List of IRA-Licensed Bancassurance Intermediaries in Kenya
Bancassurance is a growing distribution model that allows banks to provide insurance services directly to their customers on behalf of licensed insurers. This convenient setup allows clients to access a wide range of insurance products—such as life, medical, motor, and property covers—right at their local bank branches or through digital platforms.
In Kenya, bancassurance intermediaries are officially licensed and regulated by the Insurance Regulatory Authority (IRA). As of 2025, a total of 17 companies are licensed to operate as bancassurance intermediaries, facilitating seamless integration between banking and insurance services.
List of Licensed Bancassurance Intermediaries in Kenya
| No. | Company Name | License Number |
|---|---|---|
| 1. | Absa Bancassurance Intermediary Limited | IRA/14/001/2025 |
| 2. | Caritas Bancassurance Intermediary Limited | IRA/14/030/2025 |
| 3. | Co-op Bancassurance Intermediary Limited | IRA/14/004/2025 |
| 4. | Credit Bank Bancassurance Intermediary Limited | IRA/14/014/2025 |
| 5. | Family Bank Bancassurance Intermediary Limited | IRA/14/007/2025 |
| 6. | Faulu Bancassurance Intermediary Limited | IRA/14/008/2025 |
| 7. | HF Bancassurance Intermediary Limited | IRA/14/009/2025 |
| 8. | I&M Bancassurance Intermediary Limited | IRA/14/010/2025 |
| 9. | KCB Bancassurance Intermediary Limited | IRA/14/011/2025 |
| 10. | Kingdom Bancassurance Intermediary Limited | IRA/14/021/2025 |
| 11. | NBK Bancassurance Intermediary Limited | IRA/14/015/2025 |
| 12. | NCBA Bancassurance Intermediary Limited | IRA/14/016/2025 |
| 13. | Prime Bank Bancassurance Intermediary Limited | IRA/14/028/2025 |
| 14. | Rafiki Microfinance Bancassurance Intermediary Limited | IRA/14/018/2025 |
| 15. | Sidian Bancassurance Intermediary Limited | IRA/14/019/2025 |
| 16. | SMEP Bancassurance Intermediary Limited | IRA/14/024/2025 |
| 17. | Stanbic Bancassurance Intermediary Limited | IRA/14/020/2025 |
Why Bancassurance Matters
Bancassurance offers several benefits, including:
- Increased accessibility: Clients can access insurance services where they already manage finances.
- Convenience: One-stop-shop banking and insurance.
- Speed: Faster policy issuance and claims processing through established bank infrastructure.
- Product diversity: Wide selection of life and non-life insurance products.
As the sector grows, customers can expect even more personalized insurance solutions integrated into digital and mobile banking experiences.
Need More Information? Contact the Regulator
For licensing status, complaints, or clarifications, reach out to the Insurance Regulatory Authority:
- Phone: 0719 047 000 / 020 499 6000
- Email: [email protected]
- Head Office: Zep-Re Place, Longonot Road, Upper Hill – Nairobi
Final Thoughts
Whether you’re a business owner, salaried worker, or managing family finances, bancassurance offers a trusted, efficient way to secure your future with reliable insurance—right from your bank. Be sure to verify your provider’s licensing status and choose from the authorized list to enjoy professional, regulated services.
READ MORE:Licensed Insurance Investigators in Kenya: 2025 Detailed Overview
