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Insurance in Kenya – Brokers and Insurance Companies in Kenya

Insurance Companies in Kenya: Kenya has 44 insurance companies – two are under receivership. The Insurance Industry in Kenya is regulated by the Insurance Regulatory Authority (IRA), a semi-autonomous regulator, set up in 2008. IRA is expected to improve regulation and stability of the industry.

In 2011, IRA placed another underwriter, Blue Shield Insurance, under administration. The Authority, in partnership with the Commissioner of Police, created the Insurance Investigation Unit to investigate insurance fraud. It also registered the first Islamic insurance firm, First Takafu.

Previously, IRA was a department of the Ministry of Finance, which administered the insurance industry, and it was headed by the Commissioner of Insurance, who is today at par with other regulatory authority heads. The Finance Act 2011 boosted the power of the Authority through amendments to the Insurance Act that substituted the word “minister” with “Authority’

Insurance in Kenya – Insurance Industry in Kenya

The industry operates under an umbrella body, the Association of Kenya Insurers (AKI), which was established in 1987. Before then, it was called the Insurance Association of Eastern Africa. Membership is open to any registered insurance company. Its main objective is to promote prudent business practices, create awareness among the public and accelerate the growth of insurance business in Kenya.

At the apex of the insurance sector are two reinsurance companies, the quasi-public Kenya Reinsurance Corporation (Kenya Re) and East African Reinsurance Company. By 2010, short and long-term underwriters were 44, of which 21 provide medical insurance. Others are 3,788 insurance agents and 158 insurance brokers.

The industry’s assets grew by 2.1 per cent to Kshs181.2 billion ($2.132 billion). Net premiums rose by 33.1 per cent to Kshs85.4 billion ($1.005 billion) and general insurance claims by 30 per cent to Kshs28.l billion ($330.6 million).

Under the 2011 amendments to the Insurance Act, an insurer wishing to open a branch or a new place of business in Kenya, or to change the location of a branch, or an existing place of business, applies to the Authority for approval.

IRA now holds directors of the insurer to be jointly and severally liable for the recovery of the assets in case of mismanagement. The Authority was also given powers to manage assets of an insurance company in the public interest and take any other action in this regard.

Insurance Companies in Kenya – Useful Information

  1. Motor Assessors
  2. Medical Insurance Providers
  3. Loss Adjusters
  4. INSURANCE SURVEYORS
  5. INSURANCE INVESTIGATORS
  6. Insurance Brokers in Kenya – They are your friends
  7. Home Content Insurance in Kenya
  8. Group Personal Accident Insurance in Kenya
  9. Goods in Transit Insurance in Kenya
  10. Employers’ Liability Insurance in Kenya
  11. Fidelity Guarantee Insurance in Kenya
  12. Domestic Package Insurance in Kenya
  13. Insurance in Kenya: Do You Have Insurance?
  14. Burglary Insurance In Kenya
  15. Insurance Brokers in Kenya
  16. Insurance Companies in Kenya
  17. Professional Indemnity Insurance In Kenya
  18. Settling Motor Vehicle Claims In Kenya
  19. Medical Insurance in Kenya: Why You Need a Medical Cover
  20. Life Insurance Policy in Kenya

List of Insurance Companies in Kenya

  1. Xplico Insurance Company Limited

    Insurance Companies in Kenya

    Insurance Companies in Kenya

  2. UAP Life Assurance Limited
  3. UAP Insurance Company Limited
  4. Trident Insurance Company Limited
  5. The Heritage Insurance Company Limited
  6. The Monarch Insurance Company Limited
  7. The Jubilee Insurance Company of Kenya Limited
  8. Tausi Assurance Company Limited
  9. Takaful Insurance of Africa Limited
  10. Shield Assurance Company Limited
  11. Resolution Insurance Company Limited
  12. Real Insurance Company Limited
  13. Pioneer Assurance Company Limited
  14. Pan Africa Life Assurance Limited
  15. Phoenix of East Africa Assurance Company Limited
  16. Pacis Insurance Company Limited
  17. Old Mutual Life Assurance Company Limited
  18. Occidental Insurance Company Limited
  19. Metropolitan Life Insurance Kenya Limited
  20. Mercantile Insurance Company Limited
  21. Mayfair Insurance Company Limited
  22. Madison Insurance Company Kenya Limited
  23. Kenya Reinsurance Corporation Limited
  24. Kenya Orient Insurance Limited
  25. Kenindia Assurance Company Limited
  26. Invesco Assurance Company Limited
  27. Intra Africa Assurance Company Limited
  28. ICEA LION Life Assurance Company Limited
  29. ICEA LION General Insurance Company Limited
  30. Geminia Insurance Company Limited
  31. First Assurance Company Limited
  32. Fidelity Shield Insurance Company Limited
  33. East Africa Reinsurance Company Limited
  34. Directline Assurance Company Limited
  35. Corporate Insurance Company Limited
  36. Continental Reinsurance Limited
  37. CIC Life Assurance Limited
  38. CIC General Insurance Limited
  39. CFC Life Assurance Limited
  40. Capex Life Assurance Company Limited
  41. Cannon Assurance Limited
  42. British-American Insurance Company (Kenya) Limited
  43. AIG Kenya Insurance Company Limited
  44. Apollo Life Assurance Limited
  45. Africa Merchant Assurance Company Limited
  46. A P A Insurance Limited
  47. AAR Insurance Kenya Limited

