Savenda General Insurance continues growing

Savenda General Insurance continues growing

 

Savenda General Insurance (SGI)  is registering positive growth in gross written premiums and is one of the most fastest growing insurance companies in Zambia says its Managing Director Ireen Muyenga.

Mis Muyenga said the company in 2018 posted k19.2 million kwacha gross written premiums campared to k11.6 million kwacha in 2017 translating into 65 percent growth.

Speaking during a cocktail for corperate golf tournament at Lusaka golf club on Saturday which was sponsored by the company, Mis Muyenga said Savenda hcas captured the market with vigour and desire to grow the market.

‘ With offices in Kitwe and Kabwe, our presence on the Copperbelt and Central Provinces has been consolidated but we have presence in other towns but we are not going into other towns like a traditional way of having branches because that over the years has proved to be costly therefore our strategy is to just have a presence while we grow a premium in a particular geographical area before we set up a branch.’

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