Life insurers work in a dynamic environment: medical progress, demographic trends, and changing lifestyles constantly give rise to new risk landscapes. This demanding situation is made even more challenging by stricter laws and regulations and ever tougher competition.
Our reinsurance services are geared towards the individual needs of our clients through creative thinking and smart innovation. We transact all classes of Life Reassurance business and offer both Treaty and Facultative capacity across all range of insurance lines. With specialist knowledge of Life products, we offer tailored and sustainable reinsurance solutions to cedants, more so with respect to Services and Technical support, Underwriting/Risk assessment, Claims Administration, Pricing, Development of New Products and Capacity Building Support, among others.
Ways in which we can partner together for our mutual benefit include:
Services and Technical support
East Africa Re offers a comprehensive array of underwriting services that meet our goal of providing both strength and flexibility to our valued customers. EA Re has a team of reinsurance professionals with a wealth of experience.
Medical underwriting is a fundamental element of life and health risk assessment. Well-founded underwriting guidelines and a thorough review of an applicant’s medical history enable insurers to provide their customers with competitive pricing while minimizing risk. EA Re supports quality management processes in underwriting. EA Re has got access to a user-friendly, web-based and world re-known underwriting software.
EA Re’s clients benefit from a rapid turnaround on underwriting opinions.
We recognize the importance of the results of claims settlement and recoveries services. Our job is to ensure that this happens efficiently.
Capacity Building Support
We believe in the power of shared knowledge and, as part of its reinsurance relationship, East Africa Re offers its clients workshops, seminars and on-the-job training to help them stay abreast with the latest trends in the industry. Our annual seminars offer a platform to develop and enhance insurance expertise as well as expanding network among professionals in the industry. We also conduct short duration customer-focused trainings designed to suit the customer needs.
New business in life insurance is characterized by competition for the best risks. To win these, you need attractive products that address real needs, while at the same time promising sustainable profitability.
Our solution offerings involve research, experience analysis and product innovation. In an increasingly competitive business environment, our team of highly qualified professionals can bring market leading expertise and actuarial support in the development of product specifications and pricing assumptions to help our customers launch innovative products to retain and grow their chosen markets.
Life Retrocession Programme
Our Life Retrocession Programme is placed with high quality and financially stable top rated securities to which we have unparalleled access to their technical support and expertise.
Large Case Capacity
East Africa Re maintains close relationships with a global network of retrocessionnaires, which allows us to quickly secure available capacity to underwrite and place large risks so that our clients can write more business.
We are committed to ensure that we offer the best possible client services on a mutually beneficial relationship. We are currently developing a strong portfolio in the region.