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NICO Life and all other insurers and brokers under the Insurance Institute of Malawi took time off their busy work schedules to participate in the annual Insurance Institute of Malawi (IIM) Sports Day that took place in Blantyre at the College of Medicine Sports Complex on Saturday 28th June, 2014.

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Expected to be the guest of honour: ChukaWith available statistics indicating that Malawi’s insurance penetration is at a paltry three percent, the Insurance Institute of Malawi (IIM) says it wants to ensure that more people embrace the insurance concept.

Despite this sorry state of affairs, figures show that Malawi beats regional neighbours Kenya (2.62 percent), Tanzania (2.2 percent) and Zambia (2.4 percent).

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