This is a list of licensed reinsurance companies in Kenya. These are companies that offer insurance cover for insurance companies.
Reinsurance protects insurance companies from losses and financial disasters by passing the risk to reinsurance corporate. Therefore, reinsurance can be defined as a form of insurance purchased by an insurance corporate to mitigate risk.
As you can see, reinsurance plays a significant role in the insurance industry. Apart from its prime role in reducing risk for insurance-Corporation, reinsurance has other advantages such as stabilizing premium rates, reducing profits fluctuations, flexibility, and the development of an insurance company.
Licensed for reinsurance only applies to reinsurance brokers who negotiate reinsurance cessions on behalf of a ceding insurer. It also covers the managers of the reinsurance business of a reinsurer.
Insurance is a highly regulated field, with a vast range of laws, policies, and industry guidelines. These rules must be followed by professionals and businesses that operate or want to operate in that sector.
There are 5 licensed reinsurance companies in Kenya as of 2022. The licensing is done by the Insurance Regulatory Authority.
List Of Licensed Reinsurance Companies In Kenya
1. Continental Reinsurance Limited
Location:197 Lenana Place (4th Floor), Lenana Road Nairobi
Contact: +254 20 2429392/3, 020-5137701
Email: sbanerjea@continental-re.com
2. East Africa Reinsurance Corporation Limited
Location: EARe House, 98 Riverside Drive
Contact: +254 733 623737, +254 728 11104, +254 20 4084000
3. Kenya Reinsurance Corporation Limited
Location: Reinsurance Plaza, Nairobi, Kenya,
Contact: +254 703 083 000, +254 20 220 2000
Email: kenyare@kenyare.co.ke
4. Ghana Reinsurance Company (Kenya) Limited
Location: TRV Office Plaza, 58 Muthithi Road, Suite 2D, Westlands
Contact: +254 20 3748974/5
Email: info_kenya@ghanare.com
5. WAICA Reinsurance (Kenya) Limited
Location: Real Towers Annex, Hospital Road, Upper Hill, Nairobi
Contact: +254 20 2722000
Email: info@waicare.com
Here is 112 List of Licensed Reinsurance Companies in Kenya
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