Insurance in Malawi

Reunion Insurance Company Limited

We cover all risks regardless of its magnitude. Our insurance covers range from; • Motor Insurance • Transport Insurance • Householders/owners Insurance • Office Equipment and All risks Insurance • Engineering Insurance • Combined Insurance • Emerging risks like Political, cyber attach etc.

51 to 200 staff

Nico General Insurance Company Limited Mw

NICO GENERAL INSURANCE COMPANY LIMITED NICO General Insurance Company Limited was formed as a short-term division of the National Insurance Company Limited (now NICO Holdings Limited), which was incorporated as a composite insurance company in1970. NICO General is the leading short-term insurer in Malawi with a largest market share. NICO General offers Fast Track Claims Service which ensures that qualifying claims both motor and non motor are settled within 24 hours. In addition to our unrivalled technical and financial capacity to underwrite large and small risks in Malawi, we have the support of strong Reinsurers’ complementing our ability to underwrite worldclass covers. NICO General has an advanced Insurance Software Solutions Suite that is designed to proficiently perform all the functions of an insurance company such as underwriting/policy administration, claims management, reinsurance and accounting. The integrated modules available under the Insurance software solutions suite allows us to process your information and transactions effeciently. Our informative and interactive website nicogeneral.com allows you to fill in and submit proposal forms, claim forms and any other query without visiting our offices. NICO General attracts clients and intermediaries who are prepared to nurture long-term partnership with the company, to ensure long lasting security and peace of mind. We view our future prospects as bright, exciting and rewarding for clientele, shareholders and staff alike. Our core business is short term insurance, also known as general insurance. The security and peace of mind of our clientele are our top priorities. We provide a reliable and flexible claims service that is second to none on the Malawi insurance market. We operate through a central office in NICO House in the commercial city of Blantyre, where our executive team is. We also operate three regional offices in the main cities of Mzuzu, Lilongwe and Blantyre. The control office focuses on core services including technical underwriting, marketing, claims support and finance functions whilst the branch offices deal with sales, claims and customer relationships. NICO General Insurance Company is the natural choice for all your general insurance requirements in Malawi.

201 to 500 staff

Precious Medical International

top quality services affordable premiums no shortfalls

11 to 50 staff

Microinsurance Services Limited

Microinsurance Services Ltd (formerly MicroEnsure Malawi Ltd) is an inclusive insurance underwriter and consulting company whose exclusive focus is to address the mass market’s insurance needs to mitigate risk. It specializes in product design, product operation and claims administration in addressing the needs of the mass market. The company provides insurance to the low and middle-income market.

11 to 50 staff

Prime Insurance Company Limited

Prime Insurance Company Ltd (PICL) stands proudly today as one of the leading insurance companies in Malawi. With an established presence in the economic landscape of Malawi since 1992, PICL has aligned its strategies, structures and processes towards being responsive to the customers needs. PICL is also ranked amongst the top three insurance companies in the country. Over the years the company has extended and diversified its service lines, and currently transacts all types of general insurances. PICL has representation in all cities, towns and district councils in Malawi through a network of over 20 service centers. The company has also partnered with several Insurance brokers, agents and member associations in offering seamless service to all stakeholders. Whatever the magnitude or size of the risk, PICL has a capacity to cover it. OUR PRODUCTS AND SERVICES Prime Insurance offers quality insurance products and exceptional service. We offer our products at reasonable premium rates with excellent customer care. Our products are as outlined below: Motor Policies, Engineering, Accident, Fire policies, Bond, Marine, SME Package policy

501 to 1000 staff

Vanguard Life Assurance Company Limited

Vanguard Life Assurance Company is a fully registered life insurance provider in Malawi, specializing in financial security through life assurance, pension solutions, and long-term investment services. We are committed to helping individuals and businesses secure their future with tailored financial products. Our shareholders include Fidelity Life Assurance of Zimbabwe, National Bank of Malawi Pension Fund, United General Insurance Company, C&S Investments, and Emeritus Reinsurance Company.

