WAICA Reinsurance Corporation PLC

🌍 Honored to Speak at the Shared Value ESG Summit in Nairobi! Our Group Head ERM and Compliance, Monday Utomwen, had the privilege to showcase WAICA Re’s commitment to aligning Enterprise Risk Management (ERM) with sustainable economic growth across Africa. Our shared value approach has driven substantial contributions to economic stability and resilience across the continent over the last decade. Key Economic Contributions: Claims Payouts: Over USD 320 million paid in claims over the past 10 years, providing critical financial support to insurers and enhancing economic resilience in local communities. Management and Administrative Expenses: WAICA Re has invested USD 143 million in management and administrative expenses, bolstering local employment and supporting economic activity in our operating regions. Commission Expenses: Through USD 280 million allocated to commissions, we empower local/international brokers and agents, expanding access to insurance and fostering market development. Alignment with SDGs: SDG 8 – Decent Work and Economic Growth: Our investments support sustainable economic activities and job creation across the continent. SDG 9 – Industry, Innovation, and Infrastructure: By increasing reinsurance capacity and promoting ERM best practices, WAICA Re strengthens the African insurance sector's infrastructure. SDG 13 – Climate Action: We embed climate-risk management into our ERM framework, helping to build resilience against environmental challenges. Our journey reflects WAICA Re’s commitment to creating shared value, building trust, and contributing to a sustainable and prosperous future for Africa. #SustainableDevelopment #ERM #SharedValue #ESG #SDGs #EconomicImpact #WAICARe #Reinsurance #Africa #Sustainability

At WAICA Re Kenya, we are proud to be part of the sponsors of the 18th Annual AIBK Conference, happening from 6th to 9th November 2024 at Sarova Whitesands Beach Resort and Spa, Mombasa.   This year’s conference theme, “Disruptive Dynamics – What Next?”, resonates with our commitment to embracing change, preparing for the future, and building an ecosystem where innovation thrives and solutions to today’s challenges are created, together.   We wish you a successful conference as a company we are glad to be part of conversations that drive sustainable growth and innovation in the Insurance Industry.

Friends of WAICA Re Kenya at the Nairobi Hospice Charity Golf Tournament on 1st November 2024, proudly representing our brand. The proceeds from this event support Nairobi Hospice’s mission to make cancer treatment and palliative care accessible to underserved communities. We are honored to contribute to a cause that brings hope to many.

Teeing Off for a Cause, WAICA Re Kenya was one of the sponsors of the Nairobi Hospice Charity Golf Tournament that was held on 1st November 2024 at Karen Country Club. The tournament champions and contributes to the funding of the inpatient unit of Nairobi Hospice, enabling the organization to extend their services to marginalized individuals within the community and making a positive impact to those most in need. Through this sponsorship, we support Nairobi Hospice's mission to bring accessible cancer treatment and palliative care to underserved communities. David Kudoyi AIIK, ACII, our Senior Manager (Technical) was present at the event, representing the Company in our commitment to giving back to the community as part of our CSR initiatives

Photos from last weekend’s 3.0 Reinsurance Managers Retreat held at Ogere Resort, hosted by the Nigeria office. The event brought together our team for insightful discussions, team-building activities, and strategic sessions, all set against the beautiful backdrop of Ogere. This retreat was a fantastic opportunity to strengthen professional connections, share knowledge, and align on our shared goals for the future. Looking forward to the growth and successes ahead!

In a world of global uncertainties the need to plan cannot be overemphasized. The Group Board and Executives of WAICA Re were privileged to have Dominic Christian, Global Chairman - AON Reinsurance in the beautiful island of Mauritius during our 2024 Strategic Retreat. His presentation focused on the Global Reinsurance landscape, trends, challenges and opportunities.

Our team’s strength lies not just in our work, but in our passion and drive. Kudos to the WAICA Re Kenya team for stepping up and giving it their all at the 2024 Standard Chartered Nairobi Marathon - part of our CSR initiatives. By participating in this marathon, we support the Standard Chartered’s Futuremakers program that is a global youth economic empowerment initiative, tackling inequality and promoting greater economic inclusion.

The WAICA Re Kenya team of philip wangili and Rahab Kariuki, ACII, Chartered Insurer visited the Tanzanian market where they were warmly received. We are honored to reconnect with you our business partners - Asanteni sana

WAICA Re Kenya says, Congrats to our partners in the Ugandan Insurance Market, for hosting the 5th ITC International Insurance Conference. Digital transformation is the future of insurance. As a company, we are honored to be one of the sponsors of this event scheduled for 23rd to 25th October 2024, aimed at giving practitioners and stakeholders an opportunity to analyse ideas and discuss the latest trends in the insurance sector in view of the current developments. We are committed to embracing the digital revolution, leveraging state-of-the-art technology to enhance reinsurance capacity, streamline operations, and drive sustainable growth. The Insurance Training College

A two-day training seminar was held at the WAICA Re office in Douala from October 17th to 18th, 2024. We recorded forty clients attending the training.