FAQ
»Corporate info
»Products & Services
»Investment info
»News & Events
»Careers
»FAQ »»»
»Feedback
 1. What is ZEP-RE (PTA Reinsurance Company)?

- ZEP-RE (PTA Reinsurance Company) is an institution of the Common Market for Eastern and Southern Africa charged with the responsibility of promoting trade, development and integration in the insurance and reinsurance sector.

2. When was ZEP-RE formed?

- ZEP-RE was formed on 23rd November 1990 through an Agreement of Heads of State and Governments of the region in Mbabane, Swaziland.

3. Who are the Signatory Members States ?

- The signatory Member States to the Agreement establishing ZEP-RE include; Angola, Burundi, Comoros, Djibouti, Eritrea, Kenya, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Rwanda, Somali, Sudan, Tanzania, Uganda, Zambia and Zimbabwe.

4. When did ZEP-RE establish office and where is it headquartered?

- ZEP-RE first established office in August 1992 in Nairobi, Kenya where it is currently headquartered. The Company commenced writing reinsurance business on 1st January 1993.

5. What are the objectives of ZEP-RE?

- The objectives of the Company are: -

  • To foster the development of the insurance and reinsurance industry in the COMESA Sub-Region;
  • To promote the growth of national, sub-regional and regional underwriting and retention capacity; and
  • To support sub-regional economic development.


6. What operational functions is ZEP-RE mandated to do to achieve its objectives?

- The following are the functions the Company is mandated to carry out:
  • Transact reinsurance business through treaty and facultative cessions in respect of all or some classes of insurance inside as well as outside the Sub-Region;
  • Create and administer pools for various risks for the account and to the interest of the sub-region's insurance and reinsurance markets;
  • Facilitate the training of insurance and reinsurance industry personnel in the Sub-Region;
  • Provide technical assistance to the insurance and reinsurance institutions of the Sub-Region;
  • Invest its funds in the Sub-Region in a manner that promotes economic development, provided the Company may invest outside the Sub-Region to meet its operational and/or technical requirements;
  • Promote contacts and business co-operation among national insurance and reinsurance institutions in the Sub-Region; and
  • Undertake other activities incidental to its operations, but excluding the underwriting of direct insurance business.