CIC Insurance South Sudan

What CIC Insurance South Sudan does

CIC Insurance South Sudan, legally registered as CIC Africa Insurance (SS) Limited, is a composite insurance company incorporated on 9 April 2014 under the South Sudan Companies Act 2012. It is a wholly-owned subsidiary of CIC Insurance Group Limited of Kenya, the largest co-operative insurer in Africa, and operates as the group's franchise in South Sudan. The company underwrites all classes of insurance and offers a portfolio of approximately 13 products organized into four customer-facing segments: Individual Solutions (motor, health, domestic, life, savings, retirement), Business Solutions (motor commercial, fire, burglary, engineering, liability, life), Corporates Solutions (large-ticket commercial and employee benefit lines), and Cooperatives Solutions (group life, credit life, cooperative member savings). It also distributes investment products including a Money Market Fund, Fixed Income Fund, Dollar Fund, Wealth Fund, and Discretionary Wealth Management, alongside Sharia-compliant Taamin Al-Tijariya cover and a mobile micro-savings product called Haba Haba.

The company distributes through two physical branches (Juba headquarters at CIC Plaza, Kololo, and a Wau branch co-located with Co-operative Bank of South Sudan), a website-based quote and inquiry channel, and M-Pesa mobile money for premium collection (Paybill 600111 for life, 600112 for motor). It is governed by a board chaired by William Mayar Wol (also Chairman of Co-operative Bank of South Sudan), with Julius M. Ndugire as Managing Director. Group-level leadership includes Patrick Nyaga as Group CEO and Philip Kimani as Group CFO.

The revenue model is built on recurring insurance premiums across multiple billing cadences (monthly, quarterly, semi-annual, annual) plus management and administration fees on investment fund products. Premiums are risk-based and tiered by coverage; investment products have minimum thresholds ranging from KES 5,000 to USD 10,000. Stated scale metrics are Gross Written Premium of 1.4 and Total Assets of 7.4 (units unspecified), supported by a lean team of 7 employees — a structural feature that constrains organic growth velocity and points to a partner-driven, low-cost distribution model rather than a direct-hire scaling strategy.

Name

CIC Insurance South Sudan

Legal name

CIC Africa Insurance (SS) Limited

Website

https://ss.cicinsurancegroup.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

CIC Insurance South Sudan is a composite insurance subsidiary of Kenya's CIC Insurance Group, underwriting motor, health, life, fire, marine, agriculture, liability, savings, and investment products for individuals, SMEs, corporates, and cooperatives through branches in Juba and Wau and M-Pesa mobile payments.

Ownership category

akta.pro rank

Product category

Composite Insurance Services

NAICS

Insurance Carriers (5241), Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Standard Personal Auto Insurance (Liability, Collision & Comprehensive) (FSAJAAAA)

akta.pro secondary industry

Personal Auto Insurance (FSAJAMAA)

Keywords

• Composite insurance services
• General insurance products
• Life insurance policies
• Health insurance coverage
• Investment and savings plans

Headquarters

HQ city

Juba

HQ country

South Sudan

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: CIC Insurance generates revenue through insurance premiums collected from various insurance products including motor, health, life, fire, marine, and other insurance covers. Premiums are collected on subscription basis with various payment frequencies including monthly, quarterly, semi-annually, and annually.
2. Investment Products: The company offers investment products including Money Market Fund, Fixed Income Fund, Wealth Fund, and Dollar Fund, generating revenue through management fees and fund administration charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

CIC Insurance South Sudan is a composite insurance company that underwrites general insurance (motor, fire, burglary, marine, agriculture, liability and engineering covers), life and health insurance, and offers investment and savings products to individuals, SMEs, large corporates and cooperative societies in South Sudan. It distributes its products through branch offices in Juba and Wau, its website, insurance agents and M-Pesa mobile-money premium collection.

