Elias Omondi is a seasoned financial sector professional with over 15 years of experience in actuarial science, insurance regulation, and financial market development across Africa and beyond. He leads the design and implementation of pioneering programmes that catalyze risk transfer solutions and strengthen enabling environments for risk markets on the continent. His work focuses on building climate resilience, fostering innovation, and mobilising insurance to support inclusive and sustainable growth.
He has worked closely with regulators in inmsurance, capital markets and banking to craft progressive policy and regulatory frameworks. His career also spans impactful assignments with the World Bank Group, International Monetary Fund (IMF), and GIZ across Africa and Asia. At the Insurance Regulatory Authority of Kenya (IRA), Elias spearheaded reforms including the development of the Risk-Based Supervision framework, calibration of Risk-Based Capital models, and the establishment of Kenya’s pioneering Insurtech Sandbox (BimaBox) and Insurtech Incubation Hub (BimaLab).
Elias has also advised over 20 central banks and insurance regulators globally, supporting the design of supervisory frameworks, statutory templates, and innovative disaster risk financing solutions. His expertise bridges technical actuarial practice, regulatory policy, and strategic programme leadership, making him a trusted partner for governments, development institutions, and private sector stakeholders seeking to advance inclusive finance and risk management. Elias also serves as Chairman of the Inclusive Insurance Forum at the International Actuarial Association.
Elias holds an MSc in Actuarial Management from Bayes Business School (City, University of London) and a BSc in Actuarial Science (First Class Honours) from Maseno University. He is a Associate Actuary of the Institute and Faculty of Actuaries (UK) and has further completed executive programmes and certifications in Microinsurance (Frankfurt School of Finance & Management), ESG and Impact Investing (Frankfurt School of Finance & Management), and Sustainable Finance (Smith School, University of Oxford).
