APA : KSh 3,353 Millions
KENYAORIENT: KSh 2,063 Millions
ICEA : KSh 2,269 Millions
ICEA Lion is the one of the leading life assurance and investments company all across East Africa. It is one of the most reputable brands in the insurance market in Kenya known more for asset management, investments and life insurance in the East African region. It however has a strong portfolio in general and specialist businesses like aviation insurance. It has amassed a portfolio of over KSh 2.2 billions in the general insurance portfolio. ICEA is another car insurance company in Kenya that doesn’t compete on under pricing in the motor insurance businesses especially for the private businesses.
MADISON : KSh 1,756 Millions
Madison Insurance is better known as a life insurance company in Kenya offering products education savings plans, life insurance plans, funeral cover insurance. It has quickly transitioned into the medical insurance business with partnership with KCB for the Simba Afya plans. General business portfolio has grown tremendously with the inclusion of several large business portfolios to grow the book.
AMACO : KSh 1,653 Millions
Africa Merchant Assurance Company is one of the oldest general insurance companies in Kenya and a traditional powerhouse. It was at one point one of the biggest general insurance companies for motor PSV insurance for the Matatu market underwriting billions of insurance premiums. It remains a leader in the rift valley region targeting the tea industry through innovative products. The AMACO motor commercial remains of the most popular products in the market.
BRITAM : KSh 2,452 Millions
BRITAM is perhaps one of the biggest insurance companies in East Africa and Southern and Central Africa. It has presence in Burundi, Malawi, and Mozambique among others. In Kenya, it has been the biggest life insurance company for the last 5 years before being toppled by Jubilee insurance. BRITAM entered in the general business later than most but has managed to build an impressive portfolio. BRITAM offers private car insurance for individuals and also offers PSV motor insurance for most lines like chauffeur driven and hire purchase and has the biggest commercial motor insurance portfolio.
JUBILEE: KSh 2,093 Millions
Jubilee insurance is the leading insurance company in Kenya and East Africa having celebrated 80 years of existence in 2017. It is the largest general, medical and life insurance company in Kenya, consistently beating the field on premiums collected. It is also the largest medical insurance company in Kenya underwriting close to KSh 10 billion worth of business.
Jubilee offers one of the most flexible motor insurance packages pricing the premiums depending on the value of the car and the age of the car. For new cars less than 5 years since Year Of Manufacture (YOM), motor insurance premium rates of as low as 3% of the value of the motor vehicle. Jubilee insurance has its own in-house assessment centres, requiring customers to take their vehicles for pre-inspection before the insurance can be issued.
Jubilee also has a leading motor insurance product designed for ladies the Lady Jubilee Auto product offering additional free benefits for lady customers at discounted rates, including shopping vouchers, free cancer screening, free courtesy car, etc.