College of Insurance
College of Insurance is a Kenyan private educational institution offering insurance, pensions, risk management, and actuarial qualifications — including the mandatory COP for insurance agents — to professionals, brokers, trustees, and corporate clients, with complementary hospitality and conference services.
- Company typePrivate
- Founded1990
- HeadquartersNairobi, Kenya
- Headcount11–50
- GTM typeB2B
- OfferingServices
What College of Insurance does
College of Insurance (COI) is a private Kenyan educational institution founded in 1990 by the Insurance Training and Education Trust (ITET) under the Trustees Act, governed by trustees drawn from the insurance industry, government, and other stakeholders. It is positioned as the premier specialist college for insurance, risk management, pensions, actuarial science, and loss-adjusting education in East and Central Africa, anchored by the Certificate of Proficiency (COP) — a 3-month program that the Kenyan government made mandatory for all insurance agents in 1996. The portfolio includes a two-year Diploma in Insurance, a one-year Craft Course in Insurance (CCI), the 5-day Trustee Development Program Kenya (TDPK) for pension fund trustees, a 3-month Award in Bancassurance, the 2-week Executive COP (ECOP), over 40 short courses, and CII (London) examination delivery.
Revenue is generated through four principal streams: academic course fees (diploma, certificate, and professional courses including KES 1,000 application fees, KES 2,000 annual registration, and KES 3,000 examination entries per paper); examination fees (with late entries at a 50% premium and exemptions at KES 5,000); short courses and seminars priced between KES 30,000 and KES 60,000; and hospitality services including accommodation, conferencing (KES 3,200 per person per day), catering, and wedding venues (KES 50,000–70,000). Distribution combines two physical campuses (Nairobi headquarters in South C and Mombasa), a Moodle-based e-learning platform (coi.mrooms.net), a self-service student portal (portal.coi.ac.ke), and a network of examination centers across Kenya (Nairobi, Mombasa, Kisumu, Nyeri, Eldoret) and one international site in Kampala, Uganda. The institution holds examination-affiliate relationships with AKI, AIBK, IIK, IRA, ILARS, KNIEB, and CII, and partners with regulatory bodies (IRA, RBA, CMA) and universities (University of Nairobi, Moi University, MUA) for outreach, curriculum, and capacity.
COI operates as a not-for-profit trust-entity educational institution with industry and government oversight rather than a venture- or equity-backed business. Reported scale is 6,000 enrolled students and 250 staff members across two campuses.
College of Insurance firmographics
Firmographics- Name
- College of Insurance
- Legal name
- College of Insurance
- Website
- https://coi.ac.ke
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- College of Insurance is a Kenyan private educational institution offering insurance, pensions, risk management, and actuarial qualifications — including the mandatory COP for insurance agents — to professionals, brokers, trustees, and corporate clients, with complementary hospitality and conference services.
- Ownership category
- akta.pro rank
College of Insurance industry classification
Industry- Product category
- Professional Insurance Education
- NAICS
- Colleges, Universities, and Professional Schools (6113), Technical and Trade Schools (6115)
- SIC
- Services-Educational Services (8200)
- akta.pro primary industry
- Insurance (EDABALAQ)
- akta.pro secondary industries
- Financial Services & Insurance (FINRA, CFP, IAR, Insurance CE) (EDAAALAJ), Insurance (EDAAAPAH)
Keywords
Where College of Insurance is headquartered
LocationHeadquarters
- HQ city
- Nairobi
- HQ country
- Kenya
- HQ region
- Africa
Offices2 records
Markets served
College of Insurance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Academic Course Fees: Revenue from diploma, certificate, and professional courses in insurance, risk management, pensions, and actuarial science. Includes application fees (Ksh 1,000), registration fees, and tuition.
- Examination Fees: Revenue from conducting insurance examinations. Charges include normal examination entry fees (Ksh 3,000 per paper), late entry fees (50% premium), and exemption fees (Ksh 5,000).
