Kenya Reinsurance Corporation established the subsidiary in Zambia in order to service the Southern African region. The subsidiary obtained its trading license in August 2016 and proceeded to have its official launch in November 2016.
2017 was the first full year of operations and the subsidiary opened its doors to the public from its office in Kabulonga, Lusaka. The subsidiary’s purpose is to provide seamless stability in the region, while its mission is to provide sustainable risk and financial solutions hence furthering the purpose of the parent company.
Some of the Key deliverables to achieve Profitable Growth include but not limited to;
- Grow Premium Revenue
- Grow Investment income
- Premium Collection
- Timely and effective processing of claims in line with our SLAs with cedants
- Marketing, client engagement, and follow-up on new treaties and renewals to grow the business.
- Prudent selection of risks within the Southern Africa market
- Following up and processing of Cedant Technical Accounts
Key Markets (Cedants)
The Zambia subsidiary serves the following countries:
The subsidiary has since grown premiums written year-on-year and continues to advance with serving its chosen markets and creating value for them.