There are many insurance firms in Kenya. If you are looking for insurance cover, then you need to consider the best insurance companies in Kenya. Life is full of uncertainties and many times, life does not go as planned. That’s why many people get insured to transfer the risk to a third party. You can insure life or property in Kenya. Unfortunately, only a small percentage of Kenyans have some form of insurance. In this article, we will highlight some of the leading insurance companies in Kenya.
1. Jubilee Insurance
Jubilee Insurance is the best insurance company in Kenya for corporates and employees. It offers insurance products to businesses and individuals. Jubilee insurance offers Motor Insurance, Health Insurance, Home insurance and Education Insurance. It is operational in Kenya, Burundi, Tanzania and Uganda. It has received numerous awards for its customer services, risk management and good leadership.
2. Britam Insurance
Britam Insurance is also a leading insurance company in Kenya. It started operations in Kenya in 1965. It has one of the best life insurance; Afya Tele health microinsurance. It is listed in the Nairobi Securities Exchange and is operational in Kenya, Rwanda, Mozambique, Malawi, South Sudan, Uganda and Tanzania. It offers a wide variety of insurance products like asset management, property management and banking. It has received numerous awards for integrity, innovation and customer support.
3. CIC Insurance Group
CIC Insurance Group also tops in the list of best insurance companies in Kenya. It has the best home insurance cover. It is one of the oldest insurance firms in Kenya having started operations in Kenya in 1968. It offers the following insurance products; Life insurance, Health insurance, asset management, flexible insurance, money market fund and financial services. You can insure your home against fire, explosion, terror attack, robbery, or theft with CIC Insurance.
4. APA Insurance
APA Insurance is an insurance company in Kenya that specializes in General insurance and Health insurance. APA Insurance was formed after the merger of Apollo Insurance and Pan Africa Insurance. APA insurance offers a wide variety of General insurance like motor, marine, agriculture and microinsurance.
5. UAP Old Mutual Insurance
UAP Old Mutual Insurance is a leading insurance company in Kenya. It is operational in East Africa, South Sudan and Congo. It offers a wide variety of products like savings, banking, insurance and investment. Among the insurance products it offers are travel insurance, motor insurance, education insurance and health cover.
6. ICEA Lion Group
ICEA started in 1964 and is among the oldest insurance companies in Kenya. However, ICEA Lion Group was started in 2011 after the merger between Insurance Company of East Africa (ICEA) and Kenya Insurance Company Limited in 2011. ICEA Lion Group is best known for General insurance and Life Assurance. It has received an award as the best life insurer 4 years consecutively; from 2013 to 2016.
7. AAR Insurance
AAR Insurance is one of the leading Health insurance companies in Kenya. It was started in 1984. Initially, it started as an ambulance by air and road for accident victims. Later, it started offering Health Insurance services. Its Health Insurance policy has a comprehensive cover for maternity, psychiatric treatment, congenital conditions. It also covers the costs of purchasing medicine, treatments and consultations.
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8. Madison Insurance
Madison Insurance is the best insurance company for children's education. Bima ya Karo is an education insurance product by Madison Insurance. Madison Insurance was started in 1988 and helps parents who want to set aside money for their children's education. Madison Insurance also has other insurance products like Health insurance and investment management.
9. Sanlam Insurance
Sanlam Insurance is an insurance company in Kenya offering insurance, financial planning, retirement, investment and wealth management products. It offers insurance products to businesses and individuals. It was the first insurance company to list shares on NSE in Kenya. Currently, it is operational in over 32 African countries, Australia, the UK and the US.
Summary of the Best Insurance Companies in Kenya
When shopping for an insurance cover, go for a reputable insurance company. Also, you need to shop around before committing to a particular insurance company. You can land a better deal with wider coverage at a cheaper rate. The above are some of the insurance companies you can consider when buying insurance in cover.