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Insurance Institute of Zambia (IIZA)

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The Insurance Institute of Zambia (IIZA) is the 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.

Please visit our website for more information about the Institute and the Zambian insurance industry.

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From The Glossary »

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Compound Interest:

Compound interest is the accumulation of interest monthly, quarterly or annually including ‘interest on interest’. Interest is sometimes payable in respect of insurance and reinsurance contracts.
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