List of insurance companies in Kenya

In Kenya we have a very low penetration insurance cover. One could say that development and economic growth are the bedrock of insurance growth and perhaps over the coming years, the number of insured citizens in Kenya could increase if the economy equally improves. Here we are going to see a list of insurance companies in Kenya

Nonetheless, if you would like to get insured, this article lists all licensed insurance companies in Kenya according to the Insurance Regulatory Authority (IRA). 

What is the Insurance Regulatory Authority (IRA)?

IRA is the authority mandated with regulating, supervising and developing the insurance industry in Kenya.

IRA insurance goals include;

1. Promote consumer education and protection

2. promote an inclusive, competitive and stable insurance industry.

3. Offer quality customer service.

The national development agenda for IRA

1. Role of Insurance in national development

Insurance industry contributes to national development through providing broader insurance products and services, fostering entrepreneurial attitudes, encouraging investment, innovation, market dynamism and competition, offer social protection alongside the state, releasing pressure on public sector finance; enhancing financial intermediation , creating liquidity and mobilizing savings.

As major institutional investors, insurers pool resources and channel them towards investment opportunities thereby facilitating firms to access capital which contributes to national development.

2. Policy framework

As one of the key pillars of the financial services sector, the insurance industry is indeed central to the realization of financial services objectives as set out in the Vision 2030, a long-term development blueprint for the Country.

With the aim of deepening financial services and enhancing access to and inclusion, the Vision 2030 recognizes that as the economy expands and disposable incomes rise, there will be growth in insurable assets thereby generating demand for insurance services.

To achieve this, the Vision 2030 emphasizes the need to improve efficiency and outreach of insurance service providers, which can be achieved through consolidation, public education campaign, and investment in new technology that will enable the sector to widen its reach and coverage at minimal costs.

In turn, this will result in an increased contribution of the insurance industry to the Gross Domestic Product (GDP).

3. Consumer protection

With the promulgation of the Constitution 2010 and enactment of the Consumer Protection Act 2012 among other laws, focus on the consumer has and will continue to considerably gain momentum.

The implications of these changes is shifts in the nature of rights and responsibilities of a regulator viz a viz consumers of insurance services as regards access to information as well as standards of service delivery.

A central information problem that insurance consumers face is judging product quality due to the complexity of the contract, the contingent nature of many of the services provided (e.g. claims handling and payments) and the fact that services may be provided over time (e.g. investments).

As a result, product quality is difficult to ascertain prior to purchase hence the need for regulatory oversight given the implication of a consumer-driven market and intermediation.

List of Insurance Companies in Kenya.

They are regulated by the Insurance Regulatory Authority:

• AAR Insurance Kenya
• APA Insurance – part of Apollo Investments Company
• Africa Merchant Assurance Company (AMACO)
• Allianz ^[2]
• Apollo Life Assurance
• AIG Kenya Insurance Company
• British-American Insurance Company Kenya Limited
• Cannon Assurance Company Limited
• Capex Life Assurance Company
• CIC General Insurance ^[3]
• CIC Life Assurance ^[4]
• 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
• . Britam Insurance Company
• INFAMA Insurance Company Kenya

