Insurance & Reinsurance

Sector overview

Insurers are balancing IFRS 17 reporting, risk-based capital regimes, growing bancassurance and digital distribution, and heightened scrutiny of claims handling. We help underwriters, actuaries and compliance teams keep growth and control moving at the same speed.

Key regulators

5 tracked

Insurance Regulatory Authority (Kenya)

Insurance Regulatory Authority of Uganda

Tanzania Insurance Regulatory Authority

National Bank of Rwanda

National Bank of Ethiopia

What we cover

Focus areas for Insurance & Reinsurance.

01

IFRS 17 & reporting

Contract grouping, CSM tracking and disclosure packs that tie back to the regulatory returns.

02

Risk-based capital

Capital adequacy modelling, ORSA-style self-assessments and capital-management plans.

03

Product governance

Approval trails, fair-value assessments and product reviews that stand up to supervisory review.

04

Claims & fraud

Claims-handling standards, fraud analytics and reserving adequacy reviews.

05

Distribution conduct

Bancassurance, agency and digital-channel oversight with clear intermediary accountability.

06

Reinsurance & concentration

Treaty structure reviews, counterparty exposure and catastrophe-risk concentration.

Regulatory radar

Recent developments across the region.

Market Intelligence

Oct 2025

Kenya · National Treasury / CMA / CBK medium impact enacted

Virtual Asset Service Providers Act, 2025

Introduces a licensing and supervisory regime for virtual asset service providers, including AML/CFT obligations such as the travel rule. Banks and payment providers dealing with VASPs need updated risk assessments.

Aug 2025

Kenya · Central Bank of Kenya high impact effective

Risk-based credit pricing anchored on the KESONIA benchmark

The revised risk-based credit pricing model requires variable-rate loans to be priced off the Kenya Shilling Overnight Interest Average (KESONIA) plus a disclosed premium, with transition timelines for existing facilities and new disclosure obligations.

Jan 2025

Ethiopia · Ethiopian Capital Market Authority medium impact effective

Ethiopian Securities Exchange begins trading

The launch of the Ethiopian Securities Exchange, under a new capital-markets regulator, opens listing, disclosure and market-conduct obligations for issuers and intermediaries.

Dec 2024

Kenya · Central Bank of Kenya high impact enacted

Minimum core capital for banks rising to KSh 10 billion by 2029

Amendments to the Banking Act raise the minimum core capital for commercial banks in phases from KSh 1 billion to KSh 10 billion by 2029. Smaller banks face capital raises, mergers or new strategic investors, and boards need a credible, phased capital plan.

Practices that support you