GCR Upgrades ZEP-RE Rating on Stable Outlook
Exposure to comparatively riskier markets, counterbalanced by support through preferential treatment cited as reasons behind stable outlook
International Company’s Biggest Investment in Africa Lands in Zambia
PTA Reinsurance Company, ZEP-RE has opened a multimillion-dollar Business Park in Lusaka, Zambia.
The facility, which will also house ZEP-RE Zambia offices, is the largest single investment by the Company in the Eastern and Southern African region since its establishment in 1990.
The nine-floor star-shaped-environmentally-friendly building...
Insuretech Sure Way to Growth, Players Told
According to Association of Kenya Insurers industry report for 2018, insurance penetration in Kenya dropped to 2.43% of Gross Domestic Product (GDP), the lowest in more than a decade
ZEP-RE records 17% growth in written premium in 2018
ZEP-RE (PTA Reinsurance Company) recorded a marked growth in written premium in the financial year ending December 31, 2018 of USD178.5 million up from USD152.1 million recorded in 2017, representing a 17% growth.
The Company, however, experienced a significant rise in claim, a regionwide phenomenon...