The Kenya Reinsurance Corporation is planning to venture in sharia-compliant business as it seeks to expand its presence in the growing Islamic finance segment. The local reinsurer has confirmed that it will start ReTakaful insurance in the country and the areas where it already has a presence in West Africa and the Middle East markets.
“There is a change in the insurance market and we want to take full advantage when it fully blossoms,” said the firm’s managing director, Mr Jadiah Mwarania, during an interview at the head office in Nairobi………………………………………..Full Article: Source