Product overview

CIC Insurance South Sudan is a composite insurance company offering a comprehensive portfolio of insurance and financial services across multiple segments. The product portfolio spans general insurance products (motor, fire, burglary, marine, agriculture, liability covers), health insurance (individual, SME, corporate, family plans), life and retirement solutions (group life, funeral expenses, annuities, pension plans), and investment/savings products (money market fund, fixed income, dollar fund, wealth fund). Products are organized into four main customer-facing segments: Individual Solutions (personal insurance and savings), Business Solutions (SME insurance), Corporates Solutions (enterprise insurance), and Cooperatives Solutions (association/group insurance). The company also offers Islamic-compliant insurance (Taamin Al-Tijariya) for customers requiring Sharia-compliant coverage.

Differentiator

Problem solved

Functional benefit

Brands

• CIC Africa Insurance (SS) Limited: The primary legal entity name for CIC operations in South Sudan.

Products and services

• Motor Private Insurance Vehicle insurance for private motorists covering third-party risks and comprehensive loss or damage from fire, accident, malicious damage, theft and third-party liabilities.
• Motor Commercial Insurance Insurance for owners of heavy commercial vehicles covering road accidents, riots, theft, with cross-border support within the COMESA region.
• Family Medisure Health cover for policyholders and dependents against medical expenses from accident or sickness, with in-patient cover from KES 300,000 to KES 5,000,000 and outpatient from KES 50,000 to KES 200,000.
• Seniors Mediplan Health insurance for customers aged 60-80 covering in-patient, outpatient, dental, optical and last-expense benefits, renewable for life after age 80.
• Medipack (SME) Health insurance for SMEs covering in-patient, outpatient, maternity, dental and optical expenses with flexible in-patient cover from KES 300,000 to KES 5,000,000.
• Corporate Medical Cover Corporate health insurance covering policyholders and their dependents against medical expenses arising from accident or sickness.
• Afya Bora Family health insurance covering up to 6 members with in-patient limit KES 250,000 and outpatient limit KES 50,000; KES 32,000 per family per year.
• Fire Industrial Insurance Covers risks of fire, lightning, and explosion from gas cylinders, with optional coverage for earthquake, malicious damage, floods, riots and strike, and bush fire.
• Domestic Package Comprehensive package for homeowners covering buildings, household contents, moveable items, domestic servants, and owner's and occupier's liability.
• Burglary Insurance Protection against theft or damage to property during burglary or attempted burglary.
• Goods In Transit Risks Covers loss of or damage to goods while in transit by rail or road from warehouse to warehouse.
• Marine Insurance Compensation for loss or damage of goods during import/shipping with warehouse-to-warehouse cargo protection.
• Livestock Insurance Compensates against death of insured livestock from diseases, epidemics, calving, accidents, emergency slaughter and fire, covering dairy, beef, breeding stock and bulls from 3 months to 8 years.
• Crop Insurance Covers crops against drought, excess rains, flooding, hail, frost, pests, diseases, fire and related perils.
• Group Personal Accident Covers funeral expenses and provides financial benefit within 48 hours of death for insured members aged 1-75 years.
• Work Injury Benefit Act (WIBA) Covers claims for bodily injury and/or disease brought by employees as provided under the Work Injury Benefits Act.
• Contractors All Risks Insurance for contract works, construction plant/equipment/machinery, third-party liability and surrounding property.
• Erection All Risks Insurance covering persons assuming risk due to the erection of a project.
• Machinery Breakdown Covers all types of machinery plants, mechanical equipment and apparatus for faulty design, operation, or tearing due to centrifugal force.
• Electronic Equipment Insurance Covers material damage for low and medium power electrical plants, including loss of information from external data media in computing facilities.
• Employers Liability Covers employer against common-law liability for damages arising from bodily injury by accident or disease due to negligence.
• Public Liability Covers property owner from legal liability claims for negligence including bodily injury, accidental death, property loss/damage and legal expenses.
• Professional Indemnity Covers professionals against third-party claims for negligence in professional duties.
• Plate Glass Covers accidental destruction or damage to fixed glass including windows, door glazing, fanlights, showcases, mirrored glass and glazed partitions.
