CIC Insurance Group Stock Price

The CIC Insurance Group Plc provides general and life insurance products and services in Kenya, South Sudan, Uganda, and Malawi. It operates through Long-Term Business, General Insurance Business, Asset Management, and Other segments. The company offers life insurance products, including term policies, endowment, whole life, unit link, pensions and annuities, and education policies, as well as group life and group credit life for banks and co-operatives; and general insurance products, such as engineering, fire, liability, marine, motor private, motor commercial, accident, theft, workmen’s compensation, crop insurance, political violence and terrorism, sportsmen, forestry and aquaculture insurance, and medical insurance products covering corporate schemes, individuals, and SMEs. It also provides asset management products comprising money market, equity fund, balanced fund, fixed income, wealth fund, dollar fund, and pension fund management that includes segregated schemes, umbrella retirement schemes, discretionary wealth management, and income drawdown fund; and advisory services. In addition, the company offers microinsurance products, including coopcare product, livestock, biashara salama, jikinge, group funeral expense, and personal accident cover for students on attachment. Further, it provides risk assessment and underwriting, claims processing and settlement, policy management, investment management, financial planning and retirement solutions, insurance education and training programs, loss prevention, and fraud prevention services. The company was formerly known as The Co-operative Insurance Company of Kenya Limited and changed its name to CIC Insurance Group Plc in September 2010. The company was founded in 1968 and is based in Nairobi, Kenya. The CIC Insurance Group Plc is a subsidiary of Co-Operative Insurance Society Limited.