Corporate Governance Statement

Welcome to WAICA Reinsurance Corporation Plc’s Corporate Governance Statement. At WAICA Re, we are dedicated to maintaining the highest standards of corporate governance, ensuring transparency, accountability, and ethical conduct in all aspects of our operations.

Board of Directors

Our Board of Directors, composed of experienced professionals with diverse expertise, is committed to providing strategic guidance, overseeing management, and safeguarding the interests of our stakeholders.

Ethical Conduct

Integrity, honesty, and fairness are at the core of our business practices. We adhere to rigorous ethical standards in our interactions with clients, partners, employees, and the communities we serve. Our ethical framework is embedded within our corporate culture and reflected in our policies and procedures.

Risk Management

We recognize the importance of robust risk management in achieving our objectives and protecting stakeholder interests. Our risk management framework is designed to identify, assess, and mitigate risks across all areas of our operations, ensuring resilience and sustainable growth.

Whistleblowing

At WAICA Re, we encourage a culture of transparency and accountability. Employees are empowered to raise concerns about misconduct or unethical behavior through our confidential whistleblowing channel: https://forms.office.com/r/BSbUqAnHiW. Reports are handled with utmost confidentiality, and we ensure no retaliation against whistleblowers. All reports are thoroughly investigated, and appropriate actions are taken to address any substantiated issues.

Stakeholder Engagement

We value stakeholder input and actively engage with them to understand their concerns and incorporate feedback into our decision-making processes. Regular communication and feedback mechanisms are in place to foster transparent and meaningful engagement.

Compliance and Regulatory Oversight

WAICA Re is committed to compliance with all applicable laws, regulations, and industry standards. We maintain robust compliance and regulatory oversight mechanisms to ensure adherence to legal and regulatory requirements, as well as industry best practices.

Continuous Improvement

Continuous improvement is a fundamental aspect of our corporate governance approach. We regularly evaluate our governance practices, benchmark against industry standards, and adopt best practices to enhance our governance framework continually.

Conclusion

At WAICA Re, we remain steadfast in our commitment to upholding the highest standards of corporate governance. Effective governance is essential for achieving our strategic objectives, maintaining stakeholder trust, and driving sustainable business success.

For any inquiries or concerns regarding corporate governance or whistleblowing, please contact whistle@waicare.com.