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International

Insurance sector opens in Rwanda

March 02, 2015 Reprints

The regulatory and supervisory framework implemented by Rwanda's central bank some time back has led to the entry of new insurers in the country, East African Business Week reports.

The insurance sector's capital is increasing tremendously because of new entrants, central bank governor John Rwangombwa said.

Total assets of the insurance industry increased to 265 billion Rwandan franc ($384.89 million) in 2014 from RWF 230.6 billion ($334.9 million) in 2013.

Gross premium totaled RWF 82 billion ($116.1 million) as of year-end 2014.

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Insurance sector opens in Rwanda

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