The region’s leading insurers are leveraging capital strength to grow premiums and invest in new products. This shift is accelerating insurance penetration across East Africa.
Rising capital buffers among East Africa’s insurers signal improved regulatory compliance and market maturity. Firms with stronger capitalization are better positioned to weather economic shocks and capture growth opportunities.
Discover East Africa’s most capitalized insurers, with country base, assets, footprint and strengths shaping the region’s insurance sector.
Rank
Insurer
Capital / Asset (USD)
Country Base
Footprint
Key Strength
1
Jubilee Holdings
Equity ~ $393M Assets ~ $1.64B
Kenya
KE, UG, TZ, BI
Largest insurer in E. Africa; diversified life, health, general with highest assets.
2
Britam Holdings
Assets estimate (2019) ~ $1.0B+
Kenya
KE, UG, TZ, RW, SS, MOZ, MW
Strong pan-African insurer with diversified products.
3
Old Mutual Holdings
Not standardised; large regional group
Kenya
KE, UG, SS, RW, TZ, DRC, MU
Pan-African insurer & asset manager with broad reach.
4
Equity Life Assurance (Kenya)
High GWP; equity proxies
Kenya
KE
Leading life insurer with strong growth.
5
APA Insurance (Kenya)
GWP & market share leader
Kenya
KE
Large non-life insurer with strong motor & SME focus.