List of Insurance Brokers in Kenya

  1. ROYAL SHIELD OF EAST Africa Insurance Brokers
  2. ZULMAC Insurance Brokers Limited
  3. YOUJAYS Insurance Brokers Limited
  4. YESS Insurance Brokers Limited
  5. WILSMART Insurance Brokers Limited
  6. WAUMINI Insurance Brokers Limited
  7. VIKE Insurance Brokers Limited
  8. VICTORIA Insurance Brokers Limited
  9. VEFIS Insurance Brokers (K) Limited
  10. UNIVERSAL Insurance Brokers Limited
  11. UTMOST Insurance Brokers Limited
  12. UNIPOLAR Insurance Brokers Limited
  13. UNICORN Insurance Brokers Limited
  14. UNICORN Insurance Brokers Limited
  15. TRUSTMARK Insurance Brokers Limited
  16. TRISONS Insurance Brokers Limited
  17. TEEVEE Insurance Brokers Limited
  18. SWINTON Insurance Brokers (K) Limited
  19. SUPERLINK Insurance Brokers Limited
  20. STARLIT Insurance Brokers Limited
  21. SOUTHERN SAHARA Insurance Brokers Limited
  22. SOIN Insurance Brokers Limited
  23. SNOWCAPS Insurance Brokers Limited
  24. SMARTGUARD Insurance Brokers Limited
  25. SHIV Insurance Brokers Limited
  26. SHREE Insurance Brokers Limited
  27. SHILOH Insurance Brokers Limited
  28. SHASHI Insurance Brokers Limited
  29. SAPON Insurance Brokers Limited
  30. SEDGWICK KENYA Insurance Brokers Limited
  31. SCANNER Insurance Brokers Limited
  32. SAMNEL Insurance Brokers Limited
  33. SAKAKA Insurance Brokers Limited
  34. SAFENET Insurance Brokers Limited
  35. Safe ‘N’ Sound Insurance Brokers Limited
  36. ROBERTS Insurance Brokers Limited
  37. RISK SHIELD Insurance Brokers Limited
  38. RISK CARE Insurance Brokers Limited
  39. PISTIS Insurance Brokers Limited
  40. PRIMEKEN Insurance Brokers Limited
  41. PORIM Insurance Brokers Limited
  42. PRIME MOVER Insurance Brokers Limited
  43. PLATINUM Insurance Brokers Limited
  44. PLAN & PLACE Insurance Brokers Limited
  45. PISTIS Insurance Brokers Limited
  46. PELICAN Insurance Brokers Limited
  47. PEACE OF MIND Insurance Brokers Limited
  48. PASAN Insurance Brokers Limited
  49. PALSHA Insurance Brokers Limited
  50. PACKAGE Insurance Brokers Limted
  51. ONLINE Insurance Brokers Limited
  52. Octagon Insurance Brokers Limited
  53. NYADWE Insurance Brokers Ltd
  54. NORTHRIDGE Insurance Brokers Limited
  55. NOMURA Insurance Brokers Limited
  56. NILE Capital Insurance Brokers Ltd
  57. NEXUS Insurance Brokers Limited
  58. NELION Insurance Brokers Limited
  59. NANYUKI Insurance Brokers Limited
  60. MOMBASA Insurance Brokers Limited
  61. MIRAN Insurance Brokers Limited
  62. NYADWE Insurance Brokers Ltd
  63. MIMA Insurance Brokers Limited
  64. METHODIST Insurance Brokers Limited
  65. MIK Insurance Brokers Limited
  66. MIDLINE Insurance Broker Ltd
  67. MICROENSURE Insurance Brokers Limited
  68. MIC GLOBAL RISKS (Insurance Brokers) Limited
  69. MASUMALI MEGHJI Insurance Brokers Limited
  70. MASILAHI Insurance Brokers Limited
  71. MAJ Insurance Brokers Limited
  72. MACLY Insurance Brokers Limited
  73. M. A. KHAN Insurance Brokers Limited
  74. LOSAGI Insurance Brokers Limited
  75. LIFECARE INTERNATIONAL Insurance Brokers
  76. LIBERTY Insurance Brokers Co. Ltd
  77. LIAISON GROUP (Insurance Brokers) Limited
  78. LEVITTS INTERNATIONAL Reinsurance Brokers
  79. LEON Insurance Brokers Limited
  80. MAJANI Insurance Brokers Limited
  81. LEMA Insurance Brokers Limited
  82. KENFIDENT Insurance Brokers Limited
  83. KENBRIGHT Insurance Brokers Limited
