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Micro-Insurance and Re-Insurance

Writerman 6:49 AM Financial Services
  • Pension sub-sector: 1 mandatory public pension scheme (RSSB) and voluntary pension schemes: 62 complementary occupational pension schemes and personal retirement savings accounts
  • Insurance sub sector:  9 non-life insurers, 4 life insurers, 2 public medical insurers, 15 insurance brokers, three hundred and eighty five (385) insurance agents, fifteen (15) loss adjusters.
  • Foreign exchange market: 88 licensed forex bureaus and 1 Forex Bureau Association
  • Capital market: Equity market: 7 listed companies (4 cross-listed from Nairobi Stock Exchange) in banking, commercial, telecommunication, manufacturing, and media sectors; Bond market: 11 outstanding government bonds 2 corporate bonds with coupon rates ranging from 11.5% to 13.5% and maturities of 3 to 15 years and still growing. 9 stock brokers as members of Rwanda stock exchange. The market is capitalized at $ 3.6 billion (Rwf 2,740,185,563,676).

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