CIC Kenya

In March 2014, an exchange visit took place in Nairobi, Kenya between three ICMIF member organizations: Développement international Desjardins (DID), Canada; Sanasa Insurance Company Limited (SICL), Sri Lanka; and CIC Insurance Group, (CIC) Kenya.

The visit was organized by Développement international Desjardins to give a delegation from the Sanasa Insurance Company Limited the...

In June 2013 Ghanaian ICMIF member Unique Insurance Companyappointed Victor Obeng-Adiyiah as its new Managing Director. In March of this year Mr Obeng-Adiyiah took the opportunity to visit another ICMIF member, CIC Insurance Group, Kenya to learn about the CIC organization and to establish an exchange programme between the two companies in order to exchange strategic ideas and to provide...

ICMIF member CIC Insurance Group has opened a new, multi–million Kenyan shilling office block in a bid to serve their members more efficiently and contribute to the growth of the insurance industry in Kenya. The building was opened by Kenyan Deputy President William Ruto.

The building comprises 12 floors, twin towers, and has been constructed over the last two years at a total cost of...

Kenyan ICMIF member CIC Insurance Group Ltd is establishing a cooperative insurance company in Uganda in partnership with the cooperative movement in Uganda which is being led by UCSCU(Uganda Co-operatives Savings and Credit Unions Limited) on this initiative. The plan is to establish an insurance company using the same model as established by the group in Kenya.

UCSCU is the national...

ICMIF members CIC Insurance Group (CIC), Kenya, and the Malawi Union of Savings and Credit Cooperatives (MUSCCO), Malawi, are on the verge of establishing a new cooperative insurance company in Malawi following the visit there by Nelson Kuria, Group Chief Executive Officer, CIC, in December, 2013.

During the visit Mr Kuria met with the MUSCCO Board of Directors to formalize the...

CIC Insurance Group, a cooperative in Kenya, has been able to harness innovative technology and alternative distribution channels successfully sell microinsurance.

The company introduced a mobile phone platform, M-Bima that allows clients to pay premiums through M-Pesa - "M" stands for "mobile" and "pesa" is Swahili for "money" — a mobile-phone based money transfer and micro-financing...

Nelson Kuria, Group Chief Executive Officer of CIC Insurance Kenya, has been elected to chair the inaugural committee on microinsurance for Africa.

The committee, established by the African Insurance Organisation (AIO), will oversee the growth of microinsurance in the continent, to better serve the populations which are currently uncovered by traditional insurance products.

CIC...

The second volume of the Microinsurance Compendium has recently been published by the Microinsurance Innovation Facility (part of the International Labour Organisation - ILO) and the Munich Re Foundation. The latest Compendium examines recent developments and achievements in the microinsurance sector.  This volume brings together current thinking of many leading academics, actuaries, and...

Nelson Kuria, CEO of CIC Insurance, Kenya, is Chair of the ICMIF Development Committee, and during the ICMIF Conference last year he took the opportunity to share an update with delegates on the activities of the Development Function within ICMIF and appealed for the help of members in improving access to insurance for those who currently have no access to risk protection.

Nelson began...

During the recent Biennial Conference the ICMIF General Assembly voted in a new Board of Directors for the next four years until 2015. The General Assembly also voted to increase the maximum number of Board members from 18 to 24 members. Thirteen of the existing Board are continuing to serve including John Balmforth as Chair. Anders Sundström has been appointed Vice-Chair replacing Jacques...

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