Kenindia Insurance to extend to counties
By KBC Reporter
Leading insurance companies in Kenya will soon establish its services at the county levels.
Kenindia Insurance company chief executive Officer Vinod Bharatan said macro-insurance and micro-insurance covers will be extended to the grassroot levels to benefit those in need there.
Speaking during a prizes awarding ceremony to its brokers and agents at a Nairobi hotel, Vinod noted that the Kenyan economy is touted as the fastest growing and most vibrant in East Africa, therefore, effective insurance market is needed.
He said the company will start establishing its bases in Thika, Meru and Nakuru before the end of this year.
The CEO revealed that Kenindia Insurance spent 600 million shillings as compensation to Westgate Mall owners following a terror attack in September 2013.
Insurance Regulatory Authority Commissioner Sammy Makove further urged other insurance companies to avail their services to low income economies and make them affordable.