Madison Insurance Company Kenya Limited is one of the leading names in insurance in Kenya. The company has 14 branches located in principal towns in Kenya. The branches fall within 3 regions; Western, Coast & Central and Nairobi and these are managed by professionally qualified managers who are able to offer services on all the products provided by Madison Insurance Company Kenya Limited. We also partner with intermediaries like brokers, independent agents etc. through our distribution network to ensure the customer receives the best services possible.
2. Co-operative Insurance Company
The Co-operative Insurance Company of Kenya Limited (CIC Insurance) is an insurance provider. The company is engaged in providing a wide range of general and life insurances to co-operative sector. CIC Insurance offers its products and services to individuals and groups. Further, the company also makes reinsurance arrangements with various domestic and international insurance and reinsurance companies for the risk management and smooth processing purposes.
The company operates through a network of 12 regional offices across Kenya. CIC Insurance is head quartered in Nairobi, Kenya and employs 125 people.
Aon Kenya (Aon Minet Insurance Brokers Ltd) is a market leader offering insurance broking, risk management, actuarial consulting, medical scheme administration and medical fund management, life and pensions administration, and employee benefits consulting services to medium and large organizations.
Aon Corporation is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its 36,000 professionals worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions.
Aon has also developed market expertise in telecommunications, logistic/transportation, aviation, hospitality, public sector, construction, agribusiness, industry and commerce, energy, financial institutions, maritime, healthcare, environment, and professional associations.
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4. Eagle Africa Insurance Brokers Ltd
Eagle Africa is a leading provider of financial and risks services internationally. We aim to be an independent, fast growing provider of these services, with niche dominance within selected business areas.
A significant network of partners ensures we provide an outstanding level of service to our customers internationally. Eagle Africa customers include small, medium, large organisations, specialist groups and individuals. We focus on our customers to deliver fast, efficient service by empowered people wherever we operate.
5. Cannon Assurance (Kenya) Ltd
Cannon Assurance is one of the top insurance firms in Kenya and a market leader in Unit Linked Life Insurance products. The Company also writes all classes of General Insurance business such as Fire, Householders, Personal Accident, Workmen's Compensation and Contractors All Risks.
Insurance is a service oriented industry. The Company has a complement of competent and experienced staff to service the business efficiently. Indeed it does live up to its motto of "CANNON CARES", caring for the well being of its numerous policyholders.
6. Fidelity Shield
Originally, this Company was a Branch of the South British insurance Group/NZ incorporated in New Zealand in 1872. The Branch was opened in Mombasa in 1940. The Company Head Office was moved to Nairobi in 1960 and Mombasa continued as a Branch. In 1980 the Company became locally incorporated and changed its name to Shield of Kenya and later in 1989 to Fidelity Shield Insurance Company Limited.
Fidelity Shield is Licenced under the Insurance Act Cap. 487 to transact the following classes of insurance: Fire Insurance, Motor Insurance, Marine Insurance, Domestic Package Insurance, Contractor’s All Risks, Goods-in-Transit, Personal Accident, Burglary Insurance, All risks, Baggage Insurance and M.B. Interuptions.
7. Kenya Orient Insurance Ltd
Kenya Orient Insurance Limited was incorporated in 1982 by the Al-Fatem Group of Dubai. Kenya Orient Insurance Limited later changed hands in 1988 when it was acquired by Kenyans. Since then, (1989), the company has recorded steady and impressive growth.
The re-birth of KOIL goes back to October 2004, when the transfer of the firm to the new owners, was completed. The change in ownership resulted in both Board and Management changes. These changes created a new vision for the company, a vision of Delivering World Class Service to our clients, intermediaries and all other business associates within the greater East Africa Region.
8. Equity Bank
Having commenced business on registration in 1984, Equity has evolved from a Building Society to a Microfinance Institution and now the all inclusive Nairobi Stock Exchange public listed commercial bank.
With more than 2.8 million accounts, Equity is home to over 48% of all bank accounts in Kenya, making it the largest bank in the region in terms of customer base. The solidness of Equity bank is underpinned by its massive shareholder fund base of over Kshs.17 billion complemented by an additional Kshs.7 billion of subordinated tier two capital. The capital base makes Equity the most capitalized bank in the region. Equity Bank has received both local and global accolades for its unique and transformational financial model. The bank is credited for taking banking services to the people through its accessible, affordable and flexible service provision.
In 2007 and 2008 consecutively, Equity was named the Best Bank in Kenya by Euromoney Awards for Excellence. Equity is also the holder of the 2007 Global Vision Award in Microfinance “for initiating concepts of the future that will shape the Global Economy”.
