Top 5 Best Reinsurance Companies In Kenya (2024 Licensed)
What’s the most trusted reinsurance company in Kenya today? Let’s find out in this article.
What are Reinsurance Companies?
Reinsurance companies, also known as reinsurers, are companies that provide insurance to insurance companies.
In other words, reinsurance companies are companies that receive insurance liabilities from insurance companies.
It is important to realize that, similar to any other businesses, insurance companies require protection against risk.
Insurance companies manage their risk through a reinsurance company.
Basically, how it works is that, primary insurer (the insurance company) transfers policies (insurance liabilities) to a reinsurer (the reinsurance company) through a process called cession.
Cession simply refers to the portion of the insurance liabilities transferred to a reinsurer.
This is very similar to the way individuals pay insurance premiums to insurance companies, insurance companies pay insurance premiums to reinsurers for the transfer of insurance liabilities.
In Kenya, there are a number of reinsurance companies that claim to be the best in the Kenyan industry.
But when you are looking for a reinsurance company for your business, you want a trusted, qualified, registered and licensed reinsurance company to work with.
Below is the list, ranked in no particular order, of licensed reinsurance companies in Kenya, their physical locations and contact details.
List Of Licensed Reinsurance Companies In Kenya:
1. Continental Reinsurance Limited
Physical Location: 197 Lenana Place (4th Floor), Lenana Road Nairobi
Call: +254 20 2429392/3, 020-5137701
Email: [email protected]
2. East Africa Reinsurance Company Limited
Physical Location: EARe House, 98 Riverside Drive
Call: +254 733 623737 , +254 728 11104, +254 20 4084000
3. Kenya Reinsurance Corporation Limited
Physical Location: Reinsurance Plaza, Nairobi, Kenya,
Contact: +254 703 083 000, +254 20 220 2000
Email: [email protected]
4. WAICA Reinsurance (Kenya) Limited
Physical Location: Real Towers Annex, Hospital Road, Upper Hill, Nairobi
Contact: +254 20 2722000
Email: [email protected]
5. Ghana Reinsurance Company (Kenya) Limited
Location: TRV Office Plaza, 58 Muthithi Road, Suite 2D, Westlands
Contact: +254 20 3748974/5