
Kenya Reinsurance Corporation
Banking + 2 more
Description
Academic Qualifications
- Bachelor’s degree in actuarial science, Statistics, Mathematics, Insurance, Commerce (Insurance/ Finance/Accounting/Marketing), Business Administration, Strategic Management, or equivalent from a recognized institution.
- Master’s degree in actuarial science, Commerce, Business Administration (MBA), Strategic Management, or equivalent from a recognized institution.
Professional Qualifications
- Associate of the Chartered Insurance Institute (ACII) or Fellowship (FCII) – London or Kenya.
- Full membership of the Insurance Institute of Kenya (IIK) or equivalent professional body, in good standing.
- A senior leadership or management course lasting not less than four (4) weeks from a recognized institution.
- Proficiency in computer applications.
- Must satisfy the requirements of Chapter Six of the Constitution of Kenya 2010.
Experience
- At least fifteen (15) years of relevant experience in insurance/reinsurance, with a minimum of ten (10) years in senior management roles.
- Demonstrated experience managing Life reinsurance, international treaty/facultative business, and business development functions.
- Proven track record of engaging with Boards of Directors and leading high-performing teams.
Responsibilities
Strategic Portfolio Oversight
- The role has overall responsibility for Life Reinsurance, Local Market Operations, International
- Treaty, International Facultative, Marketing & Business Development, and Retrocession placements.
Business Growth, Marketing and Market Development
- Lead marketing and business development strategies to grow market share across local, international treaty, and international facultative business.
- Identify new opportunities and develop innovative reinsurance products and solutions.
- Oversee the preparation and delivery of competitive quotations, pricing, rating terms, and underwriting conditions.
Stakeholder Engagement and Relationship Management
- Build and maintain strong relationships with cedants, brokers, retrocessionaires, and regulators in local and international markets.
- Provide strategic reports, business intelligence, and technical advisory to the Board and Senior Management.
- Ensure high client satisfaction, retention, and fulfilment of Kenya Re’s statutory mandate.
Underwriting, Technical and Financial Performance
- Provide executive leadership in underwriting and portfolio management across all business lines.
- Lead the strategic retrocession placements and negotiations to secure optimal risk transfer, capacity, and favorable terms from global retrocessionaires.
- Draft, review, and negotiate treaty and facultative agreements in line with Kenya Re’s policies and regulatory requirements.
- Ensure timely collection of premiums, commissions, and receivables.
- Oversee management of mandatory cessions and run-off accounts.
Claims Management
- Oversee end-to-end claims handling for Group Life and Individual Life reinsurance business,
- including death, disability, and other treaty-related claims.
- Review outstanding loss reserves, IBNR provisions, and claims adequacy.
- Ensure prompt, fair, and compliant claims settlements.
Data, Analytics and Reporting
- Coordinate regulatory data submissions to the Insurance Regulatory Authority (IRA).
- Analyse actuarial and market statistics to support valuation, reserving, and strategic planning.
- Monitor performance across all portfolios.
Governance, Risk and Compliance
- Champion strong governance, internal controls, risk management, and full statutory compliance.
- Prepare and monitor divisional budgets, work plans, and performance contracts.
People Leadership and Organizational Effectiveness
- Lead, mentor, and develop a high-performing team within the Reinsurance Operations Division.
- Promote a culture of professionalism, innovation, accountability, and service excellence.
- Perform any other duties assigned by the Group Managing Director
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