Best Insurance Companies in Kenya {Latest Verified List}

Are you looking for the latest list of all reputatable and verified Insurance Companies in Kenya? Look no more. The Kenyan insurance market is dynamic, vibrant and regulated by the Insurance Regulatory Authority (IRA). Companies generally fall into two categories: General Insurance (e.g., motor, property, medical) and Life Assurance (e.g., life, pensions, investment-linked products).

Here is a list of some of the prominent insurance companies operating in Kenya, including some of the largest groups:

List of Major Insurance Groups and Companies

These companies often dominate the market share and offer a wide range of products:

• Britam Holdings Plc (Offers both General and Life Insurance)

• Jubilee Holdings (Now operates as Jubilee Allianz for General Insurance and Jubilee Life Insurance for Life Assurance)

• CIC Insurance Group (Popular among cooperatives and SMEs, offering General, Life, and Health)

• Old Mutual Holdings (Operates as Old Mutual General Insurance and Old Mutual Life Assurance, following its acquisition of UAP Holdings)

• Sanlam Kenya Plc (Part of the Sanlam Group; includes Sanlam General Insurance and Sanlam Life Insurance)

• ICEA LION Group (Offers both General and Life Assurance)

• APA Insurance Limited (Part of the Apollo Investments Limited Group, offers General and Life Assurance)⁷

Other Notable Insurance Underwriters

• AAR Insurance Kenya Ltd (Specializes heavily in Health Insurance)

• Directline Assurance Company Ltd (Known for its specialization in Public Service Vehicle (PSV) insurance)

• First Assurance Company Limited

• GA Insurance Limited

• The Heritage Insurance Company Ltd (Part of Liberty Kenya Holdings)

• Kenindia Assurance Company Ltd

• Madison Insurance Company Ltd

• Pacis Insurance Company Ltd

• Pioneer Assurance Company Limited

• Takaful Insurance of Africa Limited (Operates under Islamic/Sharia-compliant principles)

Reinsurance Companies

The market also includes companies that insure the insurance companies (reinsurers):

• Kenya Reinsurance Corporation (Kenya Re)

• Continental Reinsurance Ltd

• East Africa Reinsurance Company Ltd

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Key Areas of Focus

When choosing an insurance company, you might want to look into their strengths in specific areas:

Area of Focus	Notable Companies
Market Share (General)	CIC General, Britam General, GA Insurance
Health/Medical	AAR Insurance, Jubilee Health, Old Mutual (UAP)
Claims Settlement	Companies like Heritage Insurance have been noted for strong claims payment ratios.
Innovation/Digital	Britam, Jubilee, Sanlam

FULL LIST OF ALL THE ACCREDITED INSURANCE COMPANIES IN KENYA.

Here is the latest list of IRA licenced insurance Companies in Kenya:

REINSURANCE COMPANIES

Serial No.	REINSURANCE COMPANIES		AUTHORISED  CLASSES  OF BUSINESS
1	Continental  Reinsurance Limited		01,  02,  03,  04,  05,  06,  07,  08,  09, 10,  11,  12,  13,  14,
			31,  32,  34,  35
2	East  Africa  Reinsurance Company  Limited		01,  02,  03,  04,  05,  06,  07,  08,  09, 10,  11,  12,  13,  14,
			31,  34,  35
3	Ghana  Reinsurance Company  (Kenya)  Limited		01,  02,  03,  04,  05,  06,  07,  08,  09, 10,  11,  12,  13,  14
4	Kenya  Reinsurance Corporation  Limited		01,  02,  03,  04,  05,  06,  07,  08,  09, 10,  11,  12,  13,  14,
			31,  34,  35
5	WAICA  Reinsurance  (Kenya) Limited		01,  02,  03,  04,  05,  06,  07,  08,  09, 10,  11,  12,  13,  14

GENERAL INSURANCE COMPANIES

LONG  TERM  (LIFE) INSURANCE COMPANIES

MICRO  INSURANCE  COMPANIES