Magazine date:
Feb 2023  | DATE OF CREATION: 2011 |
| CLASS OF BUSINESS: Non life | |
| MAIN UNDERWRITING ZONE: Kenya |
Ghana Re Kenya: contact
| Adress: TRV Office Plaza, 58 Muthithi Road, P.O Box 42916-00100 Nairobi, Kenya |
| Tel: +254 20 3748974/5 |
| Email: info_kenya [at] ghanare [dot] com |
Ghana Re Kenya: main indicators
In thousands USD
| 2020 | 2021 | |
| Turnover | 7 449 | 11 489 |
| Shareholder’s equity | 11 472 | 12 297 |
| Net result | 1 168 | 1 082 |
Ghana Re Kenya: turnover 2021 by class of business
In thousands USD
| Premiums | In % | |
| Fire | 5 813 | 50.60% |
| Health | 1 658 | 14.43% |
| Engineering | 1 009 | 8.78% |
| Motor | 548 | 4.77% |
| Marine and aviation | 681 | 5.93% |
| Miscellaneous risks (1) | 1 780 | 15.49% |
| Total | 11 489 | 100% |
(1) Including third party liability, workmen's compensation, theft and personal accident
Ghana Re Kenya: capital and shareholding
| Shareholder | In % |
| Ghana Re | 100% |
| Share capital | 8 780 000 USD |
Ghana Re Kenya: technical ratios
| 2020 | 2021 | |
| Net loss ratio | 34.60% | 36.68% |
| Net management expenses ratio | 52.85% | 45.99% |
| Net combined ratio | 87.45% | 82.67% |
Ghana Re Kenya: management
| Madeleine Nangayo | Regional manager |
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)
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