Following are the top and best Kenya insurance companies. Insurance companies offer various insurance services to individuals, groups or companies to manage future risks.
The role of this insurance company in Kenya is to help policyholders or their clients manage risk efficiently. It help through the products they offer and pay for the claims covered by the policy.
Currently in Kenya, According to 2019 statistics by Insurance Regulatory Authority there is a lot Kenya insurance companies. They have 54 licensed insurance companies offering various insurance products as shown in the list below.
List of insurance companies in Kenya
Here is a list of the best insurance companies in Kenya:
1. Britam Insurance
Britam is part of the British American Insurance Company Limited and is also listed on the Nairobi Securities Exchange.
The insurance company offers a wide range of services including: asset management, property management and banking. The company also provides innovative products that include Afya Tele, a health microinsurance targeting SMEs and registered groups of 10 or more people.
This year the company won the Excellence Award in the Tall Building, and the 2019 Urban Habitat Award (CTBUH) and was named the best life insurance at the Association of Kenya Insurance Agents (AKI) 2019.
Is one of the largest insurance companies in East Africa consisting of four companies namely: ICEA LION Group, ICEA LION General Insurance, ICEA LION life insurance, ICEA LION asset management, and ITSL Trust Company Limited.
Then, In October 2019, the company became the first company in Kenya to introduce cancer insurance in Kenya for its members aged between 18 and 59 years.
3.Direct Line Insurance
It is a significant public service vehicle insurance company in Kenya serving since 1998.
Furthermore, the Company has also been classified as the country’s first niche underwriter to focus solely on motor vehicle insurance.
4. Old Steam Mutual Insurance
The group is a financial services conglomerate headquartered in Nairobi, Kenya, and has subsidiaries in East Africa and South Sudan and the Congo.
So, Insurance Companies Offer financial solutions for insurance investment, savings and banking. Then, They offer insurance services for motor vehicle insurance, travel insurance, education insurance, family health protection, money savings, and retirement plans.
5. CIC Group Insurance
The CIC Group serves among the oldest insurance providers, then the Group specializes in customized and flexible insurance and financial services for its customers.
Offers general insurance, life insurance, health insurance, asset management, and CIC pension services and CIC money market funds.
AAR is the market leader in health insurance in Kenya. Later, the company started in 1984 as an air and road ambulance service as African Air Rescue before joining the insurance space.
As an insurance company through Unlicare’s AAR coverage, individuals enjoy comprehensive coverage covering chronic and congenital conditions, maternity consultation and care and psychiatric care including MRI prescription drugs and much more included in the coverage.
7. Liberty Insurance
It is a subsidiary of the Liberty ownership group, and has more than 25 branches operating nationwide.
This insurance provider offers complete personal and vehicle accident policies for individuals, businesses and companies.
The company also specializes in various insurance services, including travel, home and health insurance solutions.
8. Sanlam Insurance
Previously Pan African Insurance Sanlam Insurance is a public limited company that specializes in offering a wide range of financial services.
Then, the Company has been around for almost a century now with
9. Sanlam Insurance
Previously Pan African Insurance. Sanlam Insurance is a public limited company that specializes in offering diversified financial services.
Then, The company has been around for almost a century now with a current amount of up to $60 billion and an international footprint. Also, the company has interests in 32 African countries, India, Malaysia, USA, UK and Australia.
Areas of expertise include insurance, financial planning, retirement, investment and wealth, with comprehensive and customized business solutions for individual and institutional clients.
Then, They offer products such as financial planning, retirement planning, investment and wealth and other comprehensive and customized business solutions for individuals and institutions.
10. Madison Insurance
It is a locally owned commercial service provider founded in 1988 as a privately owned limited company. Then, Insurance companies cover life and health insurance.
Today, the company boasts an asset base of up to Ksh 5 Billion.
Other products under the Madison group are health insurance and investment management and currently manage a portfolio exceeding Kshs 10 million.
Then, Some of the popular products offered by Madison insurance include a tuition fee policy called “Bimakaro” where customers have access to funds as low as Kshs 10,000.
11. Kenindia Insurance
Insurance companies exist as partnerships between Indian insurance companies operating in Kenya to form a dynamic merger. Then, Their products consist of general insurance covering fire, marine, personal vehicle, and personal accident.
Health insurance covers individual and family, corporate health plans and health care plans.
Then, Life insurance covers 15 years cash back, capital gains, group life, and staff retirement benefits.
12. Xplico Insurance
Xplico provides solutions to individuals and businesses including SMEs and large partnerships in Kenya and East Africa in areas such as microhealth, sports, travel, aviation, marine, trade, and credit and structure finance.
Then, This company is a specialist insurance company that reasonably covers existing and new risks that are not cover by most insurance companies.
13. Kenya Orient Insurance
Orient Kenya Insurance Company has been on the market for more than 30 years now in the insurance industry. Then, Insurance companies offer all types of general insurance and currently have unique product packages that are slowly becoming mainstream. The company specializes in cell phone cover insurance and home covers.
Then, Other products include life insurance operating under Kenya Orient Life Assurance which offers life insurance and retirement planning solutions for individuals, groups of people and companies.
14. Jubilee Insurance
It is a wholly subsidiary of Jubilee Holding Limited which is a multinational insurance company specializing mostly in Motor Vehicle Insurance, Home Health Insurance and Education Insurance.
This year the company was the best general insurance in the Association of Insurance Agents of Kenya (AKI) 2019.
15. Allianz Insurance
The Allianz Group is a world leader in insurance and asset management. Today the company offers its services on all continents in more than 70 countries.
Thus, the Company is a insurance company in Kenya and provides insurance products to protect individuals, groups, families and local companies.
Then, insurance companies offer personal insurance services for motor vehicle insurance, motorcycle insurance, home insurance, immigration bonds and health insurance.