AIG Kenya Insurance Company

What AIG Kenya Insurance Company does

AIG Kenya Insurance Company was a Nairobi-based general insurance provider serving small and middle-sized enterprises in Kenya. It operated as a subsidiary of American International Group, Inc. (NYSE: AIG; founded 1919), giving it access to the parent's diversified product portfolio spanning casualty, commercial property, cyber, excess and surplus lines, management and professional liability, specialty risks (aviation, trade credit, political risk, energy, marine), multinational solutions, programs, and individual and family coverage. Distribution historically relied on broker and agent networks, direct enterprise sales, and digital self-service portals (IntelliRisk for claims risk management; myAIG client portal), with the parent operating across approximately 190 countries and jurisdictions with 25,000+ colleagues globally.

In 2024, NCBA Insurance completed a 100 percent acquisition of AIG Kenya from AIG Group, Inc., transferring full ownership and integrating the entity into NCBA Insurance's operations. The entity's operating status is now recorded as "acquired" and it no longer operates under the AIG brand. The transaction was positioned by NCBA as a mechanism for deeper insurance market penetration in Kenya and East Africa, leveraging the expanded capabilities inherited from the AIG product platform. No revenue figure for AIG Kenya Insurance Company is publicly disclosed; the Kenyan insurance sector as a whole reached Sh352.29 billion in premiums as of September 2025, and the country remains characterized by below-global-average insurance penetration driven by fraud, delayed claims, and consumer skepticism.

Name

AIG Kenya Insurance Company

Legal name

American International Group, Inc.

Website

https://aig.co.ke

Company type

Public

Founded year

1919

Operating status

Acquired

Headcount range

11–50 employees

Short description

AIG Kenya Insurance Company was a Nairobi-based general insurance provider serving small and middle-sized enterprises in Kenya. In 2024, it was fully acquired by NCBA Insurance and is no longer operated under the AIG brand.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Agencies, Brokerages, and Other Insurance Related Activities (5242), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Property Insurance (FSAJACAE)

akta.pro secondary industries

Product Liability (FSAJADAC), Kidnap, Ransom & Extortion (K&R) (FSAJAGAM)

Keywords

• General insurance services
• Commercial property insurance
• Cyber insurance coverage
• Trade credit insurance
• Management liability insurance

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Distribution channels3 records

Marketing channels1 record

Core offering

AIG Kenya Insurance Company underwrites and distributes general insurance products for Kenyan businesses and individuals, including casualty, commercial property, cyber, management and professional liability, specialty risks, multinational programs, and personal lines coverage. Distribution is executed through appointed broker and agent networks, direct enterprise sales, and digital self-service portals such as myAIG and IntelliRisk for policy and claims administration.

Product overview

AIG offers a comprehensive, platform-based insurance portfolio organized under the AIG Risk Solutions umbrella. The core platform encompasses multiple product lines including Accident & Health, Casualty (with sub-products like Excess Casualty, Primary Casualty, Environmental, Trucking), Commercial Property, Cyber, Excess & Surplus Lines (Lexington brands, Western World, LexPro), Management & Professional Liability, Specialty Risks (Aviation, Trade Credit, Political Risk, Energy, Marine), Multinational Solutions, and Programs. Supporting digital infrastructure includes IntelliRisk Claims Risk Management, myAIG Client Portal, and the AIG Multinational Insurance Fundamentals training platform. Individual and family coverage is available through the Individuals & Families Solutions line. In Kenya, the company was formerly operated as AIG Kenya Insurance Company before its acquisition by NCBA Insurance in 2024.

Differentiator

Problem solved

Functional benefit

Products and services

• Accident & Health Insurance

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• Madison Insurance Company Kenya: Local Kenyan general insurer serving SMEs and individuals with P&C products. Direct competitor to AIG Kenya in the SME commercial segment, though smaller in scale.
• Sanlam Kenya: Kenyan arm of South African insurance group Sanlam, offering general insurance among other lines. Comparable to AIG Kenya in serving Kenyan SMEs and corporates with P&C coverage.
• ICEA Lion Group: Kenyan insurance group providing general and life insurance to corporate and SME clients. Overlaps with AIG Kenya's general insurance and SME target market.
• Jubilee Insurance Company of Kenya: One of the largest general insurance carriers in Kenya, serving SMEs and corporates with a broad P&C and health product set. Closest direct competitor to AIG Kenya's general insurance + SME focus, with comparable broker-driven distribution.
• UAP Old Mutual Insurance: Kenyan general insurer (part of Old Mutual) offering commercial and personal lines. Directly competes with AIG Kenya in SME commercial P&C and broker distribution.
• CIC Insurance Group: Kenyan insurance group with a strong SME and cooperative-channel book. Comparable to AIG Kenya in general insurance and SME focus, with similar bancassurance-style distribution via cooperative societies.
• APA Insurance (Old Mutual): Kenyan general insurer within the Old Mutual group, focused on corporate and SME commercial lines. Comparable product mix and customer segment to AIG Kenya.
• Britam Holdings: Major Kenyan insurance group offering general insurance, life, and asset management. Competes directly with AIG Kenya for SME and corporate P&C accounts in Kenya and East Africa.
• Kenya Orient Insurance Limited: Kenyan general insurer offering commercial and personal lines to SMEs and corporates. Competes with AIG Kenya in the same broker-distributed P&C space.

Broad incumbents

• Allianz Insurance Kenya (formerly Jubilee Allianz): Local presence of global insurer Allianz offering P&C and life products. Comparable to AIG Kenya for SME and corporate general insurance, with the backing of a global network similar to AIG's prior positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xtwitter.com/AIGInsurance
• YouTubeyoutube.com/user/AIG
• Facebookfacebook.com/AIGInsurance
• LinkedInlinkedin.com/company/aig
• Instagraminstagram.com/aiginsurance

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AIG Kenya Insurance Company