Our Footprint

Continental Reinsurance currently operates from six strategic locations across the continent through a combination of regional and subsidiary offices.

Our Footprint

The group’s non-life gross written premium grew by 36% in 2019 over the performance in 2018 from NGN30.03 billion to NGN40.87 billion.

The group’s performance in 2019 is further confirmation of the continued viability of Continental Re’s geographical expansion strategy. This has helped to further achieve penetration into and deepening of our markets and resulted in spreading and diversification of risk. As earlier stated, for effective coverage of the African continent, Continental Re currently operates in six strategic locations across the continent through a combination of regional and subsidiary offices.

In 2019 the Lagos business constituted 42% of the total non-life business compared the previous year’s contribution of 43%. On the other hand, Nairobi and Gaborone subsidiary contributed 25% and 15% compared to the contribution of 22% and 14% respectively in 2018. Douala subsidiary contributed 4% while Tunis and Abidjan offices contributed 9% and 4% each to the total non-life premium.

Life business grew significantly in 2019 by 63% to NGN6.79 billion from NGN4.16 billion in 2018.

Africa

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The group’s non-life gross written premium grew by 36% in 2019 over the performance in 2018 from NGN30.03 billion to NGN40.87 billion.

Life business grew significantly in 2019 by 63% to NGN6.79 billion from NGN4.16 billion in 2018.

Group life contributed 95% of the total premium of NGN6.79 billion generated in 2019, down by 2% from 97% contribution in 2018. This mix still shows the continued dominance of the Group life business, a trend expected to continue over the next couple of years mainly due to the impact of the Nigerian pension reform act where the bulk of the premiums are generated. The trend is however expected to taper as the individual life business is beginning to gain more acceptance.

Our core service products

We offer services across the full spectrum of non-life and life business lines. Our clients enjoy unparalleled reinsurance underwriting, claims, advisory and training services.

Our Offices

Lagos office