Zambia’s government-owned insurance company, ZISC General Insurance, has announced the appointment of Trevor Jengajenga as its new Director General, effective January 20, 2025. With over 20 years of experience in the insurance sector, Jengajenga’s appointment signals a new chapter for the company, which is poised to enhance its growth and profitability under his leadership.
Before taking the reins at ZISC General Insurance, Jengajenga was the Chief Executive Officer of Westfield Risk Services Limited, an insurance broking firm he founded in 2021. His long and accomplished career includes 12 years at the international financial risk mitigation firm Aon, where he rose through the ranks to become Divisional Manager in Retail Brokerage and Business Development. He also served as the CEO of Phoenix of Zambia Assurance Company Ltd for a decade, further solidifying his reputation as a seasoned leader in the industry.
Jengajenga holds a Master of Business Administration (MBA) from DPU Pune in India, a Bachelor of Business Administration from the University of Lusaka, and a Diploma in Accounting Technicians. In addition, he is an Associate of the Chartered Insurance Institute (ACII) of the United Kingdom and a Fellow of the Insurance Institute of Zambia (FIIZA), further demonstrating his strong academic and professional background.
His leadership extends beyond corporate roles. Jengajenga has been actively involved in the insurance community, serving as Vice President of the Insurers Association of Zambia and Vice Chairman of the Zambia Pension and Insurance College Trust. His appointment comes at a time when ZISC General Insurance is looking to expand its market share and remain a profitable member of the Industrial Development Corporation (IDC) Group of Companies.
David Matongo, the Chairperson of the ZISC General Insurance Board, expressed confidence in Jengajenga’s ability to lead the company. “As a Board, we trust that Mr. Jengajenga will ensure that ZSIC General Insurance remains a profitable member of the IDC Group. We are certain he will lead the company in fulfilling the objectives set in the 2024 to 2026 Strategic Business Plan,” Matongo said. He also emphasized the Board’s anticipation of Jengajenga’s efforts to drive growth and profitability for the insurance company.
This strategic move is expected to help ZISC General Insurance capitalize on the opportunities presented by Zambia’s evolving insurance market, positioning the company as a key player in the country’s financial landscape.
As the new Director General takes charge, industry observers and stakeholders will be watching closely to see how Jengajenga steers the company toward achieving its ambitious goals and strengthening its position within Zambia’s insurance industry.
