Kenya

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

The Association of Kenya Insurers
Web: www.akinsure.com

 

POPULATION, 2011-2014 (1)

Year Population
2011 41,070,934
2012 43,013,341
2013 44,037,656
2014 45,010,056

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $66.5
2010 63.5
2011 66.0
2012 71.5
2013 79.9

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $1,152
Life premiums 632
Total premiums $1,784
Percent of total world premiums 0.04%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2014

 

  Gross written premiums
Company KES Mn USD Mn
Jubilee Insurance Co. 10,120.2 115.1
CIC General Insurance 9,552.6 108.7
APA Insurance Co. 7,804.0 88.8
UAP Insurance Co. 7,533.0 85.7
ICEA LION General Insurance 5,254.1 59.8
Britam 5,001.1 56.9
AIG Kenya Insurance Co. 4,090.6 46.5
Heritage Insurance Co. 4,026.6 45.8
GA Insurance Co. 3,816.8 43.4
AAR Insurance Kenya 3,560.5 40.5

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company KES Mn USD Mn
Jubilee Insurance Co. 11,064.3 125.8
Britam 10,113.3 115.0
ICEA Lion Life Assurance Ltd. 6,536.1 74.3
Pan Africa Insurance 5,569.8 63.4
Liberty Life Assurance 4,395.6 50.0
CIC Life Assurance 4,286.8 48.8
UAP Life Assurance 2,594.0 29.5
Kenindia Assurance Co. Ltd. 2,531.8 28.8
Pioneer Assurance Co. 2,464.3 28.0
Old Mutual Life Assurance Co. 1,645.5 18.7

Source: Axco Insurance Information Services.

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