Listed financial services firm Britam Holdings Limited is mulling over cross-listing its shares in neighbouring countries to give investors in the region a chance to buy into the company. Group managing director Benson Wairegi said the company plans to list its stock in Rwanda, Uganda and Tanzania. Britam has spent Sh3 billion on installation of a digitised platform for all operational processes. Mr Wairegi says new industry regulations will have an impact on how insurance companies are run, with more focus being on risk management. Under the risk-based regulation, insurance companies will no longer have a uniform capital level but each now has a separate capitalisation based on risk insured.

Source: Daily Nation November 27, 2016 17:37 UTC