Equity Life Assurance has been honored as the best life insurance underwriter at the Think Business Insurance Awards 2024. The company also secured top accolades in the categories of the most customer-centric underwriter – Life, and the best insurance company in sustainable corporate social responsibility.
GA Insurance emerged as the best general insurer of the year and was recognized as the top medical underwriter of the Year – Group Medical. The company also received the award for excellence in risk management.
Other notable winners included AAR Insurance Kenya, which was recognized as the medical underwriter of the year for personal insurance and best company in product innovations. First Assurance Company Limited was awarded the best insurance company in technology application and best in managing major losses. Additionally, Equity Bancassurance Intermediary was acknowledged as the overall best bancassurance intermediary, while Zamara Risk & Insurance Brokers Limited was distinguished as the overall best insurance broker of the year.
Individual excellence was also celebrated, with Angela Okinda, CEO of Equity Life Assurance, being recognized as the Chief Executive Officer of the Year. Winnie Muchomba of First Assurance Company Limited was awarded Corporate Risk Manager of the Year, and Gilo Beryl Akinyi of ABSA Life was named the Young Insurance Achiever of the Year.
Equity Life Assurance group
Mr. Ochieng Oloo, Founder and CEO of Think Business, highlighted that this year’s theme, “The Future of Insurance is Green,” underscores the industry’s commitment to sustainability. “This year, the awards are designed to assess, recognize, and celebrate innovations, prudence, and sustainability in the sector by recognizing individuals and organizations that have exhibited outstanding performance in the sector over the past financial year,” he remarked.
The Think Business Insurance Awards aim to celebrate innovations, prudence, and sustainability in the insurance sector, honoring players who embrace innovation in product development and distribution, enhance risk management practices, invest in the profession, adopt good corporate governance practices, and engage in sustainable social corporate responsibility projects.
These awards continue to recognize and celebrate the outstanding achievements and contributions of Kenya’s insurance sector, fostering a competitive and innovative environment that benefits both the industry and its customers.