Equity Life Assurance feted Best Insurer by Think Business 2024

 Equity Life Assurance has been honored as the best life insurance underwriter at the Think Business Insurance Awards 2024. Equity Life Assurance 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 was recognized as the best general insurer of the year and also topped as the medical underwriter of the Year – Group Medical. They were also awarded as the best in risk management.

Other notable winners included AAR Insurance Kenya, recognized as the medical underwriter of the year-personal, and best company in product innovations, and First Assurance Company Limited which was awarded best insurance company in technology application and best in major loss. Equity Bancassurance Intermediary was recognized as the overall best bancassurance intermediary, while Zamara Risk & Insurance Brokers Limited was distinguished as the overall best insurance broker of the year.

Angela Okinda, CEO of Equity Life Assurance was 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 as the Young Insurance Achiever of the year.

Mr. Ochieng Oloo, Founder and CEO of Think Business, highlighted that this year’s theme is “The future of insurance is green” “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 awards seek to celebrate innovations, prudence and sustainability in the insurance sector for players embracing innovation in product development and distribution, enhanced risk management practices, investing in the profession, adopting good corporate governance practices, as well as engaging in sustainable social corporate responsibility projects.

The Think Business Insurance 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.