51 to 200 staff

Libertas General Insurance Co. Ltd

Libertas General Insurance Company Limited previously known as Liberty General Insurance Company, is a general insurance (nonlife) company which has been operating in Malawi since 1996. We are one of the fastest-growing entities in the Malawian insurance market. We are also regarded as one of the most innovative insurers for offering risk solutions that are not offered by other players in the market. Our business model is based on creating products that have relevance in the market and forming strong partnerships. We have experience in creating solutions that work and benefit our partners; we work together with our partners to understand their needs and design appropriate solutions. Our administration capability and understanding of insurance operations will ensure that administration is done efficiently and with integrity. We have invested in the technology platforms necessary to enable our business model in a cost effective way for the customer, and will continue to do so.

11 to 50 staff

Wisechoice Insurance Agency

We are the pioneers of digital insurance in Malawi and are committed to providing you with the products that you need at affordable prices and with an easier process. Our goal is to surpass customers’ expectations in as far as life assurance policies are concerned. We aim not only to exceed your expectations but to leave you feeling confident and clear in your choices. At WiseChoice Insurance Agency we are committed to be your intermediaries in funeral and Life Assurance, Savings & investment policies. We aim to provide you with comprehensive relevant information to help make informed decisions when purchasing your insurance policies. We are here to reduce information asymmetry which is quite rampant in financial products

11 to 50 staff

Nico Life Insurance

NICO Life Insurance Company Limited is a life insurance and pensions company that offers a comprehensive range of Individual Life and Group Life products in Malawi. Additionally, NICO Life Insurance Company Limited are trusted pension administrators to a number of companies, organisations and statutory corporations in Malawi. The company is co-owned by NICO Holdings Limited, formerly National Insurance Company which owns 51% and Sanlam Developing Markets Limited which owns the remaining 49%. NICO Holdings Limited is a financial services group whose core business is insurance and banking. Conversely, Sanlam Emerging Markets Limited is the principal business within the Sanlam Group (RSA) that is responsible for the development and management of financial and investment business services for Sanlam in emerging markets outside South Africa Vision To enable everyone have access to life insurance and pensions solutions in Malawi that enable them gain more from life. Mission To create wealth for our policyholders and shareholders whilst investing in our employees. Values Integrity, Collaboration, Professionalism, Excellency, and Transparency.

51 to 200 staff

Smile Life Insurance

Smile Life provides Group Life Assurance Schemes, Group Funeral Insurance Schemes, Group Credit Life Assurance Scheme, Family Funeral Plans (Thandizo Policy). Smile Life has now been in operation for over ten years and has a management team with over forty years practical experience in the life insurance business

11 to 50 staff

Wella Medical Aid Society

Our mission is to provide innovative medical insurance services in Malawi that continuously increases value for our stakeholders while empowering our employees to make a difference.

11 to 50 staff

Companion Insurance Group Limited

Companion Insurance Group Limited [TMBRS1014595] is an insurance player in the Malawian market through its associated companies Companion Insurtech, Companion Legal, Companion Insurance Claim Settling Agency, Companion Inclusive Insurance, Companion Actuarial Services and Companion Health. Companion Insurance Group is based on a blended business model of social enterprise and capitalist venture. The Associated companies are independent of each other with different arrangement and structures. Companion insurance was birthed among other things to fill the gap on the insurance market with innovative, cutting edge and disruptive technology and unique insurance products and unmatched service delivery. Based on customer centric approach and customer experience the ultimate benefit of the technology and insurance products we develop, aim enhance financial inclusion and good customer experience. All this is achieved with a diverse talent of professionals for each separate venture as they are unique on their own. Companion Insurance Group Limited is a fourth industrial revolution company that wants to lead on technology era advancements and not follow

1 to 10 staff

Equatorial Insurance Brokers

Equatorial Insurance Brokers Limited is an Independent Short-Term insurance broker offering a diverse range of Insurance products and services. Equatorial Insurance Brokers Limited (EIB) was licensed by the Reserve Bank of Malawi as an Insurance Brokers in August 2019 under the Insurance Act 2009(as amended) and Financial Services Act 2010. Equatorial operated as an Insurance Agency from 2009 to 2019 for Nico General Insurance Company prior to its registration and licensing as an Insurance Broker. Through Customer retention and a strong customer relationship management, the firm has continuously grown year in, year out and has attained accreditation of awards in form of its outstanding performance.

