Citizen Digital·3 min read·medium
CIC’s new microinsurance subsidiary to offer affordable insurance solutions to Kenyans
C
Citizen Reporter
✦AI Summary
CIC Insurance Group has launched a new subsidiary, CIC Impact, to provide affordable microinsurance solutions to low- and middle-income Kenyans. The initiative aims to increase financial inclusion for the informal sector, which currently lacks access to traditional insurance products.
Through the new subsidiary, the insurer will offer a portfolio of accessible microinsurance solutions tailored for low- and middle-income earners, micro, small and medium enterprises (MSMEs), farmers and cooperatives, reinforcing its commitment to deepening financial inclusion and strengthening economic resilience.
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