Buying the best insurance policy is the best thing to do. However, it may be an uphill task identifying the right insurance company. Most products offered by insurance companies in Kenya include; medical Insurance cover, Life insurance cover, Motor Vehicle insurance cover, Liability insurance, Home Insurance among others.
Insurance companies play a major role on the person or institution insured by taking away fears or risks of losses. Kenya has over 50 insurance companies that offer various covers. When choosing an insurance policy it is good to read and understand the terms of the policy.
Below is a list of the best insurance companies in Kenya known to offer the best insurance products and cover.
- AMACO Insurance
- Jubilee Insurance
- ICEA Insurance
- Kenya Orient
- Madison Insurance
- AAR Insurance Kenya
- British American Insurance Company Kenya Limited
- Liberty Life Insurance
- AIG Kenya Insurance
- UAP Insurance
These insurance companies offer unique products for their clients. This is what you should expect from the sample above.
Africa Merchant Assurance Company – AMACO insurance is one of the oldest insurance companies in Kenya. It offers products in PSV Insurance Cover, livestock and crop over among other products. AMACO motor commercial remains to be one of the most popular products offered by AMACO in the market.
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Jubilee Insurance Company
Jubilee Insurance is also one of the oldest and the best insurance company in Kenya. Its products include;
- Education Insurance
- Motor Insurance
- Home Insurance
- Life Insurance
Jubilee is the number one insurer in East Africa. The company has branches in Kenya, Uganda, Tanzania, Burundi and Mauritius. Their policies have also been termed by many as the most straightforward.
ICEA Lion Group
ICEA Lion Group boasts as one of the leading life and investment companies in East Africa. They offer the best when it comes to risks. Their services include:
Their promise is to help you navigate today’s complex financial landscape. Their unique and diverse products make them stand out as one of the best insurance companies in Kenya and beyond.
Kenya Orient Insurance Limited is one of the most innovative companies in the country. Their insurance products cover but not limited to:
- Occupational illness and accidents (WIBA)
- Trustees Liability
- Orient Mobile Cover (OMB)
- Machinery Breakdown
- Goods In Transit
- Contractors Plant and Machinery/ Plant all Risks
The company boasts of assets worthy 5 Billion and above. It is a locally owned commercial service provider company that was founded in 1988 as a privately owned limited company. It is widely known for health insurance cover. Among the products that Madison offer includes car and health insurance covers.
Their head office is located at Madison Insurance House, Upper Hill Close P.O. Box 47382 – 00100 Tel: 020-2721970/1, 2864000. Fax 020-2723344.
AAR Insurance Kenya
The company started its operations in Kenya in 1984. The company is well known for its outstanding health cover products. Their business model is to evacuate patients in times of need through air or road.
They offer the following products;
- Personal Accident Cover
- Individual and Family Medical Plans
- Travel Insurance
- Professional Indemnity Cover
- Homeowners Insurance.
They are also known to provide insurance covers for schools, landlords and marine. AAR has branches all over the country.
Their head office is located at Upper Hill Nairobi on Real Tower building.
British American Insurance Company Kenya Limited (BRITAM)
BRITAM has grown very first to become one of the leading insurance companies in Kenya. It is part of the British American Insurance Company Limited and is also listed at the Nairobi Security Exchange NSE. Britam is also regulated by the Insurance Regulatory Authority. Among the products they offer include:
- Asset Management
- Property Management
- Life Insurance
In 2019, the company was named as the best life insurance company in Kenya by Association of Kenya Insurance (AKI) and won an award in Tall Buildings and Urban Habitat (CTBUH).
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Liberty Life Assurance
Liberty Life Insurance is best known for its life cover product. It has been operating in Kenya for over 50 years. They offer innovative solutions to their clients and have invested in diverse and flexible investment options such as savings, education and retirement plans.
Liberty Life Assurance offers products in:
- Life Protection
- Funeral Plans
- Education Plans
- Group Life Insurance
They have several branches across the country. Their head office is located at Liberty House, Professional Way, Nairobi Kenya.
AIG Kenya Insurance
This is a foreign insurance company with branches in Kenya and Uganda in East Africa. AIG is based in the United States. They are best known to offer car insurance. Their car insurance is regarded as the best as they cover for risks incurred on your car even outside the country. Should you get an accident while outside the country AIG insurance promises to cover you.
They have several branches across the country. Their head office is located at Rhapta Road, Rhapta Heights 1st floor Nairobi Kenya.
It is also one of the oldest insurance company in Kenya. UAP Motor Insurance is the most famous product offered by the company. Among the products and policies offered by UAP Insurance includes:
- Motor Commercial cover
- Health Insurance
- Home Insurance
- Agriculture Insurance
- Personal Accident Cover
The UAP Old Mutual has for the longest time been the leading provider of disability income cover in the region. The company has several branches across the country. The head office is located at UAP Old Mutual Tower, Upper Hill Road Nairobi Kenya.
Other Notable Insurance companies in the country include;
- Resolution Insurance Company
- GA Insurance Company
- CIC General Insurance
- APA Insurance Company
- Heritage Insurance Company
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