Africa & Middle East
|Date joined:||28 November, 2016|
|Initiatives:||Principles for Sustainable Insurance|
ICEA Lion Life Assurance Company Limited is a subsidiary of the ICEA Lion Insurance Holdings Limited, which was formed as a result of a merger between Insurance Company of East Africa Limited (ICEA) and Lion of Kenya Insurance Company Limited (LOK) in 2011.
ICEA Lion Life Assurance Company Limited and Insurance Company of East Africa Limited were well known insurance and financial services market leaders in Kenya and the wider Eastern Africa region. The merger resulted in the creation of one of the largest insurance groups in the region, with well established insurance operations in Kenya, Uganda and Tanzania as well as leading subsidiaries in fund management and corporate trusteeship.
A key element of this consolidation has been the establishment of separate life and non-life insurance companies in Kenya. ICEA Lion Life Assurance Company Limited is a dedicated life assurer while ICEA Lion General Insurance Company is a general insurance company with both operating as subsidiaries of ICEA Lion Insurance Holdings Limited.