10 TOP INSURANCE COMPANIES IN KENYA

need to secure your business venture by
ensuring you cover up any risk that can arise
and hinder your business operations. The
question answer lies in your insurance - as in-
transferring your business risks to a third party
– an insurance company in your country
(Kenya). It means that you need the best of
insurance companies in your country to be safe
– avoid enterprises that are likely to go into
receivership or even collapse.
I will highlight the ten leading insurance
providers in Kenya. Insurance Companies are
formed to indemnify the insured if they incur a
loss arising from an insured risk. The company
put back the insured in the same state they
were before the loss occurred. There is a fierce
competition among the insurance businesses in
Kenya mainly focusing on health insurance and
motor vehicle insurance. Risks are eventualities
that happen without a plan resulting in a loss.
The top 10 insurance companies in Kenya
include:
Jubilee Insurance Company Jubilee insurance is
the country's leading insurance provider and the
best insurance company in East Africa. The
measure is by the parameters of market share
and gross premiums. The company has a
market share of approximately 11% making it
the dominant insurer in the country. Jubilee
Insurance is reputable for the provision of the
best medical insurance cover. The company has
a good risk management record. Jubilee has
embraced technology in the delivery of its
services to increase the quality of services they
offer clients.
Kenindia Assurance Company Kenindia is one of
Kenya's fastest growing insurance companies
regarding the market share they dominate.The
company commands a 9% market share of the
overall insurance market. The company came
into existence after some Indian insurance
companies operating within the Kenyan came
together to form a solid body.Kenindia is one of
Kenya’s first life assures that offer clients a
wide range of life insurance policy options. The
insurance policies cover that the company
offers include life, fire, and marine and motor
that are the most sought insurance covers by
clients.
APA Insurance Company APA has been in the
insurance market for a decade, and it has
recorded tremendous results. It holds a
substantial market share despite its short time
in the market.APA has developed a very
innovative package that has attracted clients to
take up covers with the company. It best
recognized for being the first insurer in Kenya to
offer protections for HIV/AIDS.The company's
strategy of coming up with insurance cover that
were not previously insurable made it easy for
the company to penetrate the market with ease.
The company was born as a result of the
merger between Pan African Insurance and
Apollo Insurance Company. APA Insurance
Company insurance company in Kenya seems to
be on the right track to taking a significant
share of the regional market.
Britam previously known as British American
Insurance Company offers a broad range of
insurance and related financial services. The
company has been in existence since 1920 and
has continued to enjoy growth regionally. The
increase attributes to the provision of superior
services to clients and tailoring their services to
suit the particular needs of the clients. The
insurer is reputable for its comprehensive life
assurance covers. Britam is an insurance
company in Kenya mainly owned by Kenyans
and managed by Kenyans.
UAP Insurance UAP offers a broad range of
products to consumers. Its products are tailored
to meet the existing market gap that is
indemnifying all possible risks to give clients
peace of mind. Risks are highly dynamic, and
UAP Company uses this opportunity to develop
new products in the market. The company
offers personal and business products. Under
the single tire, the company provides covers for
crop, livestock, home and motor insurance.
Under business insurance, the company
provides covers depending on the unique needs
of the enterprise.
The insurance company of East Africa ICEA is
one of Kenya's top 10 leading insurance
companies. The company has vested interest in
some economics sectors in the Kenyan
economy. The company long-term as well as
short-term insurance options.The company has
over the years enjoyed steady growth amidst
high competition from other insurers. The
company has establishments in the East African
countries.
Co-operative Insurance Company The company
previously Co-operative Insurance Service
Limited was formed in 1978.The name changed
in the year 1999 as part of a repositioning
strategy. It saw the company gains a national
outlook. The company provides services such as
life assurance and general insurance which
include motor, fire, theft, Marines among others.
CIC Insurance has a high value due to the
number of assets at its disposal.
Chartis Kenya Insurance Chartis insurance
formerly A.I.G is an international insurance
company that has found a home in Kenya. The
establishment of the business in Kenya over
four decades ago shows that the Kenyan
insurance industry is maturing. Chartis provides
complete accident, personal, health and general
insurance packages. Chartis is one of Kenya's
best public insurance providers. Recently I have
seen an advert on the mainstream that the
company might be adopting the original name
A.I.G. The company has roots in the US and is
believed to be one of the most profitable
insurance companies in Kenya.
Heritage Insurance Company Heritage is an
insurance company in Kenya whose
management believes it has an opportunity to
compete favorably in the Kenyan market and
the regional market. Heritage Insurance prides
itself on being the best bank regarding claims
payments for the insured. The bank is best
known for being prompt in settling claims to
clients who suffer losses. The company offers a
broad range of products to its customers. This
product could be short term or long term. The
products provide by Heritage range from
agricultural, property, goods on transit,
accidents, fire and theft.
CFC Life CFC Life is an insurance company in
Kenya owned by the CFC bank. CFC has
recorded high-profit rates over the years and
gained a considerable size of the market share.
The company's assets have a value of over 13
billion. CFC provides its customers with a group
of individual products. Its unique products have
attracted a wide range of clients who have
bought covers with the insurer. The company
aims at improving the life of their customers.
You can suggest in the comments section and
company that you think should be included in
the list of the top 10 best insurance companies
in Kenya