Kenyan cooperative insurer, CIC Insurance Group, took a clear stand to pay claims resulting from losses due to political violence, unlike some insurance companies that have attached conditions to honoring such claims. Post-election related claims paid by the company amounted to about Kshs. 100 million (USD 1.2 million), mainly from small businesses owned by members […]

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 […]