{"id":772,"date":"2019-04-10T06:16:03","date_gmt":"2019-04-10T06:16:03","guid":{"rendered":"http:\/\/www.iaz.org.zm\/?page_id=772"},"modified":"2019-04-10T06:38:35","modified_gmt":"2019-04-10T06:38:35","slug":"about-iiza","status":"publish","type":"page","link":"http:\/\/www.iaz.org.zm\/index.php\/about-iiza\/","title":{"rendered":"About IIZA"},"content":{"rendered":"

The Insurance Institute of Zambia (IIZA) is currently registered under the Societies Act Cap 119 of the Laws of Zambia as an individual based PROFFESSIONAL BODY for all insurance and risk management practitioners in the Zambian Insurance and Pensions industry.\u00a0\u00a0 In order to consolidate IIZA\u2019s position, the \u2018IIZA DRAFT BILL\u2019 is now receiving final review for onward transmission to the Ministries of Justice and Finance for eventual enactment. This enactment shall make IIZA as the sole educational and training professional body in setting standards in the practice of insurance and pensions in Zambia.\u00a0 Once the IIZA DRAFT BILL is passed into Law, it shall actualize its Status similar to the Statuses enjoyed and held by other individual based local professional bodies such as the Engineering Institution of Zambia (EIZ), the Zambia Institute of Chartered Accountants (ZICA), Zambia Institute of Marketing (ZIM), Law Association of Zambia (LAZ) e.t.c<\/p>\n

The proposed IIZA Act shall therefore make membership of the Institute compulsory to all the professionals practicing at all levels in the Industry including Risk Carriers, Pension Funds Managers, Brokers, Agents, Loss Adjusters, Loss Assessors, Actuaries, Risk Management Consultants, In-House Insurance Advisors in Industry and Commerce and In-House Sales Representatives.\u00a0 The aim and fundamentals of the IIZA Act once in place is to ensure that those who provide insurance and pension services are knowledgeable and trust worthy.<\/p>\n

In order to achieve industry \u201cBEST PRACTICE\u201d in Corporate Governance and Intellectual Capital Management, IIZA has approached and sought the cooperation of the Pensions and Insurance Authority (PIA), the Insurers Association of Zambia (IAZ), the Insurance Brokers Association of Zambia (IBAZ), and the Zambia Association of Pension Funds (ZAPF) to make IIZA membership a pre-requisite to holding any position in the Industry.\u00a0 This is to the advantage of the individual practitioners, the entities they work for and most importantly to the benefit of the Customers.<\/p>\n

ATTRIBUTES SUCCESSFUL RISK PROFESSIONALS SHOULD POSSESS REGARDLESS OF LEVEL OF EXPERIENCE<\/strong><\/p>\n

The Risk and Insurance Management Society(RIMS-USA) President for 2009 ,Joe Restoule,CIP,CRM was asked what he considered as some of the most important attributes that risk professionals should possess, whether they are just starting out in their careers or have moved into senior roles in their selected sector of our market and we quote his response as follows:-<\/p>\n

\u201cRegardless of your experience level, analyzing Risk requires a thorough assessment through persistent inquiries about the nature of the risk; asking yourself: what are the risks associated with a particular endeavor that can assist the business units in achieving their objectives? You need to think deep, think laterally, and think creatively with the information and data about the risk you have to explore. Venture out to think about the absurd! Can it happen? You Bet! Look at the major events that have transpired since 2000. Managing Risk involves unlocking the uncertainties as best we can. Being inquisitive, from my point of view, is taking action to challenge your Risk I.Q.\u201d<\/strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 <\/strong>These observed key attributes by a risk practitioner of over 20 years underscores \u00a0the acute need for keeping IIZA membership active as a knowledge acquisition and transfer tool in every member`s career development.<\/strong><\/p>\n

\u00a0<\/strong>YOUR MEMBERSHIP COUNTS MORE THAN EVER<\/strong><\/p>\n

It shows to your employers and customers that you maintain the highest levels of professionalism and proves that you have the knowledge, drive and passion needed to offer customers quality service which registers their loyalty to you and your firm in our fast moving, competitive industry.\u00a0 In these challenging times which have an effect on career and personal development, it is vital to affiliate to IIZA to achieve visibility of identity in industry.\u00a0 Your IIZA membership status shows that you possess and maintain a technical understanding of the market and its products, and today these attributes are more important than ever because of an enlightened and litigious clientele in the market.<\/p>\n

MEMBERSHIP FEES STRUCTURE AND PAYMENT TERMS AND PROCEDURE<\/strong><\/p>\n

For both old and new members, the membership fees due with effect from 1st<\/sup> January 2017 are as follows:-<\/p>\n

