinner, this is an historical

day in the insurance industry and the nation at large, as we are witnessing candidates who shall be

conferred with Student membership of the Insurance Institute of Zambia (SIIZA), Ordinary member of the

Insurance Institute of Zambia (MIIZA), Associate of Insurance Institute of Zambia (AIIZA)

 and Fellow of the Insurance Institute of  Zambia (FIIZA).

Congratulations, to all candidates.

All members must take ownership of these qualifications and display the Certificates in their offices as

a mark of professional excellence and commitment to professional development. We should take a

leaf from other professionals such as, Lawyers that proudly display the Certificates

to assure their clients that they are committed to serve them better.

The Guest of Honour, Ladies and Gentlemen, I would like to take this opportunity, to warm employers

that employ non professionals that it is an acceptable in modern business environment, as it

disadvantages the would be consumers of insurance and assurance services. Even in their

advertisements for employee recruitments, Insurance qualifications must take precedence to other

qualifications, both academically and professionally. The institute now has a pool of these professionals.

The institute has received numerous complaints from its members, that some employers do not recognise

 their qualifications. This is a very unfortunate state of affair. Moreover, students pursuing insurance

 courses are not given opportunities to get practical experience through attachments. Let us

 encourage upcoming professionals.

To the candidates, I would like remind them that the above qualifications require one to be

undertake compulsory Continuous Professional Development (CPD) and compliance with a

Code of Ethics that has been developed. Further Guidelines would be circulated as soon as

consultations going on between Insurance Brokers Association of Zambia (IBAZ),

Insurers Association of Zambia (IAZ, The Zambia Insurance Business College Trust (ZIBCT)

and the Pensions and Insurance Authority (PIA), are concluded.

In conclusion I urge all the members to participate actively in the activities of the Institute,

either as members of sub-committees or in the organization of various events lined up.

Thank you for your attention and enjoy the splendid evening.

Justine Kabwe

President.

The Insurance Institute of Zambia (IIZA) is

national professional body for insurance and insurance related activities professionals in Zambia.

 It was officially registered on 18th September 2005 under the Societies Act and launched on

31st March 2006 at Mulungushi International Conference Centre, by the then

Deputy Minister of Finance & National Planning , Honorable Kapembwa Simbao, MP.

It is widely recognized as the apex body for practitioners, by the insurance industry

bodies such as Insurers Association of Zambia (IAZ), Insurance Brokers Association of Zambia (IBAZ),

Zambia Insurance Business College Trust (ZIBCT), Zambia Association of Pension Fund Managers (ZAPFM)

and the Regulatory Body, the Pensions and Insurance Authority (PIA).

Amongst the aims of the institute is to allow individual members:

- Achieving professional recognition among employers and colleagues.

- have a National voice on insurance matters.

- achieve Universal recognition of professionalism, when qualified and elected to use designatory

Letters after the name

- have Access to information in the Zambian insurance market so that they are kept up to date

 on the latest news.

- Network at National and International events, such as Conferences, Seminars ad Briefings

- Coordinate in terms of Continuous Professional Development (CPD) at local institutes

- to participate in the on going legal and self regulatory reforms

- Developing skills and Competences in professional insurance practice.

Apply For Membership

Fellow     - K100,000

Associate - K75,000

Ordinary   - K50,000

Student     - 30,000

Apply to use Professional Membership Status after your name, See Fees below;

FIIZA - K300, 0000

AIIZA - K250,000

MIIZA - K250,000

SIIZA  - K100,000

should be made to the;

The Insurance Institute of Zambia, or deposited into our ZANACO Ndola Business Centre

Bank A/C No. 0420210000008959.

For cash payment contact the Honorary Treasurer, Ms Dorothy Mwalimu, Alexander Forbes, Risk Services, Lusaka.