PRESS RELEASE

African Reinsurance Corporation

Socit Africaine de Rassurance
04 June 2015

Africa Re launches African Insurance Awards

In 2014, Africa Re, the largest African indigenous reinsurance company decided to
celebrate the leaders, companies and innovations of the continental insurance
industry.
The first awards took place during the 42nd African Insurance Organisation (AIO)
conference in Tunis on 25 May 2015, with over 800 guests.
According to Mr. Corneille Karekezi, the Group Managing Director and CEO of
Africa Re The key objective of the African Insurance Awards is to promote the
development of insurance in Africa by honouring distinguished companies and
leaders of insurance companies that have raised exceptional standards of
competence and achievement and demonstrated unprecedented level of insurance
industry leadership.
Therefore the aim of the African Insurance Awards is to:

Reward and celebrate leaders, best performers and achievers in the African
insurance industry;
Identify and stimulate distinctive innovations in the insurance sector in
Africa;
Encourage sustainable growth in terms of insurance premium combined
with business profitability in the sector; and
Provide added value by sharing progress and best practices in the
development of insurance in Africa.

The following are the winners of the 2015 African Insurance Awards
CEO of the Year 2015 - Mr. Patrick Tumbo, CEO of Jubilee Ins. Co. of Kenya Ltd
Insurance Company of the Year - MISR Insurance Company of Egypt
Innovation of the Year - Mutual Benefits Assurance Plc. of Nigeria