IIZA MEMBERSHIP CATEGORY<\/u><\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 MEMBERSHIP FEES (ZMW)<\/u><\/strong><\/p>\n

    \n
  1. Fellow \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 ZMW 1,000<\/li>\n
  2. Associate \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 ZMW 750<\/li>\n
  3. Ordinary Member \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 ZMW 500<\/li>\n
  4. Student \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 ZMW 100<\/li>\n<\/ol>\n

     <\/p>\n

    For those renewing membership with the same status, fees should be paid through cheques or cash deposits into the Insurance Institute of Zambia (IIZA) account \u2013 details of which are provided below:-<\/p>\n

    Name of Bank\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 : Zambia National Commercial Bank Plc, <\/strong><\/p>\n

    \u00a0<\/strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Bank Branch\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 : Premium House Branch, Independence Avenue, Lusaka<\/strong><\/p>\n

    \u00a0<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Account Name\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 : Insurance Institute of Zambia (IIZA)<\/strong><\/p>\n

    \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 <\/strong>Account Number:\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>1327403500164<\/strong><\/p>\n

    \u00a0<\/strong>We will be glad to receive your deposit slip which you can submit to Insurance Institute of Zambia (IIZA) Secretariat at the following address(es) for membership documents processing:-<\/p>\n

    The Insurance Institute of Zambia (IIZA)<\/span><\/span><\/p>\n

    C\/O Mayfair Insurance Company Ltd<\/span><\/span><\/p>\n

    Head Office, 1st<\/sup> Floor <\/span><\/span>Lagos\/Lubuto Road<\/span><\/span><\/p>\n

    Rhodes Park, Lusaka <\/span><\/span><\/p>\n

    \u00a0<\/span><\/span>or<\/span><\/span><\/p>\n

    \u00a0<\/span><\/span>Posted to:-<\/span><\/span><\/p>\n

    Insurance Institute of Zambia (IIZA)<\/span><\/span><\/p>\n

    PO Box 31628<\/span><\/span><\/p>\n

    Lusaka, Zambia<\/span><\/span><\/p>\n

    \u00a0<\/span><\/span>Or <\/span><\/span><\/p>\n

    Email scanned copies of the deposit slip(s) to<\/span><\/span><\/p>\n

    felix@iiza.org<\/a><\/span><\/p>\n

    \u00a0<\/span><\/span><\/p>\n

    If your employer normally pays your subscription fees, please pass this letter to them.\u00a0 Under these circumstances, the Institute is eager to receive payment by Cheque indicating particulars of members the payment has been made for, i.e full name, membership status, and membership identity number.<\/span><\/span><\/p>\n

    \u00a0<\/span><\/span>We look forward to your remittance and completed forms. Kindly accept our gratitude in advance for supporting the growth of your local Institute whose prime focus is to consistently and continuously develop and maintain professional competence and excellence<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    The Insurance Institute of Zambia (IIZA) is currently registered under the Societies Act Cap 119 of the Laws of Zambia as an individual based PROFFESSIONAL BODY for all insurance and risk management practitioners in the Zambian Insurance and Pensions industry.\u00a0\u00a0 In order to consolidate IIZA\u2019s position, the \u2018IIZA DRAFT BILL\u2019 is now receiving final review for onward transmission to the Ministries of Justice and Finance for eventual enactment. This enactment shall make IIZA as the sole educational and training professional body in setting standards in the practice of insurance and pensions in Zambia.\u00a0 Once the IIZA DRAFT BILL is passed into Law, it shall actualize its Status similar to the Statuses enjoyed and held by other individual based local professional bodies such as the Engineering Institution of Zambia (EIZ), the Zambia Institute of Chartered Accountants (ZICA), Zambia Institute of Marketing (ZIM), Law Association of Zambia (LAZ) e.t.c The proposed IIZA Act shall therefore make membership of the Institute compulsory to all the professionals practicing at all levels in the Industry including Risk Carriers, Pension Funds Managers, Brokers, Agents, Loss Adjusters, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-772","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/www.iaz.org.zm\/index.php\/wp-json\/wp\/v2\/pages\/772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.iaz.org.zm\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/www.iaz.org.zm\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/www.iaz.org.zm\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.iaz.org.zm\/index.php\/wp-json\/wp\/v2\/comments?post=772"}],"version-history":[{"count":9,"href":"http:\/\/www.iaz.org.zm\/index.php\/wp-json\/wp\/v2\/pages\/772\/revisions"}],"predecessor-version":[{"id":785,"href":"http:\/\/www.iaz.org.zm\/index.php\/wp-json\/wp\/v2\/pages\/772\/revisions\/785"}],"wp:attachment":[{"href":"http:\/\/www.iaz.org.zm\/index.php\/wp-json\/wp\/v2\/media?parent=772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}