- Short Courses and Seminars: Revenue from short professional development courses in specialized insurance topics ranging from 1-5 days, with fees varying by program.
- Hospitality Services: Revenue from accommodation, conference facilities, catering, and event hosting including weddings. Includes venue hire, full board packages, and restaurant services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Certificate of Proficiency (COP) - Entry Level |
| Subscription | Annual | Diploma in Insurance - 2 Year Program |
| Subscription | Annual | Craft Certificate Course in Insurance (CCI) - 1 Year |
| One time/ perpetual license | Multi-year contract | Trustee Development Program Kenya (TDPK) |
| Subscription | Annual | Award in Bancassurance |
| Unit Pricing | Pay-as-you-go | Conference Packages |
| Unit Pricing | Pay-as-you-go | Meal Rates |
| Unit Pricing | Pay-as-you-go | Wedding Venue Packages |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
College of Insurance product offering
Product offeringCore offering
College of Insurance delivers professional education and certification programs in insurance, risk management, pensions, and actuarial science through diploma, certificate, and short course formats, both in-person and online. It also serves as an examination center for local and international insurance qualifications. The institution additionally operates hospitality services including conference facilities, accommodation, catering, and wedding venues on its Nairobi campus.
Product overview
College of Insurance operates as a dual-offering institution providing both educational programs and hospitality services. The educational portfolio includes seven core programs: Diploma in Insurance (2-year), Craft Course in Insurance CCI (1-year), Certificate of Proficiency COP (3-month, mandatory for insurance agents), Chartered Insurance Institute Courses CII (6-month, international), Trustee Development Program TDPK (5-day), Award in Bancassurance (3-month), and Executive Certificate of Proficiency ECOP (2-week). The institution also offers over 40 short courses spanning insurance specializations. Beyond academics, the institution operates hospitality services including catering/restaurant (500-capacity), accommodation (luxury rooms), conferencing (up to 300 delegates), pool lounge/recreation, and wedding venues. Two digital platforms support operations: a Student Portal (portal.coi.ac.ke) for admissions and records, and an E-Learning Platform (coi.mrooms.net) based on Moodle for online coursework.
Differentiator
Problem solved
Functional benefit
Products and services
- Diploma in Insurance A 2-year diploma program covering insurance at both Associate and Fellowship levels, with subjects including Legal Aspects of Insurance, Life Assurance, Fire Insurance, and Reinsurance. Targeted at insurance professionals seeking advanced qualifications.
- Craft Course in Insurance (CCI)
Quantifiable outcome
- First examinations held in 1997 for COP program
- +2 more outcomes
Companies that use College of Insurance
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles4 records
College of Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature1 record
College of Insurance partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core, flagship and minor.
- Insurance Regulatory Authority (IRA)coreIRA partners with the college for county training programs including Executive COP training in various Kenyan counties (Kilifi, Nakuru, Wajir). IRA is the regulatory body overseeing insurance in Kenya.
- Association of Kenya Insurers (AKI)coreThe college is an examination affiliate for AKI, one of the major insurance industry bodies in Kenya. Industry stakeholders established the college through ITET.
- The Association of Insurance Brokers of Kenya (AIBK)coreExamination affiliate partnership with AIBK for insurance broker professional examinations.
- Insurance Institute of Kenya (IIK)coreAffiliation for insurance professional examinations through IIK.
- Insurance Training and Education Trust (ITET)flagshipITET is the founding entity that established the College of Insurance. ITET was incorporated under the Trustees Act (Cap 64) with trustees drawn from the insurance industry, government, and other stakeholders.
- Chartered Insurance Institute (CII) - LondoncoreThe college serves as an examination center for CII (London) international insurance qualifications. The college was established partly in response to CII being expensive and less consonant with local market needs.
- Institute of Loss Adjusters and Risk Surveyors (ILARS)coreExamination affiliate for loss adjusting and risk surveying professional qualifications.
