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W. African insurer banks on faster processing of claims for growth
Besides the specialised risk covers, the firm will also be scrambling for motor, fire, marine, engineering and life reinsurance deals. FILE PHOTO | NMG
The newest entrant to Kenya’s insurance sector, West African Insurance Companies Associations Reinsurance (Waica-Re) Corporation, is banking on prompt processing of claims to wrestle a significant share of the regional terrorism, oil, gas and aviation deals from local rivals.
The Sierra Leone-headquartered reinsurer, which set up shop in Nairobi this week, got an operating permit from the Insurance Regulatory Authority last October after waiting for more than a year.
