Magazine date:
Mar 2017 Kenya insurance industry: evolution of GWP per non life company 2011-2015 (1)
in thousands USD| 2011 | 2012 | 2013 | 2014 | 2015 | 2014/2015 evolution | 2015 shares | |
|---|---|---|---|---|---|---|---|
Jubilee | 83 165 | 94 437 | 101 796 | 103 690 | 115 187 | 11.09% | 10.9% |
APA | 60 037 | 65 292 | 77 009 | 87 639 | 87 618 | -0.02% | 8.3% |
UAP Insurance | 56 398 | 69 213 | 90 311 | 84 596 | 78 542 | -7.16% | 7.4% |
Britam | 31 597 | 36 357 | 44 961 | 56 162 | 76 979 | 37.07% | 7.3% |
CIC General | 62 280 | 76 587 | 94 684 | 107 276 | 75 098 | -30% | 7.1% |
ICEA Lion Gen | 38 485 | 46 892 | 53 621 | 59 004 | 53 345 | -9.59% | 5% |
Heritage | 38 857 | 39 779 | 41 701 | 45 218 | 49 530 | 9.54% | 4.7% |
AAR | - | - | 30 784 | 40 051 | 41 409 | 3.39% | 3.9% |
GA Insurance | 21 739 | 27 470 | 36 292 | 42 862 | 40 998 | -4.35% | 3.9% |
AIG | 33 535 | 37 415 | 41 180 | 45 231 | 37 265 | -17.61% | 3.5% |
First Assurance | 28 347 | 34 369 | 38 102 | 38 803 | 35 998 | -7.23% | 3.4% |
Amaco | 21 178 | 22 337 | 25 811 | 28 744 | 31 352 | 9.07% | 3% |
Resolution | - | - | 24 038 | 28 377 | 28 056 | -1.13% | 2.6% |
Kenindia | 42 646 | 39 438 | 32 613 | 29 714 | 27 151 | -8.63% | 2.6% |
Directline | 21 554 | 23 965 | 26 142 | 26 673 | 26 266 | -1.53% | 2.5% |
Madison | 12 919 | 11 704 | 12 883 | 17 055 | 25 437 | 49.14% | 2.4% |
Kenya Orient | 12 275 | 15 208 | 16 964 | 21 782 | 23 296 | 6.95% | 2.2% |
Invesco | 13 731 | 17 991 | 21 006 | 23 820 | 21 747 | -8.70% | 2% |
Mayfair | 12 010 | 14 699 | 17 664 | 19 701 | 19 197 | -2.55% | 1.8% |
Occidental | 15 252 | 17 501 | 19 093 | 20 692 | 18 078 | -12.63% | 1.7% |
Fidelity Shield | 12 102 | 12 617 | 14 572 | 16 768 | 17 279 | 3.05% | 1.6% |
Xplico | 2 985 | 6 312 | 11 806 | 15 802 | 16 514 | 4.50% | 1.6% |
Geminia | 10 752 | 12 524 | 14 699 | 16 924 | 15 710 | -7.18% | 1.5% |
Saham | 6 702 | 7 195 | 9 945 | 11 683 | 11 568 | -0.99% | 1.1% |
Kenyan Alliance | 9 393 | 11 106 | 14 089 | 14 645 | 11 345 | -22.54% | 1.1% |
Cannon | 11 985 | 12 443 | 12 307 | 13 649 | 10 894 | -20.19% | 1% |
Pacis | 6 089 | 8 228 | 9 561 | 11 057 | 9 551 | -13.61% | 0.9% |
Trident | 8 655 | 7 891 | 8 799 | 11 091 | 9 018 | -18.69% | 0.8% |
Intra Africa | 8 033 | 8 490 | 9 568 | 9 868 | 8 972 | -9.09% | 0.8% |
Tausi | 7 351 | 8 494 | 9 438 | 9 119 | 8 312 | -8.86% | 0.8% |
Takaful | 2 131 | 5 002 | 5 601 | 7 612 | 7 374 | -3.13% | 0.7% |
The Monarch | 3 008 | 3 818 | 5 516 | 6 819 | 6 637 | -2.67% | 0.6% |
Gateway | 62 | 5 180 | 6 356 | 8 190 | 6 002 | -26.71% | 0.6% |
Phoenix | 5 021 | 4 745 | 5 438 | 5 138 | 5 700 | 10.94% | 0.5% |
