CIC Insurance Group {Best Guide}

CIC Insurance Group details, offices, contacts, services, insurance packages and history: The CIC Insurance Group PLC (Co-operative Insurance Company) is a leading Kenyan insurance and investment group, and a pioneer in cooperative and microinsurance in Africa. It is publicly listed on the Nairobi Securities Exchange (NSE) under the ticker symbol CIC.

Here is a summary of the group’s key information:

🌍 CIC Insurance Group PLC Operations and Market Position

• Headquarters: Nairobi, Kenya.

• Regional Presence: The group operates in Kenya, Uganda, South Sudan, and Malawi.

• Cooperative Roots: It began in 1968 as a department within the Kenya National Federation of Co-operatives, and its history is deeply intertwined with the cooperative movement in Kenya, which forms a significant part of its customer base.

🏛️ CIC Insurance Group PLC: Group Structure (Key Subsidiaries in Kenya)

The group operates through three main subsidiaries in Kenya, in line with regulatory requirements:

1. CIC General Insurance Limited: Offers a wide range of general insurance products, including motor, fire, marine, accident, and specialized covers like crop and livestock insurance.

2. CIC Life Assurance Limited: Provides life insurance solutions, including term life, endowment, whole life coverage, group life, and various pension/annuity schemes.

3. CIC Asset Management Limited (CICAM): Specializes in managing investment portfolios for pension funds, collective investment schemes (like Money Market Funds, Equity Funds, etc.), and private clients. It holds a significant market share in the unit trust market.

🛡️ CIC Insurance Group PLC’s Key Products and Services

CIC offers a comprehensive suite of insurance and financial products for individuals, businesses, corporates, and the cooperative movement:

📜 CIC Insurance Group PLC’s History Highlights

• 1968: Started as an insurance agency within the Kenya National Federation of Co-operatives (KNFC).

• 1978: Registered and licensed as Co-operative Insurance Services Limited (CIS), targeting the cooperative movement.

• 1999: Name changed to The Co-operative Insurance Company of Kenya Limited (CIC).

• 2010: Name changed to CIC Insurance Group Limited in preparation for the de-merger of life and general business operations.

• 2011: Full de-merger resulted in the formation of three main subsidiaries: CIC Life Assurance Limited, CIC General Insurance Limited, and CIC Asset Management Limited.

• 2012: Listed its shares on the Nairobi Securities Exchange (NSE).

• 2013: Began regional expansion with entry into South Sudan.

• 2014: Entered the Malawi and Uganda markets.

💼 CIC Insurance Group PLC’s Services and Subsidiaries

The Group offers a wide range of insurance and financial services through its main subsidiaries:

📦 CIC Insurance Group PLC’s Insurance Packages

CIC Group offers solutions for Individuals, Businesses, Corporates, and Cooperatives. Examples of popular packages and products include:

📞 CIC Insurance Group PLC’s Key Contacts and Head Office

The Group operates a robust network of branches across Kenya.

CIC Insurance Group PLC’s Branch Locations (Kenya):

• Nairobi: Town Office (Reinsurance Plaza), Buru Buru, Westlands, Kitengela.

• Rift Valley: Eldoret, Nakuru, Naivasha, Kericho, Kitale.

• Central/Eastern: Nyeri, Thika, Machakos, Meru, Embu.

• Western: Kisumu, Kisii, Homabay, Kakamega, Bungoma.

• Coast: Mombasa, Kilifi.

CIC Kenya Offices and Branches

CIC Insurance Group PLC’s Opening Hours