Kenya Re is a Kenyan reinsurance company based in Nairobi. The company was formed in 1970 and it can be found across Africa and Asia. The reinsurance services offered by the company include public liability, machinery breakdown, accidents, miscellaneous classes, aviation, motor, life and fire and amongst others.
Summary of Kenya Re Company profile
- Company name: Kenya Reinsurance Corporation
- Location: Reinsurance Plaza, Nairobi, Kenya,
- Business sector: Insurance
- Revenue: Ksh 12.7 billion as per financial year ending 2016
- CEO: Mr. Jadiah Mwarania
- Competitors: AAR Insurance Kenya, Madison Insurance Company Kenya, Kenya Orient Insurance, UAP Insurance Company, AIG Kenya Insurance Company, CIC General Insurance
- Kenya Re official website: https://www.kenyare.co.ke/
- Kenya Re official Facebook page: https://www.facebook.com/pages/Kenya-Reinsurance-Corporation-Limited/
- Kenya Re official twitter handle: https://twitter.com/kenya_re
- Kenya Re official contacts: Tel. +254 703 083 000, +254 20 220 2000, Email: kenyare@kenyare.co.ke, (+254703083210 & +254703083212 Complaints Office),
- Common company tags: Global partner in securing risk.
SWOT analysis of Kenya Re
The following is the SWOT analysis of Kenya Re
Strengths
- Skilled workforce
- Reliability
- High level services
- Flexibility
Weaknesses
- Capital crisis
- Combined operation ratio fall
Opportunities
- Untapped Kenyan insurance market
- New services
Threats
- Competition
- Evolution in technology
PESTLE analysis of Kenya Re
The following is the PESTLE analysis of Kenya Re
Political
- Political uncertainty in the country
- Terrorism
- Deregulation of insurance market
Economical
- Taxing policy
Social
- Change in demography
Technological
- Advanced technology and data analytics
Legal
- Strict and increased regulatory demands
Environmental
- Changing environmental conditionst
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