Insurance Companies in Kenya

There are many insurance companies in Kenya today. Many people have learnt about the advantages of insurance companies and are insuring there organizations, life and property.

Insurance companies are intended to protect the financial well-being of company, an individual or other property in the case of unexpected or sudden loss.

Insurance companies have different terms in their insurance policies. The person or company that is insured must pay some amount of money or a fee to the insurance company. The amount of fee paid is used by the company when one has to claim incase of an accident.

The List Insurance Companies in Kenya

1. Madison Insurance Company

Madison Insurance Company Kenya Limited is among the leading insurance companies in Kenya. It has 14 branches located in major towns in Kenya. The branches are within 3 regions; Western, Nairobi, Central and Coast.

Madison Insurance main plan is to provide the best insurance products and services at reasonable prices that are fit to all their clients. They also offer security for mortgages loans.

2. Blue Shield Insurance Company

Blue shield insurance company limited is amongst the best insurance companies. It provides high degree insurance products. Some of its products are:

· Agriculture Insurance

· General insurance

· Life Insurance

3. Jubilee Insurance Company

It is one of the leading insurance companies in East Africa. This company has a strong financial ground and more than 70 years of Experience. This Company is the first amalgamated insurer in East Africa and Kenya and is number one in medical insurance.

4. British American Insurance Company

The Kenyan British-American Insurance Company Limited was acknowledged in 1965 in Kenya. It provides the following services for property or casualty, group life, pension, individual life and health care insurance to its customers.

5. Kenindia Assurance Company

Kenindia Assurance Company Limited began in 1978. This company was formed when four Indian insurance companies merged. It is among the largest Insurer in Kenya that deals with non-life matters.

6. Co-operative Insurance Company (CIC)

Co-operative insurance company of Kenya (CIC insurance) was formed in 1978, it was formerly known as co-operative insurance services ltd (CIS insurance).

Its main mission is providing competitive, high quality and relevant insurance services and products that will enhance the stability and security of financial status of their customers.

7. Heritage Insurance Company

Heritage insurance company provides short term insurance services of claim payments. Recently it was awarded as the outstanding insurance company when it comes to settlement of claims by the association of insurance brokers of Kenya.

8. Insurance Company of East Africa (ICEA)

Insurance Company of East Africa (ICEA) is an associate of the First Chartered Securities Group. It provides both general and life insurance services and products for a business partner.

9. APA Insurance Services

American Photographic Artist insurance (APA) provides insurance products that are specifically for photographers who are professionals. Some of other services offered by APA business insurance are: compensation of workers, Umbrella, auto commercial and employment practices liability services.

10. Pan Africa Insurance Holdings

Pan Africa insurance Company was established in the coastal town of Mombasa, Kenya in 1947. The name Pan Africa Insurance Company Limited was acquired in 1963. It was recorded on the Nairobi Stock Exchange, and it was the first Insurance Company to be lined up.

11. UAP Provincial Insurance Company

UAP Provincial Insurance Company is among the leading companies in Kenya. It offers products such as life insurance, tailored insurance, commercial insurance, healthcare cover and personal insurance.

Why You Need an Insurance Cover

There are many reasons why people acquire insurance covers for their organization, life and property. Some insure their property against unexpected accidents, while others use it as an investment.

Accidents are happening every time in Kenya. You can never predict when the accident will strike and these accidents will incur a lot of expenses that were unplanned for.

The insurance companies help individuals who have acquired a cover for their property. It is advisable that people protect the property.