Magazine date:
Jan 2022 | African reinsurers | Country | Net combined ratios | Average combined ratio | ||
|---|---|---|---|---|---|
| 2020 | 2019 | 2018 | |||
Munich Reinsurance of Africa | South Africa | 99% | 103% | 93% | 95.33% |
Africa Re | Nigeria | 97.85% | 96.14% | 96.93% | 96.97% |
Swiss Re Africa | South Africa | 117% | 104% | 103% | 108% |
Société Centrale de Réassurance | Morocco | 90.47% | 84.59% | 92.20% | 89.09% |
General Re. Africa | South Africa | 120% | 103% | 98% | 107% |
Compagnie Centrale de Réassurance | Algeria | 79.03% | 84.99% | 84.06% | 82.69% |
Hannover Life Reassurance Africa | South Africa | - | - | - | - |
RGA Re | South Africa | - | - | - | - |
Zep Re (PTA Re) | Kenya | 99.60% | 96.10% | 100.30% | 98.67% |
Hannover Reinsurance Africa | South Africa | 108% | 93% | 101.00% | 100.67% |
Kenya Re | Kenya | 104.27% | 109.73% | 106.52% | 106.84% |
CICA Re (1) | Togo | 78.84% | 84.96% | 84.20% | 82.67% |
African Reinsurance Corporation | South Africa | 99.25% | 104.24% | 106.42% | 103.30% |
Continental Re | Nigeria | 93% | 96% | 87.52% | 92.17% |
WAICA Re | Sierra Leone | 88.75% | 91.12% | 96.00% | 91.96% |
SCOR Africa | South Africa | 95% | 90% | 93.00% | 92.67% |
Tan Re | Tanzania | 89.20% | 89.52% | 90.56% | 89.76% |
GIC RE (2) | South Africa | 140.93% | 89.53% | 116.20% | 115.55% |
Tunis Re | Tunisia | 96.90% | 99.60% | 108.00% | 101.50% |
Ghana Re | Ghana | 91.64% | 104.49% | 101.04% | 99.06% |
Africa Retakaful | Egypt | ND | ND | ND | ND |
NamibRe (2) | Namibia | 89.52% | 81.45% | 75.62% | 82.20% |
East Africa Re | Kenya | 101.25% | 94.32% | 101.58% | 99.05% |
Sen Re (1) | Senegal | 80% | 104% | 93.00% | 92.33% |
NCA Re (1) | Côte d'Ivoire | 80.67% | 81.70% | 53.94% | 72.10% |
Continental Re Kenya | Kenya | 89.65% | 90.10% | 95.20% | 91.65% |
Ethiopian Re (3) | Ethiopia | 90.08% | 90.50% | 98.70% | 93.09% |
SCG-Ré (1) | Gabon | 67.60% | 63.90% | 68.71% | 66.74% |
Globus Re | Burkina Faso | ND | ND | ND | ND |
Uganda Re | Uganda | 115.59% | 108.11% | 86.00% | 103.23% |
Grand Re | Zimbabwe | 83.85% | 80.18% | 80.92% | 81.65% |
ZB Re | Zimbabwe | 91.66% | 97.68% | 93.88% | 94.41% |
Tropical Re | Zimbabwe | 94.71% | 76.19% | 89.94% | 86.95% |
Zep Reinsurance | Zimbabwe | 131.19% | 174.07% | 93.88% | 133.05% |
Emeritus General Re | Zimbabwe | 112.28% | 98.48% | 90.96% | 100.57% |
Ghana Re Kenya | Kenya | 87.45% | 89.29% | 113.15% | 96.63% |
FBC Re | Zimbabwe | 155.64% | 135.55% | 107.75% | 132.98% |
Waica Re Zimbabwe | Zimbabwe | 112.65% | 232.92% | 404.93% | 250.17% |
Waica Re Kenya | Kenya | 73.38% | 88.25% | ND | 80.81% |
First Mutual Re | Zimbabwe | 179.65% | 88.59% | 101.18% | 123.14% |
Zambia Re | Zambia | 82.34% | 75.58% | ND | 78.34% |
Emeritus Re (Life) | Zimbabwe | - | - | - | - |
FBC Re Life | Zimbabwe | - | - | - | - |
First Mutual Re (Life & Health) | Zimbabwe | - | - | - | - |
Zep Re Life | Zimbabwe | - | - | - | - |
| Region average | 100.21% | 99.32% | 103.07% | 100.87% | |
(1)) Gross combined ratio
(2) Year ending in March
(3) Year ending in June
NA: not available
The companies Aveni Re (Côte d’Ivoire), GN Re (Ghana) and Nigeria Re (Nigeria) are not included as their 2019/2020 data is not available.
Read also | African reinsurers: ranking according to turnover [4]
