Country Dashboards

Population
15 mn
2021
GDP (USD)
US$7 bn
2021
gdp/capita
US$487
2021
Inflation rate
4.6%
2021

Insurance Premiums

Total Premiums
Insurance Regulatory Authority
Institution
N/A
Contact
N/A

Regulatory Provisions

Scope of insurance regulation and supervision
Overarching principle in insurance supervision unknown
Requirement for minimum insurance rates No
Cross-border insurance allowed Yes
Licensing
Bancassurance is allowed No
Allowed ownership structures Translation missing: en.country_dashboard.allowed_ownership_structures_values.0
Foreign ownership restrictions No
Minimum capital requirement N/A
Minimum paid-up share capital N/A
Requirement for independent audits No
Requirement to appoint actuaries No
Premium rate approval needed No
On-Going Supervision
Solvency referred to as the difference between assets and liabilities No
RBC (Risk-based capital) principles applied No
Ceded reinsurance is regarded as a permissible asset No
Compulsory insurance lines N/A
Compulsory reinsurance cessions No
Insurance companies in difficulties
Established guarantee or policyholder protection fund No
The Africa Re office that supports this location is:
Nairobi Regional Office