Reinsurance Practice in Zambia
Date
2013-02-28
Authors
Kasakwa, Mwambi
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Abstract
The world is changing at a fast pace. The way in which reinsures do business is changing, the products and services they offer is evolving, the range and characteristics of their competitors and their clients is expanding. Reinsurers have been in the forefront in anticipating these changes and in advocating greater regulatory efSciencies to expand their opportunities in a global marketplace. The Zambian reinsurers have not been left behind. This paper is a voice for the domestic reinsurance companies that have been crying out for revised laws and policies that will act as a springboard for their emergence and development in the global market. It addresses the weaknesses of the current legal framework in which reinsurance operates. The paper goes on to seek solutions in jurisdictions of other countries that have been known to be trendsetters in this area of law. The solutions uncovered are given as recommendations to the current legal framework.
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Keywords
Reinsurance--Law and Legislation--Zambia , Financial reinsurance--Zambia