By KENNEDY MUPESENI –
KITWE mayor Christopher Kang’ombe says the city’s robust commercial future requires a healthy financial security support to thrive.
And Liberty Life Insurance Zambia Limited has opened a new outlet in Kitwe to serve the insurance needs of the Copperbelt.
Mr Kang’ombe said to sustain the current economic trajectory for the hub of the Copperbelt, more financial security in form of insurance is needed.
“Kitwe is a vibrant city because of its commercial robustness, and it is the second largest city in both size and population therefore, access to a strong financial security is needed,” he said.
Mr Kang’ombe was speaking during a cocktail to launch a sales centre for Liberty Zambia on Thursday night last week.
He said Government would like the insurance sector to grow by embracing innovation.
Mr Kang’ombe said the sector’s growth ratios were worrying compared to countries like South Africa hence the need for innovation.
Liberty Life managing director Mark Gobie said there was profound need for financial inclusion and the important role technology plays in reaching as many Zambians as possible.
“Liberty Zambia is honoured to be participating, contributing and shaping the Zambian insurance industry. Liberty stands for ‘the advantage of knowing’, and we want to use this knowledge to empower our customers and provide solutions that are relevant, affordable and accessible,” Mr Gobie said.
The South African insurance conglomerate first looked at entering the Zambian market in 2013 and became operational in 2015 when it became Stanbic Bank Zambia’s credit life underwriter.
Liberty Holding is the third largest insurance firm in South Africa and a growing Pan-African financial services group with a presence in 18 countries absorbing three million customers and 20 per cent stake in Standard Bank Group.
He said Liberty Zambia would continue leveraging on its international network and experience in the last 60 years of its existence to add to the growth of the country’s financial service provision.