Equity Group to set up a general insurance business
The Insurance Regulatory Authority gave the lender in principle approval to set up a general insurance company. The license application follows the launch of Equity Life Assurance Kenya last year. The product achieved some milestones in the nine months of…
The Insurance Regulatory Authority gave the lender in principle approval to set up a general insurance company. The license application follows the launch of Equity Life Assurance Kenya last year. The product achieved some milestones in the nine months of operation, including attaining an overall market share of 2.9%. It is this success that inspired their move into the general insurance business. Jonas Mushosho has been appointed inaugural chair subject to regulatory approval.
