Munich Reinsurance Co. of Africa (MRoA)
 | DATE OF CREATION: 1968, South Africa |
| CLASS OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONES: Sub-Saharan Africa | |
| REGIONAL STRUCTURE: Cape Town (South Africa) |
Munich Reinsurance Co. of Africa : contact
| Adress: 47 Empire Road, Parktown Johannesburg, 2193 P. O. Box 6636 Johannesburg 2000, South Africa |
| Tel: +27 11 242-2000 |
| Fax: +27 11 242-2000 |
| Website: www.munichre.com |
Munich Reinsurance Co. of Africa : rating
| Agency | Rating | Outlook |
| Standard & Poor's | AA- | Stable |
Munich Reinsurance Co. of Africa : main indicators
in thousands USD| 2018 | 2019 | 2020 | |
| Turnover | 762 954 | 852 765 | 980 120 |
| Shareholder’s equity | 220 486 | 223 514 | 234 485 |
| Net result | 10 360 | 17 729 | 26 329 |
Munich Reinsurance Co. of Africa : turnover by class of business*
in thousands USD| Premiums | In % | |
| Property damage | 276 736 | 32.45% |
| Motor | 215 548 | 25.28% |
| Marine | 9 869 | 1.16% |
| Others | 70 542 | 8.27% |
| Total non life | 572 695 | 67.16% |
| Life | 280 070 | 32.84% |
| Grand total | 852 765 | 100% |
* 2019 figures
Munich Reinsurance Co. of Africa : capital and shareholding
| Shareholders | In % |
| Munich Re | 100% |
 | |
Munich Reinsurance Co. of Africa : technical ratios
| 2019 | 2020 | |
| Loss ratio | 80% | 78% |
| Management expenses ratio | 23% | 21% |
| Combined ratio | 103% | 99% |
Munich Reinsurance Co. of Africa : management
| Nomzamo Radebe | Chairman of the board |
| Nico Conradie | CEO |
| Karsten Steinmetz | Chief financial officer |
| Yolanda Skei | Chief operations officer |
| Filipe Nunes | Head of life |
| Belhassen Tonat | Head of non life |
| Wendy-Anne Naidoo | Head of RH |
| Sipho Mthabela | Head of Africa strategy |
Exhange rate at 31/12/2018 : 1 ZAR = 0.06923 USD ; 31/12/2019 : 1 ZAR = 0.07112 USD ; 31/12/2020 : 1 ZAR = 0.06823 USD
Read also | Reinsurance in Sub-Saharan Africa
