This is a list of all CIC Kenya Offices. CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. CIC Group has a network of branches and operational subsidiaries spread across the 4 countries. The group’s headquarters are located in CIC Plaza, Mara Road, Upperhill in Nairobi, Kenya. CIC Insurance Group is leading Micro and Co-operative insurance provider in Kenya with its subsidiaries involved in fund, Reits and Asset Management, general, Health and Group & Individual Life, pension and annuities. The Group expanded regionally to set its footprint in Uganda, South Sudan and Malawi in 2015.
The Group’s origins in Kenya date back to 1968 when it was a department within the Kenya National Federation of Co-operatives. In 1978, the department was registered and licensed as Co-operative Insurance Services Limited, a composite insurance company to write all classes of business with its target market, the cooperative movement.
In 1999, the company was changed to the Co-operative Insurance Company of Kenya Limited (CIC) and later to CIC Insurance Group Limited in 2010. This change was in preparation for the de-merger of its life and general business operations.
The Group made its debut on the Nairobi Securities Exchange (NSE) on 18 July 2012. This made it the 6th insurance company to be listed on the NSE and the 60th company to be listed on the NSE overall.
In 2014, CIC Group announced its intention to expand to Uganda, South Sudan, Tanzania, Rwanda and Malawi. In South Sudanese market, the Group plans to set up a greenfield operation in which it would hold 69 per cent of issued capital in a new local entity while the Cooperative Bank of South Sudan (a subsidiary of the Cooperative Bank of Kenya) would take up the remaining 31 per cent. This expansion would be pegged on the resolution of the South Sudanese Civil War. In Uganda, the Group aims to partner with the Uganda Cooperatives Savings and Credit Union to establish an insurance company in which CIC Insurance Group would own 40 per cent of the unit. CIC Group stated that in Malawi, it would start with a 70 per cent stake in a new subsidiary with the remaining being held by the Malawi Union of Savings and Credit Cooperative and the Farmers Union of Malawi (FUM).
According to the Insurance Regulatory Authority report released in September 2014, CIC Insurance was ranked third in market share with 9% of the market behind Jubilee Insurance and Britam, who controlled 11.9% and 11.2% respectively.
Subsidiaries and associated companies
The companies that comprise the CIC Insurance Group Limited include, but are not limited, to the following:
- CIC General Insurance Limited – Nairobi, Kenya – 100% Shareholding – The flagship company of the group. Offering general insurance.
- CIC Life Assurance Limited – Nairobi, Kenya – 100% Shareholding – Offering life insurance.
- CIC Asset Management Limited – Nairobi, Kenya – 100% Shareholding – Offering financial services, investment management, Investment advisory and REITs
- CIC Africa Insurance (SS) Limited – Juba, South Sudan 69% Shareholding – Offering Insurance. (31% shareholding is by Co-op Bank South Sudan)
- CIC Africa Insurance (Malawi) Limited – ??% Shareholding – Offering Insurance. (??% Malawi Union of Savings and Credit Cooperatives)
- CIC Africa Insurance Uganda Limited – Kampala, Uganda – ??% Shareholding
- Takaful Insurance of Africa Limited
The shares of the CIC Insurance Group Limited are listed on the NSE, where it trades under the symbol CIC. As of 31 December 2013, the five largest shareholders in the Group’s stock are depicted in the table below:
|Rank||Name of Owner||Percentage Ownership|
|1||Cooperative Bank of Kenya||35.71|
|2||Co-operative Bank Savings & Credit Society Ltd||9.63|
|3||K-Unity Savings & Credit Co-operative Society||3.21|
|4||Harambee Co-operative Savings & Credit Society ltd||1.81|
|5||Embu Farmers Savings & Credit Co-Operative Society||1.78|
|6||Others Local and International Investors||52.14|
Here is a List of CIC Kenya Offices
|Branch Name||Phone Contact||Email Contacts||Physical Location/address||Region|
|BOMET BRANCH||0703 099 email@example.com||Isenya Building, 2nd Floor||Rift Valley|
|BUNGOMA BRANCH||(055) 203 firstname.lastname@example.org||Simali House 1st Floor, Moi Avenue||Western|
|BURU BURU BRANCH||0703 099 email@example.com||Mesora Centre, 1st Floor Mumias Road||Nairobi|
|CIC Head Office||(+254) 703 099 120 (020) 282 firstname.lastname@example.org||CIC Plaza, Mara Road, Upperhill Nairobi, Kenya||Head Office|
|ELDORET BRANCH||0703 099 email@example.com||Co-operative Building, 1st Floor Ronald Ngala Street||Rift Valley|
|EMBU BRANCH||0703 099 firstname.lastname@example.org||Sparko Building, 3rd Floor above Family Bank||Eastern|
|HOMABAY BRANCH||(059) 212 email@example.com||Cold Springs Plaza, Ground Floor||Western|
|KAKAMEGA BRANCH||(056) 203 0242, (056) 203 firstname.lastname@example.org||Walia’s Centre, Ground Floor||Western|
|KERICHO BRANCH||0703 099 email@example.com||Imarisha Building, Ground Floor||Rift Valley|
|KIAMBU BRANCH||0703 099 firstname.lastname@example.org||Bishop Ranji Cathedral Plaza, 2nd & 3rd Floor||Lower Central|
|KILIFI BRANCH||0703 099 email@example.com||Al Madina Plaza, 1st Floor||Coast|
|KISII BRANCH||0703 099 700, 0703 099 firstname.lastname@example.org||Lengetia Place, 2nd Floor Kisii-Kisumu Highway||Western|
|KISUMU BRANCH||0703 099 email@example.com||Wedco Centre, Mezzanine Floor Oginga Odinga Road||Western|
|KITALE BRANCH||0703 099 firstname.lastname@example.org||Mega Center, 1st Floor||Rift Valley|
|KITENGELA BRANCH||0703 099 email@example.com||Kitengela Mall, 4th Floor||Nairobi|
|MACHAKOS BRANCH||0703 099 firstname.lastname@example.org||ABC Imani Plaza, 2nd Floor||Lower Central|
|MERU BRANCH||0703 099 email@example.com||Alexander House, 1st Floor Ghana Street||Eastern|
|MOMBASA BRANCH||0703 099 firstname.lastname@example.org||Furaha Plaza Ground Floor, Nkrumah Road||Coast|
|NAIVASHA BRANCH||0703 099 email@example.com||Eagle Center, 1st Floor Mbariu Kaniu Road||Rift Valley|
|NAKURU BRANCH||0703 099 firstname.lastname@example.org||Mache Plaza, 2nd Floor Geoffrey Kamau Road||Rift Valley|
|NANYUKI BRANCH||0703 099 email@example.com||Pearl Place, 1st Floor||Upper Central|
|NYAHURURU BRANCH||(065) 203 firstname.lastname@example.org||Kimwa Centre, 2nd Floor Kenyatta Avenue||Upper Central|
|NYERI BRANCH||0703 099 email@example.com||Co-operative Union Building 3rd Floor,||Upper Central|
|THIKA BRANCH||0703 099 firstname.lastname@example.org||Thika Arcade, 6th Floor||Lower Central|
|TOWN OFFICE||Mobile: 0703 099 500 Tel: (020) 329 email@example.com||Reinsurance Plaza Mezzanine Floor, Aga Khan Walk||Nairobi|
|WESTLANDS BRANCH||0703 099 firstname.lastname@example.org||Pamstech House 2nd Floor, Woodvale Grove||Nairobi|
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