- Retirement Benefits Authority (RBA)coreRegulatory partner for pensions and retirement benefits training and education programs.
- Kenya National Insurance Examinations Board (KNIEB)coreExamination affiliate for KNIEB insurance examinations.
- Organization of Eastern and Southern Africa Insurers (OESAI)minorRegional insurance organization partnership for East and Southern Africa insurance training and standards.
- Capital Markets Authority (CMA)minorRegulatory partner for capital markets related insurance training programs.
- University of NairobiminorAcademic partner university for higher education collaborations.
- Moi UniversityminorAcademic partner university and examination center location (Eldoret).
- Management University of Africa (MUA)minorAcademic partner for management education collaborations.
- African Insurance OrganisationminorContinental insurance organization partnership for pan-African insurance training initiatives.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
College of Insurance competitors and assessment
Company assessmentRegional players
- Makerere University: Uganda's largest university, where COI operates its international examination center in Kampala. Represents both a partnership host and regional higher education competition for actuarial and insurance qualifications across East Africa.
- Insurance Institute of South Africa (IISA): South African insurance professional training institution with similar mission of providing certified insurance qualifications across the African insurance market. Operates as the dominant insurance training body in a different geography within the same regional ecosystem.
Broad incumbents
- Strathmore University: Leading Kenyan private university offering actuarial science, finance, and business programs. Represents competition for higher-tier insurance and finance credentials as degree-level programs become the new standard for senior insurance roles.
- Kenya Institute of Management (KIM): Established Kenyan professional training institution offering management and business courses with recognized credentials. While not insurance-specific, KIM competes for the same corporate training budgets and individual professional development spend in Kenya.
- Chartered Insurance Institute (CII): Global gold standard for insurance professional qualifications based in London. COI serves as an examination center for CII programs and competes against CII's curriculum for the most ambitious East African insurance professionals seeking internationally portable credentials.
- University of Nairobi: Kenya's premier public university with actuarial science and insurance-related degree programs. A direct competitor for degree-level credentials and academic partnerships in the insurance space, and a potential partner for articulation pathways from COI diplomas.
Direct peers
- Insurance Institute of Kenya (IIK): Kenyan insurance professional training body providing certifications and continuing education for the insurance industry. Both COI and IIK serve the same Kenyan insurance workforce with overlapping professional certification offerings and similar mission.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
College of Insurance social profiles
Digital presenceCollege of Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
College of Insurance leadership team
Management profileNumber of profiles
College of Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
College of Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about College of Insurance
What does College of Insurance do?
College of Insurance delivers professional education and certification programs in insurance, risk management, pensions, and actuarial science through diploma, certificate, and short course formats, both in-person and online. It also serves as an examination center for local and international insurance qualifications. The institution additionally operates hospitality services including conference facilities, accommodation, catering, and wedding venues on its Nairobi campus.
Is College of Insurance a public or private company?
College of Insurance is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was College of Insurance founded?
College of Insurance was founded in 1990. It employs 11 to 50 people.
Where is College of Insurance based?
College of Insurance is headquartered in Nairobi, Kenya, in the Africa region.
How does College of Insurance make money?
Four revenue lines are on record. Academic Course Fees are the primary driver. The others are examination Fees, short Courses and Seminars and hospitality Services.
Who are College of Insurance's main competitors?
Regional players on record are Makerere University and Insurance Institute of South Africa (IISA). Broad incumbents are Strathmore University, Kenya Institute of Management (KIM), Chartered Insurance Institute (CII) and University of Nairobi. Insurance Institute of Kenya (IIK) is listed as a direct peer.
Does College of Insurance have an API?
No public API is recorded for College of Insurance.
What industry is College of Insurance in?
College of Insurance's product category is Professional Insurance Education. Its primary akta.pro industry code is EDABALAQ, Insurance, with a secondary code of EDAAALAJ, Financial Services & Insurance (FINRA, CFP, IAR, Insurance CE). Its NAICS code is 6113 and its SIC code is 8200.