CIC Insurance Group

Name: CIC Insurance Group N° of Employees: 327
City: Nairobi N° of Members: 1000000
Country: Kenya Year of formation: 1975
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The CIC Insurance Group comprises CIC General Insurance limited,CIC Life Assurance limited and CIC Asset Management limited. The Company has been in operation for the last 33 years. CIC is owned by about 1,562 Co-operative Societies and around 3,875 individual Co-operators with the Co-operative Bank of Kenya Limited holding a 26% stake. CIC is the market leader in providing insurance services to the co-operative and low-income market segments in Kenya. As a composite Insurance company offering a wide range of products such as General Insurance, life Assurance, pension, medical and Asset management services, CIC now occupies 3rd position in terms of market share (2010) in the Kenyan Insurance market.

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