CIC Insurance Mombasa started as an Insurance agency in 1968. As a department within the Kenya National Federation of Cooperatives. Ten years later, we were licensed as a composite insurance company. To write all classes of business trading in the name of Cooperative Insurance services.
CIC General Insurance Limited was incorporated on 29th July 2009. As a wholly owned subsidiary of CIC Insurance Group Plc. In compliance with Insurance Regulatory Authority (IRA) directive. Separating business of life and general. It was duly registered on 27th November 2012.
CIC Asset Management Ltd (CICAM) was incorporated in 2007 and was licensed as a fund manager by the Capital Markets Authority, Kenya in June 2009. In 2013, CICAM was licensed by the Retirement Benefits Authority, Kenya. Under fulfilling the mandatory statutory, operational capacity, and relevant professional expertise. As prescribed under the Act.
CIC Insurance Mombasa has remained a key player in the investment space and continues to record exemplary performance. It is by this performance that the company share capital base was increased from Ksh. 11 Million to Ksh. 311 Million by way of capital injection in 2011 by CIC Insurance Group Ltd to support and sustain future growth.
CIC Asset Management Ltd (CICAM) has specialized in the management of investment portfolios. For pension fund schemes, collective investment schemes, and private clients. She is a market leader in this space commanding an impressive 41.41% of the market share in the collective investment space as of September 2021.