ZEP-RE : A 25-Year Commitment to Quality Service
ZEP-RE is realising its mission to provide first-class security and market-leading services to its clients via a customer-driven focus and a workforce committed to local professionalism and responsibility
Zep-Re
Insuring Africa's development Zep-Re are working towards becoming a leading reinsurer in Africa Writer Matt Bone Project Manager Nick Norris Zep-Re traces its roots back to 21st November 1990 when it was created by an agreement of Heads of State and Government for the COMESA (Common Market for Eastern and Southern Africa) region in Mbabane, Swaziland. It was mandated to promote trade in the insurance and reinsurance sector of the region and is headquartered in Nairobi, Kenya. The company has been in operation since 1993 and has regional offices in Douala, Lusaka, Harare, and a Retakaful window in Khartoum, Sudan. Zep-Re also provides Takaful reinsurance solutions. Takaful insurance is a type of Islamic insurance, where members contribute money into a pooling system in order to guarantee each other against loss or damage. Takaful branded insurance is based on Sharia, Islamic religious law, and explains how it is the responsibility of individuals to cooperate and protect each other. Zep-Re's operational activities are driven by the desire to provide excellent technical services to all their clients and to actively participate in and support the development of the region's insurance and reinsurance industry. Working with Partners In these times when business presents itself in increasingly complex risks, Zep-Re strives to provide its clients with more than the traditional reinsurers have offered their clients in the past. Zep- Re has adopted a holistic approach to client services by striving to provide a wide range of services aimed at helping the client meet their goals with minimum fuss. The company understand…
Zep-Re
Towards a better future This is a great time to be involved in Africa as a territory as the demand for insurance and reinsurance continues to grow. Africa Outlook profiles ZEP-RE (PTA Reinsurance Company), a specialised institution of COMESA and a regional reinsurance player in Africa. Writer Ian Armitage Project manager Nick Norris Demand for insurance and reinsurance continues to grow globally, but nowhere as quickly as in Africa. Africa has been the second-fastest growing economy in the world, with GDP increasing on an average of five percent a year. The middle class ranks are swelling, driving demand for goods and services. Africa is also resident to the fastest growing youth demography in the world, well-educated and better informed; a growth opportunity waiting to be tapped. Demand for insurance products, new or otherwise, is building and should balloon. There is immense potential. One company that is very much aware of this is ZEP-RE, a COMESA institution created 20 years with the sole aim of promoting insurance trade in Africa. "It is an exciting time in Africa and we feel we are in the right place at the right time," says Hope Murera, the firm's general manager. ZEP-RE was set up in 1990 by the member states of COM ESA common market for Eastern and Southern Africa) and started reinsurance underwriting on January 1, 2003 under the name of PTA Re, with its headquarters in Nairobi. With an authorised capital of $100 million and a market that stretches from Djibouti to Senegal and Libya to South Africa,…
