Magazine date:
Apr 2016 A change in the life style and working pattern of Africans has profoundly upset the insurance market. Population growth, their rising income and , their migration to urban centers have opened a window of opportunities for life and non life insurers.
Kenya Re is trying to get ownership of a market share thanks to a five-year strategic plan launched in 2015. This scheme is based on four pillars: emphasizing shareholders’ performance by focusing on most profitable business, choosing new technologies to maintain efficiency at the level of the system and the procedures, attracting qualified staff and promote good practices in business management. Kenya Re has also increased its underwriting capacity and adapted its retrocession covers.