Top Insurance Companies in Kenya (2026)

1. SanlamAllianz Holdings Kenya PLC

• History: This entity is now Africa’s largest non-banking financial services provider, formed from a landmark joint venture between South Africa’s Sanlam Group (founded in 1918) and global insurer Allianz (founded in 1890). In Kenya, the group was formed by the consolidation of Sanlam Kenya Plc (formerly Pan Africa Insurance, founded in 1946) and Jubilee Allianz General Insurance. The merger was completed in late 2025, with the official rebranding to Sanlam Allianz Holdings Kenya PLC taking place in November 2025. As part of this consolidation, Jubilee Holdings sold its remaining stake in the general insurance business, leaving SanlamAllianz as the unified general insurance leader in the country.

2. Kenindia Assurance

• History: Kenindia was established in 1976 as a joint venture between leading Kenyan investors and two major Indian insurance companies, New India Assurance Co. Ltd. and United India Insurance Co. Ltd. This partnership was formed to create a strong, locally-rooted insurer combining international expertise with local market knowledge.

3. CIC Insurance Group

• History: CIC Insurance has a unique history as a cooperative insurer. It was founded in 1978 by the Cooperative Bank of Kenya and several cooperative societies. Its structure is distinct because it is owned by its policyholders and shareholders, with a mission to serve the cooperative movement and the wider Kenyan public.

4. Britam Holdings

• History: Britam (British-American Investments Company) was founded in 1965 as a joint venture between two British insurance companies and American investors. Over the decades, it has grown into one of Kenya’s largest and most diversified financial services groups, expanding beyond insurance into asset management, property, and banking.

5. Old Mutual Kenya

• History: Old Mutual is one of the oldest financial services companies in the world, founded in South Africa in 1845. It established its presence in Kenya in the early 20th century, making it one of the longest-operating insurers in the country. It offers a wide range of life and general insurance, as well as investment and banking products.

6. ICEA Lion Group

• History: ICEA Lion’s history dates back to 1944 when it was founded as the Insurance Company of East Africa (ICEA). It later merged with Lion of Kenya Insurance Company, forming the ICEA Lion Group. It is known for being a major indigenous East African insurer with a strong regional presence.

7. GA Insurance

• History: GA Insurance is part of the larger GA Insurance Group, which has its origins in South Africa. It has been operating in Kenya for several decades, focusing on providing short-term (general) insurance solutions for individuals and businesses, known for its competitive products in the motor and property insurance sectors.

8. Liberty Life Assurance Kenya

• History: Liberty Life is a subsidiary of Liberty Holdings Limited, a South African financial services group that is part of the global Standard Bank Group. It entered the Kenyan market through acquisitions and has grown to become a significant player in the life insurance and retirement planning sectors.

9. AAR Insurance

• History: AAR Insurance is a subsidiary of the AAR Group, which began in Kenya in 1974 as a provider of emergency medical services (flying doctors). Leveraging its expertise in healthcare, it expanded into health insurance, becoming one of the country’s leading medical insurance providers.

10. Madison Insurance

• History: Madison Insurance was founded in 1987 and quickly became a household name in Kenya. It is known for its iconic “Mama na Beba” campaigns and for being one of the first companies to aggressively market insurance products to the mass market, focusing on education and family protection plans.

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