Kenya Reinsurance

What Kenya Reinsurance does

Kenya Reinsurance Corporation Limited (Kenya Re) is a Nairobi-headquartered, state-owned reinsurer established by Act of Parliament in December 1970 and the oldest reinsurer in Eastern and Central Africa. The company provides treaty and facultative reinsurance coverage across property & casualty, life & health, marine, aviation, and agriculture classes to primary insurance companies across Africa, and operates a Retakaful (Islamic-compliant reinsurance) window. Kenya Re is listed on the Nairobi Stock Exchange and delivers its services through wholly-owned subsidiary offices in Uganda (East Africa), Zambia (Southern Africa), and Côte d'Ivoire (West Africa), with 101-250 employees and a property investment portfolio spanning Reinsurance Plaza, Anniversary Towers, and Kenya Re Towers in Nairobi.

The company's revenue model is built on reinsurance premiums ceded by primary insurers, with terms negotiated on an individual underwriting basis and billed annually; pricing is not publicly disclosed. Beyond its three core reinsurance product lines (Property & Casualty, Life & Health, Retakaful), Kenya Re operates the Kenya Re Training Academy, a free professional development program delivered across Africa in partnership with the College of Insurance Kenya, Protos, and ASACI Abidjan. The go-to-market is sales-led and relationship-driven, executed through regional offices, industry event sponsorships (including the 11th Our Ocean Conference 2026), and targeted client engagement in expansion markets such as Angola and India.

Kenya Re's strategic agenda currently includes seeking regulatory approval to establish operations at India's GIFT City financial hub (targeting the $129.78B Indian insurance market) and a proposal led by Group Managing Director Dr. Hillary Wachinga for a national flood risk insurance pool in Kenya under a public-private partnership framework. The corporation is regulated by the Insurance Regulatory Authority (IRA) of Kenya and led by Group Managing Director Dr. Hillary Wachinga.

Name

Kenya Reinsurance

Legal name

Kenya Reinsurance Corporation Limited

Website

https://kenyare.co.ke

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

101–250 employees

Short description

Kenya Reinsurance Corporation Limited is a Nairobi-based, state-owned reinsurer — the oldest in Eastern and Central Africa — providing treaty and facultative reinsurance across property, casualty, life, health, and retakaful lines to primary insurers throughout Africa via wholly-owned subsidiaries in Uganda, Zambia, and Côte d'Ivoire.

Ownership category

akta.pro rank

Product category

Reinsurance Services

NAICS

Reinsurance Carriers (524130)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311)

akta.pro primary industry

Property Treaty Reinsurance (FSAOAEAC)

akta.pro secondary industries

Casualty Treaty Reinsurance (FSAOAEAD), Life Treaty Reinsurance (FSAOAEAA), Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk) (FSAOAFAD), Agriculture / Crop & Livestock Reinsurance (FSAOABAO)

Keywords

• Reinsurance services
• Treaty reinsurance
• Facultative reinsurance
• Retakaful solutions
• Risk transfer solutions

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Reinsurance Premiums: Kenya Re generates revenue through providing reinsurance coverage to primary insurers. The company accepts both treaty and facultative reinsurance business across multiple insurance classes including property, casualty, life, health, and retakaful (Islamic insurance).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Kenya Reinsurance Corporation Limited (Kenya Re) provides treaty and facultative reinsurance solutions across Africa and beyond. Its core offerings cover Property & Casualty reinsurance (including marine, aviation, and agriculture), Life & Health reinsurance, and Retakaful (Sharia-compliant Islamic reinsurance), supported by the Kenya Re Training Academy for industry capacity building. The company serves primary insurance companies across East, West, and Southern Africa.

Product overview

Kenya Reinsurance Corporation operates as a single unified reinsurance service provider offering comprehensive reinsurance solutions across Africa and beyond. The company's core product portfolio consists of Property & Casualty Reinsurance (covering non-life risks such as property, casualty, marine, and aviation), Life & Health Reinsurance (covering mortality and health-related risks), and Retakaful (Islamic-compliant reinsurance). These three reinsurance lines form the primary business, while the Kenya Re Training Academy provides supplementary professional development services to the insurance industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Property & Casualty Reinsurance Provides treaty and facultative reinsurance coverage for non-life insurance risks including property, casualty, marine, aviation, and other specialized risk classes for primary insurance companies across Africa.
• Life & Health Reinsurance Provides reinsurance services for life insurance and health insurance products, covering mortality, morbidity, and related risks for life and health insurers.
• Retakaful Provides Sharia-compliant reinsurance (retakaful) solutions for takaful operators and Islamic insurance providers operating in jurisdictions requiring Sharia-compliant products.
• Kenya Re Training Academy Provides professional training and capacity building programs for insurance industry professionals across Africa, covering topics such as Advanced Fire underwriting, Takaful, Reinsurance Accounting, IFRS reporting, Construction Risks analysis, and AI in insurance.

