Insurance companies in Kenya are regulated by the Insurance Regulatory Authority.
Major insurance companies in Kenya include:
1. AAR Insurance Kenya
AAR insurance is primarily a health insurance kenya company that started operation in 1984 as an air and road ambulance service and operated under the name Africa Air Rescue.
The company’s products were designed to meet the needs of travelers on safari, tourists and professionals working in remote places.
It is a subsidiary of AAR Healthcare Holdings Limited operating in Kenya as one of the leading medical service provider.
2. APA Insurance – (part of Apollo Investments Company)
It is one of the leading general insurers in Kenya. APA Insurance caters to both individuals and corporates across the country with its wide range of insurance solutions as well as services that go beyond insurance.
3. Africa Merchant Assurance Company (AMACO)
AMACO is a general insurance company that was formed to provide insurance service for merchants.
The company has since grown to become one of the leading insurers in Kenya.
Some of the insurance products sold by the company include Merchant Commercial, Fire and Perils, Travel Insurance, Consequential Loss, Burglary Insurance, Professional Indemnity, Contractors All Risks, and Public Liability, among others.
4. Allianz Kenya
Allianz Group is a worldwide leader in Insurance and Asset Management. The group has presence in more than 70 countries covering all continents including Africa.
The global footprint gives the company a wide pool of knowledge and an unrivaled expertise in underwriting all classes of insurance.
In Kenya, Allianz is registered as Allianz Insurance Company of Kenya Limited, “Allianz Kenya” and is licensed and regulated by the IRA – Insurance Regulatory Authority.
Allianz Kenya provides a window to the expertise and financial stability of the Allianz Group by providing insurance products to protect individuals, families and corporates residing in Kenya.
5. Apollo Life Assurance
Apollo Life Assurance Ltd is a member of the Apollo group. The Apollo group also comprises APA insurance, which is the general insurance arm of the group.
The company specialises in Life Assurance products and is well known for its professionally-managed services.
The current focus of the company is to grow its product portfolio to meet the emerging needs of younger insurance consumers.
Benefits
Provides a wide range of insurance services such as motor insurance, health insurance kenya
Has non-standard insurance products directed at unique market needs
6. AIG Kenya Insurance Company
Formerly known as Chartis Kenya – and Alico earlier – they have operated locally since 1972, growing to become a market leader in general insurance countrywide.
It is a majority-owned subsidiary of AIG Inc, while the minority shareholding is held by Commercial Bank of Africa that offer a wide range of products and risk management services to both commercial and consumer markets.
AIG traded as Chartis in Kenya and other parts of the world – apart from the US – until November, 2012.
7. Britam Holdings Limited
Britam Holdings Limited, previously known by as British-American Investments Company, is a diversified financial services group and is listed on the Nairobi Securities Exchange.
The group offers a wide range of financial products and services in insurance, asset management, property, and bankingin the African Great Lakes region.
Britam’s headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, South Sudan, Rwanda, Tanzania, Malawi, and Mozambique.
Other insurance companies in Kenya include;
Cannon Assurance Company Limited
Capex Life Assurance Company
CIC General Insurance
CIC Life Assurance
Continental Reinsurance
Corporate Insurance Company
Directline Assurance Company
East Africa Reinsurance Company
Fidelity Shield Insurance Company
First Assurance Kenya Limited[5]
GA Insurance Company
Geminia Insurance Company
ICEA LION General Insurance Company
ICEA LION Life Assurance Company
Intra Africa Assurance Company
Invesco Assurance Company
Kenindia Assurance Company
Kenya Orient Insurance
Kenya Reinsurance Corporation
Klaim Insure Insurance Company
Liberty Life Assurance Kenya Limited
Madison Insurance Company Kenya
Mayfair Insurance Company
Mercantile Insurance Company
Metropolitan Life Insurance Kenya
Occidental Insurance Company
Next Car Insurance Kenya
Old Mutual Life Assurance Company
Pacis Insurance Company
Phoenix of East Africa Assurance Company
Pioneer Assurance Company
Real Insurance Company
Resolution Insurance Company
Sanlam Kenya plc – was Pan Africa Life Assurance
Takaful Insurance of Africa
Tausi Assurance Company
Heritage Insurance Company
Jubilee Insurance Company Limited
Monarch Insurance Company
Trident Insurance Company
UAP Insurance Company
UAP Life Assurance Company
Xplico Insurance Company
INFAMA Insurance Company Kenya
