Octagon Zambia launches, promises financial risk solutions


Octagon Zambia Insurance Brokers (OZIB) has announced the expansion of its operations in the country.

Board Chairman, Charles Mate, said the company decided to expands its strategic venture in Zambia to provide comprehensive broking insurance solutions.

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Mate said in Lusaka on Thursday that they would strive to provide solutions for financial risks.

He stated that as a broker, it is the company’s duty to understand the client’s situation, needs, and desires to find the best insurance policy within their budget as well as helping them choose the right insurance plan.

Mate further stated that the company would help its clients navigate between insurance policies, many of which have subtle differences, to ensure they choose the most optimal plan for their unique needs.

Speaking at the same event, company’s Africa Group Chief Executive Officer, Fred Waswa, said the insurance broking line has been in full swing in other region and saw it only logical to extend the strategic venture to Zambia.

Meanwhile, Pensions and Insurance Authority Manager, Market Development, Yizaso Musonda is confident that the institution will provide a valuable contribution to the industry.

“Furthermore, we would like to take this opportunity to emphasize that the Zambian government is fully committed to creating a conducive environment for the growth and development of the insurance industry” she said.

Contributed by Augustine Sichula

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