Zep Reinsurance (Zimbabwe)

Logo-ZEP-RE
DATE OF CREATION: 2012, Zimbabwe
CLASS OF BUSINESS: Non-life
MAIN UNDERWRITING ZONE: Zimbabwe

Zep Re: contact

Address: 16th Floor, Joina City Jason Moyo Avenue, Harare, Harare Province, Zimbabwe
Tel: +263 04 777929, 04 777932
Email: jgwatipedza [at] zep-re [dot] com
Website: www.zep-re.com

Zep Re: main indicators

in thousands USD
 20182019
Turnover16 1135 605
Shareholder’s equity6 8719 916
Net result9809 506

The significant decrease in 2019 indicators is due to the monetary reforms undertaken by Zimbabwe following the reintroduction of the single currency regime.

Zep Re: capital and shareholding

ShareholdersIn %
Zep Re Kenya (PTA)
100%
Zep-re-zimbabwe-capital-and-shareholding

Zep Re: technical ratios

 20182019
Loss ratio55.28%189.43%
Management expenses ratio38.60%-15.36%
Combined ratio93.88%174.07%

Zep Re: management

Jephita GwatipedzaGeneral manager

Exchange rate at 12/31/2019: 1 USD = 16.7734 ZWL

Source: Insurance & Pensions Commission (IPEC)

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