NAIROBI, Kenya, Feb 16 – The Kenya Reinsurance Corporation (Kenya Re) will partner with local insurers to create a pool of specialized professionals in cyber security and climate change.
The capacity-building initiative will be launched through the recently established Kenya Re Academy and will enroll local professionals in diverse insurance risk areas.
Speaking at an inaugural award ceremony, Kenya Re Group Managing Director Hillary Wachinga said that the cooperation is focusing on enhancing industry knowledge and building skill sets in line with the evolving nature of the business.
He noted that the cooperation had launched the incentive program to encourage prompt premium payments by insurers to help the national reinsurer meet its reinsurance obligations and safeguard its profitability.
“By contributing to our profitability, you give us the impetus and the financial resources to invest in research, development, and innovation,” Wachinga said.
“You also contribute to the growth of the local insurance and the reinsurance sector and improve the national economy since we retain more premiums locally,” he added.
