Insurance

Insurance

Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

An insurer, or insurance carrier, is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnify) the insured in the case of a financial (personal) loss. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.

About Kingfisher

Kingfisher offers a unique portfolio of products and services which not only meet clients’ existing requirements, but also seek to anticipate their future needs.

Contact Us

  • Address: Head Office/Blantyre Branch, Delamere House, First Floor Northwing Private Bag 154
  • Phone: +265 1 824 930
  • Email: insurance@kingfisher.mw

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