List Of Insurance Companies In Kenya
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List Of Insurance Companies In Kenya
This is a list of some of the Insurance Companies carrying on insurance business in Kenya. They are regulated by the Insurance Regulatory Authority: * CIC Insurance Group Limited * Allianz * Madison Insurancehttps://www.madison.co.ke/ * British-American Insurance Company Kenya Limited * Cannon Assurance Company Limited * Mayfair Insurance Company Limited * First Assurance Kenya Limited * GA Insurance Company * Kenya Reinsurance Corporation * Liberty Life Assurance Kenya Limited * Metropolitan Life Insurance Kenya * Real Insurance Company * Sanlam Kenya plc – was Pan Africa Life Assurance * Heritage Insurance Company * Jubilee Insurance Company Limited * UAP Holdings * Resolution Insurance Ltd * Jazapay Insurance Agency * Pioneer Assurance Company Limited *Jimmy Chuka Uni insurance company See also * Insurance Regulatory Authority * Nairobi Securities Exchange * Economy of Kenya External links Insurance Regulatory Authority
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ...
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Insurance Companies Of Kenya
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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Economy Of Kenya
The Economy of Kenya is a market-based economy with a few state enterprises, it is also an emerging market and an averagely industrialised nation ahead of its East African peers. Kenya is a middle income nation and plans to be a newly industrialised nation in 2030. Major industries include agriculture, forestry, fishing, mining, manufacturing, energy, tourism and financial services. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, coming behind Nigeria and South Africa. The government of Kenya is generally investment-friendly and has enacted several regulatory reforms to simplify both foreign and local investment, including the creation of an export processing zone. An increasingly significant portion of Kenya's foreign financial inflows are remittances by non-resident Kenyans who work in the United States, the Middle East, Europe and Asia. As of September 2018, economic prospects were positive, with above 6% gross domestic product (GDP) growth expected. ...
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Nairobi Securities Exchange
The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. The exchange had 66 listed companies in February 2021. History Founding Nairobi Stock Exchange (1954-1999) The Nairobi Stock Exchange was established in 1954 as the in Nairobi, the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. Previous to its founding, dealing in shares and stocks started in the 1920s when it was the British colonial Kenya Colony (1920−1963), a part of the British Empire. A stock exchange was first floated in 1922 at the Exchange Bar in the Stanley Hotel in Nairobi. However, the market was not formal as there did not exist any rules and regulations to govern stock broking activities. Trading took place o ...
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Pioneer Assurance Company Limited
Pioneer commonly refers to a settler who migrates to previously uninhabited or sparsely inhabited land. In the United States pioneer commonly refers to an American pioneer, a person in American history who migrated west to join in settling and developing new areas. Pioneer, The Pioneer, or pioneering may also refer to: Companies and organizations * Pioneer Aerospace Corporation *Pioneer Chicken, an American fast-food restaurant chain *Pioneer Club Las Vegas, a casino in Las Vegas, Nevada, U.S. *Pioneer Corporation, a Japanese electronics manufacturer *Pioneer Energy, a Canadian gas station chain *Pioneer Entertainment, a Japanese anime company *Pioneer Hi-Bred, a U.S.-based agriculture company *Pioneer Hotel & Gambling Hall, Laughlin, Nevada, U.S. *Pioneer Instrument Company, an American aeronautical instrument manufacturer *Pioneer movement, a communist youth organization *Pioneer Natural Resources, an energy company in Texas, U.S. *Pioneer Pictures, a former American film studi ...
