 | DATE OF CREATION: 2008 |
| CLASS OF BUSINESS: Life and non life |
| MAIN UNDERWRITING ZONE: Kenya |
Continental Re Kenya: contact
| Address: 197 Lenana Place (4th Floor), Lenana Road, Nairobi, Kenya |
| Tel: : +254 2429391/2/3, 020-5137701 |
| Email: sbanerjea [at] continental-re [dot] com / info [at] continental-re [dot] com |
Continental Re Kenya: main indicators
In thousands USD| | 2020 | 2021 |
| Turnover | 33 188 | 53 386 |
| Shareholder’s equity | 20 737 | 25 231 |
| Net result | 3 497 | 5 224 |
Continental Re Kenya: turnover by class of business
In thousands USD| | 2021 premiums | In % |
| Fire | 16 388 | 30.70% |
| Health | 15 342 | 28.74% |
| Engineering | 5 928 | 11.10% |
| Marine | 2 237 | 4.19% |
| Motor | 974 | 1.83% |
| Miscellaneous risks * | 11 319 | 21.20% |
| Total non life | 52 188 | 97.76% |
| Life | 1 198 | 2.24% |
| Grand total | 53 386 | 100% |
* Including third party liability and workmen’s compensation
Continental Re Kenya: capital and shareholding
| Shareholders | In % |
| Continental Re Group | 100% |
| Share capital | 13 170 000 USD |
Continental Re Kenya: technical ratios
| | 2020 | 2021 |
| Net loss ratio | 51.89% | 41.08% |
| Net Management expenses ratio | 37.76% | 40.57% |
| Net combined ratio | 89.65% | 81.65% |
Continental Re Kenya: management
| Souvik Banerjea | Regional manager |
* Continental Re Kenya is a subsidiary of Continental Re Nigeria.
Exchange rate as at 31/12/2020: 1 KES = 0.00910 USD ; 31/12/2021: 1 KES = 0.00878 USD.
Source: Insurance Regumatory Authority, Kenya (IRA).
