The Group emerged from SORAS, Rwanda’s first private insurance company which launched operations on 15 November 1984. SORAS GROUP currently boosts of three subsidiaries
companies specialized in Insurance business. SORAS GROUP also holds equity investments and stake in successful local firms. The increase year to year in both assets and equity value is a reflection of SORAS GROUP’s solid corporate governance, appropriate investment decisions and the Group’s core values of Quality, Integrity and Professionalism which guide every decision, investment and commitment we make.
SORAS GROUP is the leading insurer in Rwanda and has started to tackle the regional market, with specialization in General Business Insurance and Life Insurance which are offered via its subsidiaries SORAS Assurances Générales Ltd , SORAS Vie Ltd and SOCAR sa (based in Burundi) which is composite insurance company dealing both with General Business and life insurances. It partners with worldwide powerful reinsurance companies including MUNICH RE, AFRICA RE, CICA RE, SCOR, SUISS RE, ZEP RE and BEST RE. It is also a member Multilingual Pan African Network-GLOBUS. SORAS Assurances Générales Ltd is the leading
provider of vehicle insurance, damaged property insurance, transport insurance, liabilities insurance, insurance of persons, medical insurance and the newly weather index insurance while SORAS Vie Ltd offers education insurance plan, credit protection insurance plan, retirement insurance plan and death borrower insurance plan.
SORAS GROUP is one of the largest investors in Rwanda’s rapidly growing commercial properties market. The Group has so far made substantial investments in apartments---ALTIS Apartments and Prima 2000 apartments for the high-end market in Kigali and SORAS Group, in 2015, will start the construction of a modern 10 storey building named “SORAS Towers” with a total area of about 15 000 m2 (2 levels of underground parking, commercial spaces on ground and first floors, 2 office towers from 2nd to 7th floor). The building will be located in Kigali City Center at Avenue de l’armée behind BRD, in front of St. Michel Cathedral.
As our vision, we intend to play the role of the leader in the field of Insurance and operate in targeted niche in areas of Finance and Real Estate in Rwanda and extend operations to the neighboring economies. With a threefold mission, SORAS GROUP seeks to ensure profitable and sustainable growth for our shareholders, offer to our customers’ high quality
products and services and to promote our staff members’ professionalism and welfare.
SORAS GROUP offers services and products with an international quality touch. Hence it is widely recognized both locally and internationally for its commitment to quality. In December 2012, SORAS GROUP was awarded the “International Diamond Prize for Excellence in Quality” by the European Society for Quality Research (ESQR) further cementing our commitment to Quality, Excellence and continuous improvement in our products and services.