The 5 best insurance companies in Kenya

The 5 best insurance companies in Kenya are typically ranked based on their market share, financial stability, and claims settlement records. According to reports from the Insurance Regulatory Authority (IRA) and market analysts like Cytonn Investments, the following companies consistently lead the industry:

• Jubilee Insurance: Often cited as the largest insurer by asset base, it is particularly dominant in medical insurance and corporate health plans. It holds a high financial strength rating (AA) and has a significant regional presence in East Africa.
• Britam Holdings: A market leader in life insurance, holding the top position for nearly two decades. It is known for its wide reach and innovative digital products like Bima Ya Mwananchi for micro-insurance.
• ICEA Lion Group: Recognized for having one of the strongest balance sheets in the country. It is a top performer in general insurance and has a strong reputation for professional claims handling and retirement solutions.
• CIC Insurance Group: A popular choice for motor and home insurance, largely due to its strong cooperative roots and retail network. It is frequently ranked among the top three for general insurance market share.
• Old Mutual (formerly UAP Old Mutual): A dominant force in general insurance (especially motor and property) with one of the highest gross written premiums in the country.

Comparison of Key Metrics (FY 2024/2025)

Worth mentioning

When choosing, you should also consider APA Insurance for its strong agricultural and motor products or AAR Insurance if you are looking specifically for dedicated medical coverage.

Comment here if you would like to get a cover from anyone of them and we will get back to you.