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Resolution Insurance Ltd
Resolution(s) may refer to: Common meanings * Resolution (debate), the statement which is debated in policy debate * Resolution (law), a written motion adopted by a deliberative body * New Year's resolution, a commitment that an individual makes at New Year's Day * Dispute resolution, the settlement of a disagreement Science, technology, and mathematics Mathematics and logic * Resolution (algebra), an exact sequence in homological algebra * Resolution (logic), a rule of inference used for automated theorem proving * Standard resolution, the bar construction of resolutions in homological algebra * Resolution of singularities in algebraic geometry Measurements * Resolution (audio), a measure of digital audio quality * Resolution (electron density), the quality of an X-ray crystallography or cryo-electron microscopy data set * Angular resolution, the capability of an optical or other sensor to discern small objects * Depositional resolution, the age difference of fossils c ...
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UAP Holdings
Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa, but has plans to be a pan-African insurance company. UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions. Overview The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, South Sudan, Rwanda, Tanzania, the Democratic Republic of Congo, and Mauritius. The Mauritius units are holding companies for the non-Kenyan operations. The flagship company of the group is UAP Insurance Kenya. History The Group's origins in Kenya date back to the 1920s when Provincial Insurance Company of East Africa was incorporated as a subsidiary of Provincial Insurance Company, an insurance group based in London, United Kingdom. The 1994 merger of (UAP) of France ...
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Jubilee Insurance Company Limited
The Jubilee Insurance Company of Kenya (JICK), mostly known as Jubilee Insurance, is an insurance company in Kenya, which has the largest economy in the East African Community. It is a wholly owned subsidiary of Jubilee Holdings Limited, a multinational insurance holding company, which maintains its headquarters in Nairobi, the capital of Kenya, with subsidiaries in Kenya, Tanzania, Uganda, Burundi, and Mauritius, with plans to expand on the African continent. History Jubilee Insurance was incorporated as a Kenyan financial services provider with headquarters in the coastal city of Mombasa. The company prospered and over the years, opened offices in other East African cities and towns, including Nairobi, Dar-es-Salaam and Kampala. The company also opened branches in the Indian city of Bombay and Karachi, Pakistan. On the Indian Ocean islands of Mauritius and Zanzibar. The company's parent, Jubilee Holdings Limited, was listed on the Nairobi Stock Exchange (NSE) in 1973, whe ...
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Liberty Kenya Holdings Limited
Liberty Kenya Holdings Limited is a major Kenyan Insurance company that is a subsidiary of the South African Liberty Holdings Limited, a Pan-African financial services company. The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya and Tanzania. The flagship company of the group is CFC Life, with headquarters in the CFC House along Mamlaka Road in Nairobi, Kenya's capital and largest city. History The group was founded in Kenya in 1964 as the Kenya American Insurance Company Limited as part of the AIG Group of companies. In 1987, the organization changed its name to American Life Insurance Company (Kenya) Limited – ALICO Kenya. CfC Bank holdings acquired ALICO Kenya in 2004 and changed its name to CfC Life Assurance Company Ltd. In 2008, CfC Bank holdings merged with Stanbic bank forming CFC Stanbic Bank Holding which was now a subsidiary of the Standard Bank Group. In 2011, Liberty Holdings Limited became the strategic investor in CfC Life and He ...
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Liberty Life Assurance Kenya Limited
The Liberty Life Assurance Kenya Limited, commonly referred to as Liberty Life, is a Kenyan life insurance company headquartered in Nairobi, Kenya. It is among the five largest life insurance companies in Kenya. It is a subsidiary of Liberty Kenya Holdings, which is an insurance holding company with headquarters in Nairobi. Liberty Life is licensed and regulated by the Insurance Regulatory Authority of Kenya (IRA), the Retirement Benefits Authority of Kenya (RBA) and is a member of the Association of Kenya Insurers (AKI). History Liberty Life Assurance Kenya Limited can trace its roots to 1964 when it was founded as Kenya American Insurance Company Limited; the company provided insurance services, investment solutions, education and retirement savings plans. In 1987 the company had a name change to American Life Insurance Company (Kenya) Limited, ALICO. Later, in 2004, ALICO was owned by CFC Bank (now Stanbic Bank) leading to a further metamorphosis of the organization's n ...
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