CIC INSURANCE GROUP KENYA | BEST INSURANCE COMPANY
CIC Insurance Group Kenya
Overview
CIC Insurance Group (Co-operative Insurance Company) stands as one of Kenya’s most respected insurance and financial services providers. Operating under the powerful tagline “We Keep Our Word”, CIC has built a reputation spanning over five decades of protecting Kenyans through flexible, customer-centric insurance and financial solutions.
History & Heritage
- Founded in 1968 as an insurance department within the Kenya National Federation of Cooperatives (KNFC)
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- Incorporated and licensed as Co-operative Insurance Society, evolving into a publicly traded entity
- First and only cooperative insurance entity listed on the Nairobi Securities Exchange (NSE)
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- Expanded regionally with operations in Kenya, Uganda, South Sudan, and Malawi
This cooperative heritage remains central to CIC’s identity—serving not just as a business, but as a community-focused institution committed to member prosperity.
Vision, Mission & Core Values
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Element
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Statement
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Vision
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To be a world-class provider of insurance and other financial services
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Mission
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To help people achieve financial freedom
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Core Values
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Integrity – Be fair and transparent
Dynamism – Be passionate and innovative Performance – Be efficient and results-driven Cooperation – Live the cooperative spirit |
These principles guide every product, service, and customer interaction at CIC.
Products & Services
CIC offers a comprehensive portfolio through three key subsidiaries in Kenya:
🔹 CIC General Insurance Ltd
- Motor Insurance (Private & Commercial)
- Medical Insurance (Family Medisure, Corporate Plans)
- Agriculture Insurance
- Marine, Aviation & Transit
- Property & Home Insurance
- Liability & Engineering Covers
- CIC Easy Bima: Digital platform for instant quotes and coverage
🔹 CIC Life Assurance Ltd
- Group Life & Individual Life Policies
- Education Savings Plans
- Retirement & Pension Solutions (Jipange for Retirement)
- Endowment & Investment-Linked Products
- Last Expense Covers
🔹 CIC Asset Management Ltd
- Money Market Funds
- Unit Trusts
- NSE Market Data & Investment Advisory
- Wealth Management Solutions
Additional innovations include CIC Pharmacy (“Caring Beyond Prescription”) and real estate ventures like Ushirika Gardens—a land development project less than 30 minutes from Nairobi CBD.
Market Position & Performance (2025)
- Insurance Revenue: KSh 29.5 billion (+11.8% YoY)
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- Gross Written Premium: ~KSh 23.7 billion
- Total Assets: ~KSh 46.7 billion
- Customer Base: Over 1 million policyholders
- Distribution Network: 25+ branches, 1,000+ financial advisors, and robust digital platforms
www.cicinsurancegroup.com
- Market Share: ~9% in Life Assurance; strong presence in General Insurance and Asset Management
Note: FY2025 saw revenue growth but a temporary profit adjustment due to strategic investments and market dynamics.
Awards & Recognition
CIC’s commitment to excellence has been widely acknowledged:
- Decade of Excellence Insurance Kenya 2021 Award – Global Banking & Finance Review
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- Best General Insurance Company Kenya – International Business Magazine Awards 2021
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- Best Life Insurance Company Kenya – 2021 IBMA
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- Group Life Company of the Year – AKI Awards (multiple years since 2015)
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- Best Motor Insurer – Cheki Awards 2020
- 5 Awards at 2023 AKI Awards – Including ESG and Innovation categories
- AKI & Kenya ESG Awards 2026 – Recent recognition for sustainability leadership
What Sets CIC Apart?
✅ Cooperative DNA: Rooted in member-first principles, aligning success with client prosperity
✅ Digital Innovation: CIC Easy Bima enables instant, paperless insurance access via mobile
✅ Regional Reach: Cross-border presence offers scalability and diversified risk
✅ Holistic Solutions: From insurance to pharmacy to real estate—integrated financial wellness
✅ CSR Commitment: CIC Foundation supports education and community development initiatives
✅ Regulatory Compliance: Fully licensed by IRA (Insurance Regulatory Authority) and CMA (Capital Markets Authority)
✅ Digital Innovation: CIC Easy Bima enables instant, paperless insurance access via mobile
✅ Regional Reach: Cross-border presence offers scalability and diversified risk
✅ Holistic Solutions: From insurance to pharmacy to real estate—integrated financial wellness
✅ CSR Commitment: CIC Foundation supports education and community development initiatives
✅ Regulatory Compliance: Fully licensed by IRA (Insurance Regulatory Authority) and CMA (Capital Markets Authority)
Final Thought
For individuals, families, cooperatives, SMEs, corporates, or government entities seeking reliable, innovative, and values-driven insurance solutions in Kenya, CIC Insurance Group remains a trusted partner. Their blend of cooperative heritage, digital agility, and award-winning service delivery continues to set a benchmark in East Africa’s financial services landscape.
“At CIC, we keep our word.” — A promise backed by 58 years of service.
Let Annex Insurance Agency Help You Navigate the Best Cover
Choosing the right insurance company can be overwhelming. That is where Annex Insurance Agency comes in.
We help customers navigate through CIC, Britam, APA, Sanlam Allianz, and other top insurers—compare quotes, and secure the best protection tailored to your needs.
📧 Email: info@annexinsurance.co.ke
🌐 Website: www.annexinsurance.co.ke
📞 Phone: 0724 547 669
Contact Annex Insurance Agency today and secure your future with confidence, knowing you are properly covered.
