On Thursday 4th July 2024, Kenya Re Group Managing Director, Dr. Hillary Wachinga, paid a courtesy visit to the Ethiopian Insurance Corporation (EIC). As the largest insurance company in Ethiopia, EIC holds a dominant position in the market, reflecting its extensive reach and influence. Being wholly owned by the Ethiopian government, EIC benefits from substantial financial backing and policy influence. The GMD was hosted by EIC Chief Executive Officer Mr. Netsanet Lemessa.
EIC offers a wide range of insurance products, including life insurance, motor insurance, property insurance, marine insurance, and health insurance. Besides primary insurance, EIC also provides reinsurance services to other insurance companies in the region.
The visit aimed to explore strategic partnerships and collaborations, which could open new opportunities for both organizations by leveraging their respective strengths and market positions. It also provided a valuable opportunity to understand the Ethiopian market dynamics and regulatory environment, offering insights for strategic planning and expansion.
This meeting represents an opportunity to foster closer ties, explore mutually beneficial initiatives, and reinforce the strategic position of both corporations in the regional insurance industry and enhance Kenya Reinsurance Corporation's influence and presence in the East African insurance market.
Dr. Hillary Wachinga was accompanied by General Manager Reinsurance Operations - Beth Nyaga.
