Waica Re Kenya
DATE OF CREATION: 9 october 2018 | |
CLASS OF BUSINESS: Non life | |
MAIN UNDERWRITING ZONE: Kenya |
Waica Re Kenya: contact
Adress: Real Towers Annex, Hospital Road Upper Hill, Nairobi, Kenya |
Tel: +254 20 2722000 |
Email: infos [at] waicare [dot] com |
Website: www.kenya.waicare.com |
Waica Re Kenya: main indicators
In thousands USD
2020 | 2021 | |
Turnover | 6 556 | 13 033 |
Shareholder’s equity | 10 472 | 11 529 |
Net result | 915 | 1 478 |
Read also | WAICA Re
Waica Re Kenya: turnover 2021 by class of business
In thousands USD
Premiums 2021 | In % | |
Fire | 6 401 | 49.11% |
Engineering | 1 889 | 14.50% |
Accident (1) | 1 712 | 13.14% |
Motor | 541 | 4.15% |
Marine and aviation | 514 | 3.94% |
Health | 54 | 0.41% |
Miscellaneous risks (2) | 1 922 | 14.75% |
Total | 13 033 | 100% |
(1) Including workmen's compensation and personal accident
(2) Including third party liability and theft
Waica Re Kenya: capital et shareholding
Shareholder | In % |
Waica Reinsurance Corporation | 100% |
Share capital | 9 680 000 USD |
Waica Re Kenya: technical ratios
2020 | 2021 | |
Net loss ratio | 14.82% | 30.83% |
Net management expenses ratio | 58.56% | 48.7% |
Net combined ratio | 73.38% | 79.53% |
Waica Re Kenya: management
Ezekiel Abiola Ekundayo | Chairman of the board |
Charles Etemesi | Chief executive officer |
Nana Kissi | Chief financial officer |
David Kudoyi | Senior manager, technical |
Waica Re Kenya is a subsidiary of Waica Reinsurance Corporation PLC
Exchange rate as at 31/12/2020: 1 KES = 0.00910 USD ; as at 31/12/2021: 1 KES = 0.00878 USD<
Source: Insurance Regumatory Authority, Kenya (IRA) and Waica Re
Read also | Kenyan insurance market
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