Corporate | 3 885 | 3 764 | 3 940 | 4 107 | 3 653 | -11.03% | 0.2% |
Pioneer | 3 005 | 319 | - | - | - | - | - |
Real | 18 423 | 25 903 | 29 814 | 36 188 | - | - | - |
Total | 725 587 | 834 685 | 1 018 105 | 1 125 750 | 1 061 078 | -5.74% | 100% |
Read also | Insurance industry in Kenya - 2018 [4]
Kenya insurance industry: evolution of GWP per life company 2011-2015
in thousands USD| 2011 | 2012 | 2013 | 2014 | 2015 | 2014/2015 evolution | 2015 shares | |
|---|---|---|---|---|---|---|---|
British American | 68 155 | 77 404 | 94 320 | 113 572 | 115 269 | 1.49% | 19.7% |
Jubilee Insurance | 53 895 | 64 125 | 80 088 | 124 176 | 85 124 | -31.45% | 14.5% |
ICEA Lion Life | 47 851 | 57 488 | 75 856 | 76 613 | 78 150 | 2.01% | 13.3% |
Pan Africa Life | 46 113 | 67 468 | 65 452 | 62 631 | 46 487 | -25.78% | 7.9% |
Liberty Life (2) | 34 794 | 35 971 | 40 013 | 49 571 | 44 846 | -9.53% | 7.7% |
Pioneer | 6 206 | 11 438 | 11 941 | 30 327 | 39 648 | 30.74% | 6.8% |
CIC Life | 25 779 | 28 648 | 35 287 | 46 070 | 36 874 | -19.96% | 6.3% |
Kenindia | 21 527 | 23 955 | 24 889 | 28 443 | 31 132 | 9.45% | 5.3% |
Madison | 13 253 | 13 779 | 14 524 | 16 319 | 22 835 | 39.93% | 3.9% |
UAP Life | 12 077 | 15 217 | 21 810 | 29 131 | 20 445 | -29.82% | 3.5% |
Old Mutual | 15 322 | 15 843 | 19 944 | 18 477 | 19 003 | 2.85% | 3.2% |
APA Life Assurance (3) | 5 240 | 5 471 | 8 649 | 11 511 | 9 849 | -14.44% | 1.7% |
GA Life Assurance | - | - | 8 551 | 8 383 | 6 840 | -18.41% | 1.2% |
Kenyan Alliance | 1 444 | 1 912 | 3 652 | 4 594 | 5 402 | 17.59% | 0.9% |
Barclays Life | - | - | - | - | 4 909 | - | 0.8% |
Kenya Orient Life | - | - | - | 2 272 | 4 869 | 114.31% | 0.8% |
Metropolitan Life | 1 100 | 2 150 | 2 401 | 4 295 | 3 731 | -13.14% | 0.6% |
SAHAM (4) | 1 488 | 1 675 | 1 804 | 1 901 | 2 818 | 48.24% | 0.5% |
Corporate | 1 805 | 2 164 | 2 406 | 2 697 | 2 538 | -5.88% | 0.4% |
Cannon Assurance | 5 875 | 1 884 | 1 909 | 3 842 | 1 848 | -51.90% | 0.3% |
Prudential Life (5) | 1 908 | 1 752 | 1 463 | 1 832 | 1 276 | -30.34% | 0.2% |
Geminia | 337 | 438 | 653 | 874 | 877 | 0.30% | 0.1% |
First Assurance | 620 | 716 | 818 | 1 489 | 770 | -48.28% | 0.1% |
The Monarch | 244 | 271 | 570 | 588 | 307 | -47.80% | 0.1% |
Capex Life | 177 | 143 | 174 | 240 | 294 | 22.70% | 0.1% |
Takaful | - | - | - | - | 266 | - | 0.05% |
Heritage | 4 668 | 3 213 | - | - | - | - | - |
Total | 369 878 | 433 125 | 517 174 | 639 848 | 586 407 | -8.39% | 100% |
(2) Ex cfc life
(3) Ex Apollo
(4) Ex Merchantile
(5) Ex Shield
Exchange rate KES/USD as at 31/12 | 2011 | 2012 | 2013 | 2014 | 2015 |
0.01196 | 0.01168 | 0.01175 | 0.01123 | 0.00948 |