The Kenyan insurance industry: Ranking of companies in 2017

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Insurance industry in Kenya: Ranking of life companies in 2017

In thousands
 2017 GWP2016 GWP2016-2017 evolution (1)2017 market shares
In KESIn USDIn KESIn USD
Britam Life
18 297 485178 94917 179 320170 7626.51%22.10%
ICEA Lion Life Assurance
13 015 715127 2949 525 60694 68536.64%15.72%
Jubilee Insurance Company
12 643 723123 65610 360 845102 98722.03%15.27%
Pioneer Assurance Company
5 213 92350 9925 292 11652 604-1.48%6.30%
CIC Life Assurance Company
4 895 17547 8754 352 84743 26712.46%5.91%
Kenindia Assurance Company
4 641 31545 3923 947 01139 23317.59%5.60%
Liberty Life Assurance Company
4 502 80044 0374 325 79742 9984.09%5.44%
Sanlam Life Insurance
4 738 72946 3454 669 64346 4161.48%5.72%
Madison Insurance Company
2 604 24725 4702 381 16723 6699.37%3.14%
UAP Life Assurance Company
2 365 62323 1362 581 97525 665-8.38%2.86%
Old Mutual Life Assurance
1 919 63618 7742 038 36320 261-5.82%2.32%
GA Life Assurance Company
1 618 44215 8281 525 30515 1626.11%1.95%
APA Life Assurance Company
1 492 95214 6011 223 43912 16122.03%1.80%
Barclays Life
1 380 33013 5001 252 81812 45310.18%1.67%
The Kenyan Alliance Insurance
778 5977 615812 7178 078-4.20%0.94%
Metropolitan Cannon Insurance
609 9585 965393 8633 91554.87%0.74%
Kenya Orient Life Assurance
422 9874 137290 0232 88345.85%0.51%
Prudential Life Assurance
318 1893 112158 7811 578100.39%0.38%
Capex Life Assurance Company
313 3403 06456 647563453.14%0.38%
Corporate Insurance Company
278 9492 728295 7662 940-5.69%0.34%
Saham Assurance
221 5432 167250 5952 491-11.59%0.27%
Geminia Insurance Company
178 1361 742288 0162 863-38.15%0.22%
First Assurance Company
168 7831 651103 4501 02863.15%0.20%
Cannon Assurance Company
81 846800116 7191 160-29.88%0.10%
Takaful Insurance Of Africa
58 89657652 65752311.85%0.07%
The Monarch Insurance
46 50745543 6954346.44%0.06%
Total
82 807 826809 86173 519 181730 78112.63%100%

(1) Growth rate in local currency
Exchange rate as at 31/12/2017 : 1 KES = 0.00978 USD; as at 31/12/2016 : 1 KES = 0.00994 USD


Related article | Insurance industry in Kenya - 2018


Market share of the ten main life insurance companies in 2017

Kenya life insurance industry 2017

Insurance industry in Kenya: Ranking of non-life companies in 2017

In thousands
 2017 GWP2016 GWP2016-2017 evolution (1)2017 market shares
In KESIn USDIn KESIn USD
Jubilee Insurance Company
11 313 366110 64514 089 298140 048-19.70%9.07%
CIC General Insurance Company
10 141 11099 1808 407 49883 57120.62%8.13%
UAP Insurance Company
9 668 82394 56110 982 069109 162-11.96%7.75%
APA Insurance Company
8 100 69579 2258 995 97489 420-9.95%6.49%
Britam General Insurance
8 042 40178 6556 997 22669 55214.94%6.45%
ICEA Lion General Insurance
6 051 48759 1846 304 58762 668-4.01%4.85%
Heritage Insurance Company
5 914 74657 8465 340 17953 08110.76%4.74%
AAA Insurance Kenya
5 799 29656 7176 489 19764 503-10.63%4.65%
GA Insurance Company
5 547 25354 2524 782 08447 53416.00%4.45%
Resolution Insurance Company
4 947 64748 3883 926 11139 02626.02%3.97%
Madison Insurance Company
3 887 81738 0233 102 44030 83825.31%3.12%
AIG Insurance Company
3 647 38735 6713 669 93936 479-0.61%2.92%
Geminia Insurance Company
3 367 41632 9332 223 15022 09851.47%2.70%
Directline Assurance Company
3 086 23130 1833 224 74032 054-4.30%2.47%
Kenindia Assurance Company
2 966 57029 0132 995 96029 780-0.98%2.38%
First Assurance Company
2 907 03628 4313 930 95239 074-26.05%2.33%
Occidental Insurance Compnay
2 586 46825 2962 033 09020 20927.22%2.07%
African Merchant Assurance
2 470 94724 1663 162 24831 433-21.86%1.98%
Fidelity Shield Insurance
2 360 84823 0891 717 32717 07037.47%1.89%
Mayfair Insurance Company
2 353 35923 0162 302 05122 8822.23%1.89%
Sanlam General Insurance
2 154 91621 0751 002 1999 962115.02%1.73%
Saham Insurance Company
2 138 85420 9181 563 08115 53736.84%1.71%
Invesco Assurance Company
2 070 19220 2462 300 89422 871-10.03%1.66%
Kenya Orient Insurance
1 847 11618 0652 525 56525 104-26.86%1.48%
Trident Insurance Company
1 331 85113 0261 295 77312 8802.78%1.07%
Cannon Assurance Company
1 269 81512 4191 725 57617 152-26.41%1.02%
Pacis Insurance Company
1 217 07811 9031 042 13810 35916.79%0.98%
The Monarch Insurance
1 160 02311 3451 051 63910 45310.31%0.93%
The kenyan Alliance Insurance
1 156 07411 3061 095 92310 8935.49%0.93%
Tausi Assurance Company
1 045 52410 225963 3389 5768.53%0.84%
Intra-Africa Assurance
1 034 42710 1171 014 26010 0821.99%0.83%
Takaful Insurance Of Africa
847 8288 292816 4508 1163.84%0.68%
XPLICO Insurance Company
804 3707 8671 229 29812 219-34.57%0.64%
Phoenix Of East Africa
557 9125 456438 7264 36127.17%0.45%
Allianz Insurance Company
346 8863 39363 060627450.09%0.28%
Pioneer General Insurance
325 5183 184---0.26%
Corporate Insurance Company
310 3233 035312 6153 107-0.73%0.25%
Total
124 779 6101 220 345123 116 6551 223 7801.35%100%

(1) Growth rate in local currency
Exchange rate as at 31/12/2017 : 1 KES = 0.00978 USD; as at 31/12/2016 : 1 KES = 0.00994 USD

Market share of the ten main non life insurance companies in 2017

Kenya non life insurance industry 2017 Kenya
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Thu, 22/11/2018 - 17:47
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