SWOT and PESTLE analysis of Kenya Re Limited

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.

SWOT and PESTLE analysis of Kenya Re Limited

SWOT and PESTLE analysis of Kenya Re Limited/Photo

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

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    • Changing environmental conditionst

     
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