CIC launches microinsurance unit to expand affordable cover
The new subsidiary, CIC Impact, will offer simplified insurance products designed to improve financial inclusion and strengthen the resilience of underserved communities...
✨ Key Highlights
CIC Insurance Group has launched a new dedicated microinsurance subsidiary, CIC Impact, to expand affordable insurance coverage to low- and middle-income earners and MSMEs in Kenya.
- The new subsidiary aims to reach the informal sector, which employs about 83 percent of Kenyans.
- Key figures involved in the launch include CIC Insurance Group Chairman Dr. Nelson Kuria and CIC Insurance Group Managing Director and CEO Patrick Nyaga.
- CIC Impact will offer simplified products with annual premiums starting below Sh3,000, distributed through digital platforms and partner networks.
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