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HomeShareholdersList of insurance companies in Kenya

List of insurance companies in Kenya

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