Kenya Re tackles political risks

The 2011-2015 business plan provides for the entry of the reinsurer into new markets. Kenya Re is targeting political risks, microinsurance and takaful reinsurance. The underwriting capacity for political risks will be of 100 million KES (1.28 million USD) per customer.

In 2010, the company reported pre-tax profits of 1.54 billion KES (19.7 million USD), that is, an increase of 16% over one year. The gross premiums jumped by 30% at 5 billion KES (64 million USD).