Quantifiable outcome

• Proposed national flood risk insurance pool to cover Sh10-30 billion annual flood losses with insured claims of approximately Sh5 billion in 2025

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• GIFT City (India)coreStrategic or Co-development Partner · 1 January 2026Kenya Re is seeking regulatory approval to establish operations in India's GIFT City (Gujarat International Finance Tec City), a low-tax financial hub. The company aims to access India's $129.78 billion insurance market estimated to be the world's tenth largest. GIFT City offers a 10-year tax holiday and allows reinsurers to follow their home regulators' solvency norms rather than India's stricter 150% requirement.
• Insurance Regulatory Authority (IRA) of KenyacoreOthersKenya Re is licensed and regulated by the Insurance Regulatory Authority (IRA) of Kenya as a professional reinsurance entity providing life and non-life reinsurance services.
• Lloyd's of LondonminorStrategic or Co-development PartnerKenya Re and Lloyd's of London are among global reinsurers seeking to establish operations in India's GIFT City, competing to access India's growing reinsurance market.
• Samsung ReminorStrategic or Co-development PartnerKenya Re and Samsung Re are among global reinsurers seeking to establish operations in India's GIFT City financial hub.
• Mapfre ReminorStrategic or Co-development PartnerKenya Re and Mapfre Re are among global reinsurers seeking to establish operations in India's GIFT City financial hub.
• College of Insurance KenyaminorStrategic or Co-development PartnerKenya Re partners with the College of Insurance Kenya for training programs including Legal Framework Governing Insurance Underwriting and IFRS reporting courses.
• ProtosminorStrategic or Co-development PartnerKenya Re collaborates with Protos for Corporate Governance & Leadership training targeting senior executives.
• ASACI (Abidjan)minorStrategic or Co-development PartnerKenya Re partners with ASACI in Abidjan for Analysis of Construction Risks training in partnership.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Munich Re: Munich Re is one of the world's largest global reinsurance groups, offering property-casualty, life and health reinsurance. It is comparable as a broad incumbent with overlapping lines, although its scale and global diversification are much larger than Kenya Re's.
• Mapfre Re: Mapfre Re is the reinsurance arm of MAPFRE and provides global treaty and facultative reinsurance capacity. It is a broader incumbent peer because it competes in international reinsurance markets and is cited alongside Kenya Re in relation to GIFT City entry.

Direct peers

• African Reinsurance Corporation: African Reinsurance Corporation is a pan-African reinsurer providing treaty and facultative reinsurance across multiple lines. It is highly comparable because Kenya Re also targets African insurance cedants with multi-line reinsurance capacity.
• Continental Reinsurance: Continental Reinsurance is an African reinsurer offering property, casualty, life and specialty reinsurance to insurers across the continent. It overlaps with Kenya Re's pan-African, multi-line treaty and facultative reinsurance proposition.
• ZEP-RE (PTA Reinsurance Company): ZEP-RE is a regional African reinsurer headquartered in Nairobi and serving insurance markets across Eastern, Southern and broader Africa. It is directly comparable to Kenya Re in geography, cedant base and reinsurance business model.
• East Africa Reinsurance Company: East Africa Reinsurance Company is a Kenya-based reinsurer serving local and regional insurance companies. It is comparable as a regional reinsurance carrier competing for East African cedant relationships.

Regional players

• Ghana Reinsurance PLC: Ghana Reinsurance PLC is a national reinsurer providing treaty and facultative reinsurance in Ghana and broader West Africa. It is comparable to Kenya Re's West African expansion through its Cote d'Ivoire office.
• Uganda Reinsurance Company: Uganda Reinsurance Company provides reinsurance capacity to Ugandan and regional cedants. It is comparable because Kenya Re also operates in Uganda and competes in the same East African cedant ecosystem.
• Tanzania Reinsurance Company: Tanzania Reinsurance Company is a national/regional reinsurer focused on Tanzanian and East African insurance markets. It is comparable to Kenya Re as an African reinsurance carrier serving primary insurers with risk-transfer capacity.
• CICA-RE: CICA-RE is a regional reinsurer serving the CIMA insurance markets in West and Central Africa. It is comparable because Kenya Re is building a West African presence and offers similar reinsurance capacity to African cedants.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/KenyaReinsurance
• LinkedInlinkedin.com/company/kenya-reinsurance-corporation
• Xx.com/kenya_re

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kenya Reinsurance