Best PSV Matatu Insurance in Kenya 2026
Best PSV Matatu Insurance in Kenya
The Kenyan PSV (Public Service Vehicle) insurance market is currently dominated by two major players—Amaco Assurance and Directline Assurance—with a new challenger, Definite Assurance, rapidly gaining ground.
Top PSV Insurance Providers in Kenya
| Insurer | Key Notes |
|---|---|
| Amaco Assurance | Market leader; partly owned by President Ruto’s family |
| Directline Assurance | Former long-time leader; facing shareholder disputes |
| Definite Assurance | Fast-growing newcomer backed by SportPesa CEO Ronald Karauri |
Types of PSV Insurance Coverage
1. Third-Party Only (TPO)
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Covers injury/death to passengers and third parties
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Covers damage to other people’s property
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Does NOT cover your own vehicle
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Cheapest option available
2. Comprehensive Cover
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Covers passengers + third parties
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Covers your PSV repairs after an accident
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Covers theft, fire, vandalism, and malicious damage
Important Warnings
Regulatory Concerns: Amaco, Directline, and the now-collapsed Invesco have been accused of routinely declining to honor valid insurance claims. The Machakos Matatu Owners Association (MAMOA) has petitioned Parliament over thousands of PSVs entangled in unresolved court cases due to insurers refusing to provide legal representation.
Invesco Collapse: Invesco Assurance was placed under statutory management in 2024 and can no longer underwrite any insurance, leaving many operators stranded.
Low Premium Warning: Industry experts warn that PSV premiums are “grossly underpriced,” making the business unsustainable. Insurers collect billions in premiums before claims catch up with them.
Verdict: Which Is Best?
| If you want… | Recommended Insurer |
|---|---|
| Market stability & largest network | Amaco Assurance |
| Established player with wide acceptance | Directline Assurance |
| Newer entrant with aggressive pricing | Definite Assurance |
About Annex Insurance Agency
Annex Insurance Agency is a trusted insurance intermediary based in Kenya, specializing in providing personalized insurance solutions for individuals and businesses. With a commitment to expert guidance and customer-centric service, Annex helps clients navigate the complexities of insurance to find affordable, reliable coverage tailored to their unique needs.
📞 Call us today: +254 724 547669
📧 Email us: info@annexinsurance.co.ke