In 2008, the Kenya banking survey named Equity as the top ranked bank in Kenya, and the Renaissance Capital Bank Awards 2008 also named Equity Bank as the Overall Best Bank in Kenya.
During its first Super brand edition for East Africa in 2008, Equity Bank was recognized as the sole banking Super brand in East Africa. Equity Bank has also been named by Africa Investor as the 2008 Best Performing Public Listed Company in Africa (Ai 100) and has also been voted by the African Banker 2nd Edition as the Best Microfinance bank in Africa. Equity enjoys an A Credit rating from Global Credit Rating Agency.
9. Kenya Institute of Education (KIE)
Kenya Institute of Education (KIE) is the premier body that defines the education system, curriculum development for primary, secondary and tertiary schools in the Kenya. It is the National Centre of Excellence in Kenya which specializes in Educational Research and Development of Curriculum. The institute also develops resources to support the curriculum.
10. Heritage Insurance Company
The origins of Heritage AII Insurance Company go back to 1908 when the Norwich Union Fire Insurance Society started its operations in Kenya. Later on in the 1920’s, the Legal & General Insurance Company commenced its business in Kenya. In 1976, The Heritage Insurance Company Ltd. was formed following the merger of the interests of Legal & General and the Norwich Union Fire Insurance Society. African International Insurances (AII) Ltd. was formed in 1981 as part of the Zurich Insurance Group.
The Heritage AII Insurance Company Ltd. was born in 1997 following the joining up of operations of The Heritage Insurance Company and African International Insurances. The Heritage AII is also a co-operative partner of Zurich Insurance Company and represent Zurich interests in Africa.A strategic decision was made by the shareholders of the new operation to regionalize the business resulting in the setting up of a subsidiary company in Tanzania in 1998.
11. Leadway Assurance Company Ltd (Nigeria)
Leadway Assurance Company Limited was founded in 1970. It has a chequered history of being a company with close attention to relationships, having started operations as a direct motor insurance company.
Soon the relationship developed to a stage where it has established a deep relationship with the brokers’ network in Nigeria, enjoying 80% of its current business from this source.
The pivotal point at Leadway is "the customer" and the company has enjoyed a steady growth in its commitment to providing integrated insurance and financial services to its numerous customers.
The Company’s remarkable success has been possible because of its sound professional and business standards backed by the uncompromising level of integrity of its Directors. An uncompromising level of integrity of service is a tradition imbibed at LEADWAY and instilled by its late founder, Sir (Dr.) Hassan O. Odukale, KJW, D.Sc, FCIIN (1926-1999).
As an astute and honest businessman the founding Managing Director and later Chairman of the Board of Directors, Sir Odukale nurtured the Company to an enviable position in the Nigerian insurance industry. His vision of dedicated service to all customers remains a guiding principle that shapes the policies of the company.
LEADWAY is a private company with 28 shareholders, 5 of which are corporate investors, and a Trust Corporation.
Niger Insurance Plc is a Nigeria-based company established in August, 1962 as a specialist life Company under the name Yorkshire Insurance Company. The Company is engaged in the underwriting of life and general insurance business. The wholly owned subsidiaries of the Company include NIC Properties Limited, NIC Securities and Trust Limited, and RiverPlaza and Mall Limited.
The management team of the company is made up of well trained, highly skilled and competent professionals. The company is fully computerized and relies on the most advanced information telecommunication equipments. Its computer network can easily accommodate future expansion in business volume due to an inbuilt flexibility mechanism. The company has also put in place sound reinsurance treaties with first class Reinsurance Companies.
AIICO Insurance Plc, was established in 1963 as an agency office of American Life Insurance Company (ALICO). ALICO was granted operating licence in Nigeria as a private limited liability company and a subsidiary of its parent company in 1970 to offer life and pension products and insurance services. However, 60% of the foreign shareholding ofALICO was acquired by the Federal Government of Nigeria and the name was subsequently changed to American International Insurance Company Limited. It converted to a PLC in 1989 and listed its shares on the floor of the NSE in December 1990.
AIICO as a full fledged insurance company is involved in all major classes of insurance, both life and non-life. Its range of products and services include: group life insurance; ordinary life insurance; fire and special perils; burglary; marine; oil & gas etc.
Being a specialist company in life insurance products, it focuses its businesses on savings and investment-linked life assurance as well as group life and annuity policies. Its core values and qualities centre on product innovation and excellent customer service.
An Associate Company of Union Bank of Nigeria Plc. Its equity ownership comprises Union Bank of Nigeria, subsidiaries of UBN Plc, private institutional investors and high net worth individuals.
With an excellent management team and strong capital base Union has solidified its position as a major player in the Nigerian insurance market.