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 | 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@waicare.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