1 to 10 staff

Britam Insurance Malawi

Britam Insurance Company (Malawi) Ltd in an insurance company offering a wide range of insurance products in Malawi.

51 to 200 staff

United General Insurance Malawi

United General Insurance Company (UGI) is one of the Malawi's leading short term insurance companies and has been operating in Malawi for over thirty years. UGI is both a member of the Insurance Association of Malawi and the African Insurance Organization. It presently has a 19% insurance market share in Malawi as per December 2014

51 to 200 staff

Medhealth Malawi

At MedHealth we strive to touch and make a difference in our members lives. Your comfort and satisfaction is the number one priority. With you for you.

11 to 50 staff

Cic Insurance Mw Life General

CIC Insurance Group is a leading Cooperative Insurer in Africa, providing insurance and related financial services in Kenya, Uganda, South Sudan and Malawi. The Group offers a wide range of products including General Insurance including motor,marine, goods in transit contractors all risks, burglary, fire and Life assurance

51 to 200 staff

Cover Your Asset Cya Insurance Brokers And Consultancy Ltd

About Us Cover Your Asset (CYA) Insurance brokers and consultancy limited is a corporate insurance brokerage firm which started operating in 2015 as an agent providing advice and assistance in covering clients, to protect their property assets, employees, earnings, and liabilities on a cost effective basis. The company identified the need to expand and apply its ever increasing skills diversity of client’s needs requiring specialized protection services. The company developed into an insurance broker in 2019 providing insurance brokerage with all leading insurance company’s in Malawi. CYA, today has professional and dedicated staff, with a wealth of experience in insurance and has provided professional services to a wide range of clients both corporate and individual. CYA insurance are registered by the Reserve Bank of Malawi who are the registrars of financial institutions under financial services Act and insurance Act in Malawi. Company Strengths: 1. Ability to develop and maintain relationships with clients. Employee ability to understand customer needs and wants and to focus that ability on the customer business. Employee ability to understand a client’s business commercially, as well as professionally. Our technical and professional competency in handling clients’ accounts. Mission Statement “To raise the bar in insurance broking industry by providing excellent services through utilization of the highest principles and standards” Promises to our clients 1. CLAIMS SETTLEMENTS: we shall be at your side at all times during the process, and that’s what working for you means. INTEGRITY: act at all times with honesty and utmost good faith and to decline to act if the possibility of any conflict of interest arises. We never compromise on our business ethics at any time. AFTER SALES SERVICES: discuss on a personal level your private or business needs, and you can be certain that their advice and recommendations’ will be professional.

11 to 50 staff

Ugi Malawi

11 to 50 staff

Minet Malawi

Minet is a trusted pan-African advisor that meets the uncertainties of tomorrow by delivering risk and human capital solutions today. As the largest Aon Global Network Correspondent, Minet has access to a network of over colleagues in 120 countries as well as proprietary data, research and analytics which enable us to manage and secure the risks of tomorrow and provide clients with an unrivalled advantage. Our journey started almost 70 years ago as JH Minet Company. In 1997 Aon, the leading global provider of risk management, human resource consulting and outsourcing, acquired the U.K. shareholder, London Minet, as part of their African expansion strategy. As a result, the company became Aon Minet, and subsequently Aon. In 2017 private equity firm Capitalworks acquired Aon’s shareholding in several African operations, alongside local shareholders including governments in many markets, which has created what is now Aon’s largest Global Network Correspondent.

11 to 50 staff