Contacts

Name	Business	Telephone	Address
1	AAR INSURANCE KENYA	Medical	0202895000	Real Towers, Hospital Road, Upper Hill
2	AFRICAN MERCHANT ASSURANCE	General	0738312121	Transnational Plaza, Mama Ngina Street, CBD
3	AIG INSURANCE COMPANY	General	0203676 000	Eden Square Complex, Westlands
4	ALLIANZ INSURANCE COMPANY	General	0204231400	Cavendish Block, 14 Riverside, Westlands
5	APA INSURANCE COMPANY	General, Life, Medical	0202862000/364	Apollo Centre, Westlands
6	BRITAM GENERAL INSURANCE	General, Life, Medical	0703 094000	Britam General Insurance, Elgon Road, Upper Hill
7	CANNON ASSURANCE COMPANY	General	0724259847	Gateway Business Park, Mombasa Road
8	CIC GENERAL INSURANCE COMPANY	General, Life, Medical	020-2823000	CIC PLAZA, Mara Road, Upper Hill.
9	CORPORATE INSURANCE COMPANY	General	0202717617	Corporate Place, Kiambere Road, off Lower Hill Road, Upper Hill
10	DIRECTLINE ASSURANCE COMPANY	General	0202242405	Hazina Towers, 17th Flr, Monrovia St
11	FIDELITY SHIELD INSURANCE	General	0204225000	Equatorial Fidelity Centre, Off Waiyaki Way, Westlands
12	FIRST ASSURANCE COMPANY	General, Medical	0722444117	First Assurance House, Cylde Gardens, Gitanga Road
13	GA INSURANCE COMPANY	General, Medical	020 271 1633/4	GA Insurance Ltd. 4th Fl. GA Insurance House, Ralph Bunche Road
14	GATEWAY INSURANCE COMPANY	General	0202713131	Gateway Place, Milimani Road, Milimani
15	GEMINIA INSURANCE COMPANY	General, Life	0202782000	Geminia Insurance Plaza, Kilimanjaro Avenue, Upperhill
16	HERITAGE INSURANCE COMPANY	General, Life, Medical	0202783000	LIBERTY House, Mamlaka Road
17	ICEA LION GENERAL INSURANCE	General	020 2750000	ICEA Lion Centre Waiyaki way Westlands
18	INTRA-AFRICA ASSURANCE	General	0202712607/11	Williamson House, 4th Ngong Avenue
19	INVESCO ASSURANCE COMPANY	General	0715316830	Bishop Magua Center, 3rd Floor Opp. Uchumi Hyper, Off Ngong Road
20	JUBILEE INSURANCE COMPANY	General, Life, Medical	0203281000	Jubilee Insurance Building, General Kago St, Nairobi, Kenya
21	KENINDIA ASSURANCE COMPANY		0202218380	Kenindia House, 12th Floor, P.O Box 44372 Utalii St.
22	KENYA ORIENT INSURANCE	General	020 2962000	1st Floor, Hughes Building, Muindi Mbingu St.
23	MADISON INSURANCE COMPANY	General, Medical, Life	0202864000	Madison Insurance House, Upper Hill Rd
24	MAYFAIR INSURANCE COMPANY	General	020 2999000	Mayfair Centre, Ralph Bunche Rd, Nairobi
25	OCCIDENTAL INSURANCE COMPANY	General	0202362602	Crescent Business Centre- Parklands, along Crescent Road
26	PACIS INSURANCE COMPANY	General	0204452560	Centenary House, Ring Rd, Westlands
27	PHOENIXOF EAST AFRICA	General	0732178000	AMBANK House, University Way
28	RESOLUTION HEALTH INSURANCE	General, Medical	0202894000	Parkfield Place, Muthangari Drive, Off Waiyaki Way, Westlands
29	SAHAM ASSURANCE	General, Life	0202742662
30	TAKAFUL INSURANCE OF AFRICA	Sharia compliant	020 2725134	CIC Plaza, Mara Road, Upper Hill, Nairobi
31	TAUSI ASSURANCE COMPANY	General	0202312681/85/93	Tausi Road, Off Muthithi Road,Westlands
32	THE KENYAN ALLIANCE INSURANCE	General	0722 205286	Chester House Ground & 1st Floor, Koinange Street
33	THE MONARCH INSURANCE	General	0202452182	Olenguruone Rd, Nairobi City
34	TRIDENT INSURANCE COMPANY	General, Medical	0202721710	Capitol Hill Towers, Cathedral Road Upperhill
35	UAP INSURANCE COMPANY	General, Life, Medical	0202850000	Bishop Road, Bishops GardenTowers, Upperhill
36	XPLICO INSURANCE COMPANY	General	0203642000	Park Place, 2nd Avenue, Parklands, Off Limuru Road