News and Events

Kenya Re hosts Life Technical Insurance Seminar

The Corporation hosted a Life Technical Insurance seminar at the Sarova Stanley hotel in Nairobi on 3rd and 4th September.  The seminar was attended by over 40 participants from 20 different insurance players from Kenya. Some of the companies represented during the training were Sanlam, Gemina Insurance, and East Africa Insurers among many others. The MD Mr. Jadiah Mwarania thanked the participants and urged them to acquire all the knowledge that they can in order to grow the industry and take it to the next level.

 

The Corporation is committed to offering world class re-insurance services and this can only be possible if the insurance companies are well vast with the reinsurance offering. This can only be achieved by constantly educating the cedants on the trends in the reinsurance industry both locally and globally. 

 

The seminar was very interactive where the participants asked questions using real life scenarios that they have experienced in their different companies. They were also pleased by the facilitator’s use of real life examples especially from global insurance companies and how the same can be replicated in Kenya. The areas covered in the training were the definition and origin of reinsurance, reinsurance benefits, basic forms of reinsurance, proportional and non-proportional re-insurance treaties, re-insurance treaty wordings and profit commission computation. The participants indicated the need to more of such trainings with a focus on global re-insurance trends in the non-life category.

 

The Corporation hopes to have similar trainings covering different areas that are key to the markets reinsurance needs in a bid to grow the practical knowledge base of the people working in the industry.

At the end of the seminar the attendees were awarded certificates from Mr. Mwarania for their participation in the seminar and were also treated to a cocktail session on behalf of the Corporation thereafter.

 

 

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