  84. KELON Insurance Brokers Limited
  85. KAREN Insurance Brokers Limited
  86. KAN Insurance Brokers
  87. JUSTNICE Insurance Brokers Limited
  88. JANI Insurance Brokers Limited
  89. INTIME Insurance Brokers Limited
  90. INTERBROKE Insurance Brokers Limited
  91. INSOL (E.A) Insurance Brokers Ltd
  92. INSCO Insurance Brokers Limited
  93. IMAGE Insurance Brokers Limited
  94. HP Insurance Brokers Limited
  95. ICK Insurance Brokers Limited
  96. HOMELAND Insurance Brokers Limited
  97. HILLSTONE Insurance Brokers Limited
  98. HARBINGER Insurance Brokers Limited
  99. HABARI Insurance Brokers Limited
  100. H. S. JUTLEY Insurance Brokers Limited
  101. H. G. THANAWALLA Insurance Brokers Limited
  102. GRM Insurance Brokers Limited
  103. GREAT FIVE Insurance Brokers Limited
  104. GRAS SAVOYE KENYA Insurance Brokers Limited
  105. GOLDFIELD Insurance Brokers Limited
  106. GETRIO Insurance Brokers Limited
  107. GENESIS INTERNATIONAL Insurance Brokers
  108. GACHICHIO Insurance Brokers Limited
  109. FOUR STARS Insurance Brokers Limited
  110. FOUR M Insurance Brokers Limited
  111. FORTUNE Insurance Brokers Ltd.
  112. FORTRESS Insurance Brokers Limited
  113. FIRST REINSURANCE Brokers Limited
  114. FORMAX Insurance Brokers Limited
  115. FARMAX Insurance Brokers Ltd
  116. FAIRSURE Insurance Brokers Limited
  117. FAIDA Insurance Brokers Limited
  118. EXECUTIVE Insurance Brokers Limited
  119. EDEN ROCK Insurance Brokers Limited
  120. ECB Insurance Brokers Limited
  121. EAGLE AFRICA Insurance Brokers Limited
  122. DYNAMIQUE Insurance Brokers Limited
  123. DISNEY Insurance Brokers Limited
  124. D & G Insurance Brokers Limited
  125. CROWNSCOPE Insurance Brokers Limited
  126. COVERMAX Insurance Brokers Limited
  127. CONSOLIDATED Insurance Brokers Limited
  128. CLEAR Insurance Brokers Limited
  129. CLARKSON NOTCUTT Insurance Brokers Limited
  130. CHESTER Insurance Brokers Limited
  131. CHARTWELL Insurance Brokers Limited
  132. Channel Insurance Brokers Limited
  133. Chancery Wright Insurance Brokers Limited
  134. CENTAUR Insurance Brokers Limited
  135. Canopy Insurance Brokers Limited
  136. Busam Insurance Brokers Limited
  137. BTB Insurance Brokers Limited (Re-Insurance)
  138. BTB Insurance Brokers Limited
  139. Bottomry Insurance Brokers Limited
  140. Boma Insurance Brokers Limited
  141. Blossom Insurance Brokers Limited
  142. Berkley Insurance Brokers Ltd
  143. Batlex Insurance Brokers Limited
  144. Bahari Insurance Brokers Limited
  145. BAFANA Insurance Brokers Limited
  146. AVOCET Insurance Brokers Limited
  147. AUM Insurance Brokers Limited
  148. Assured Insurance Brokers Limited
  149. Associated Insurance Brokers Limited
  150. Aspen Insurance Brokers Limited
  151. Arkchoice Insurance Brokers Limited
  152. Aristocrats Insurance Brokers Limited
  153. A-Plan Insurance Brokers Limited
  154. AON Kenya Insurance Brokers Limited
  155. Ams Insurance Brokers Limited
  156. Amro Insurance Brokers Limited
  157. Alpine Insurance Brokers Limited
  158. Allied Assurance Brokers Limited
  159. Al-Fawzein Insurance Brokers Limited
  160. Al- Amin Insurance Brokers Limited
  161. Afrishield Insurance Brokers Limited
  162. African Continent Insurance Brokers Limited
  163. Acropolis Insurance Brokers Limited
  164. ABC Insurance Brokers Limited
  165. AA Insurance Brokers Limited