• Cash in Transit Risk (Money) Covers loss of money or theft by third parties while in transit or on premises, including damage to safes and strong rooms.
• Taamin Al-Tijariya Islamic-compliant insurance for persons unable to secure conventional insurance, covering fire and burglary for SMEs and micro-finance institutions.
• Travel Insurance Insurance covering accidents, loss of baggage, illnesses and flight cancellation for travelers.
• Consequential Loss Insurance coverage for indirect financial losses resulting from property damage or business interruption.
• Fidelity Guarantee Insurance protecting against employee dishonesty, fraud or embezzlement.
• Workmen Injury Compensation Covers claims for bodily injury and disease brought by employees as provided under the law.
• Group Life Assurance Lump-sum payment on death of a scheme member still in service, alleviating financial distress for dependents.
• Group Funeral Expense Covers burial expenses with a specified sum assured per member, minimum 75,000 with no maximum limit.
• Credit Life Insurance Covers death and permanent disability of group/society members aged 18-75, paying off loan balances on a reducing-balance basis.
• Keyman Cover Life policy compensating organizations on death or total permanent disability of a critical employee or director for loss of income.
• MSME Credit LIFE Policy Tailor-made policy covering long-term loan balances on a reducing-balance basis for small-scale businesses, paying off the loan if the borrower dies or is totally/permanently disabled.
• Loan Guard Ensures all loan balances are fully paid in case of death or permanent disability of the borrower.
• Family Protector Life cover securing dependents against the breadwinner's death; premiums vary by age band and policy term.
• Family Life Plan Shared life cover paying on the first death of any declared family member.
• Diaspora Last Expense Caters for last-expense ensuring diaspora members receive dignified funeral and return home in case of death.
• Jipange Plus Pension plan for individuals and organizations to set up staff pension schemes; registered with IRA, KRA and RBA with minimum 5% return and tax exemption.
• Annuity Guaranteed lifetime income product converting a lump sum (minimum 400,000) into periodic payments; joint and single-life options with up to 20-year guarantee period, available from age 50.
• Income Draw Down Arrangement allowing members to access retirement benefits as regular income from an investment fund, with maximum 15% p.a. withdrawal over a minimum 10-year drawdown period.
• Money Market Fund Low-risk fund investing in highly liquid near-cash interest-bearing instruments including treasury bills, government securities and fixed deposits; minimum investment KES 5,000.
• Fixed Income Fund Medium to low-risk fund investing in government and investment-grade corporate bonds, with semiannual dividends, initial fee 1.50% and annual management fee 2.0%.
• Dollar Fund US-dollar denominated investments with short to medium-term horizon; minimum investment USD 10,000, additional investments from USD 100, with monthly distribution.
• Wealth Fund Low to moderate risk fund investing in diversified high-yielding interest-bearing instruments; minimum investment KES 5,000,000 for 3, 6 or 12-month periods.
• Discretionary Wealth Management Tailored investment solution for high-net-worth individuals and corporate clients with investments executed per client Investment Policy Statements.
• Smart Saver Flexible savings plan providing a defined sum assured at maturity or death; non-taxable investment with constant premiums over an 8-25 year term.
• InvestPlan Savings plan enabling regular financial planning with lump-sum or installment withdrawals at selected future periods; flexible saving period of 12-24 years.
• Academia Combination of insurance protection and education savings for a child's education costs; endowment policy with a 9-18 year term providing guaranteed returns.
• Akiba Smart Investment and risk protection plan with life cover up to KES 200,000, flexible premium contributions and 5% guaranteed interest return over 5-10 years.
• Haba Haba Mobile-phone-based savings with contributions from as low as 568 South Sudanese Pounds; includes 18,960 SSP life cover with a 5-year policy term.
• Board Endowment Plan Investment plan paying cash benefit to board members when they leave through retirement or non-election; 12-year policy term.

Quantifiable outcome

• 13 insurance products offered across multiple categories
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

One partnership is on record.

• Co-operative Bank of KenyaminorOthersCo-operative Bank of Kenya serves as the bank partner for CIC South Sudan's Wau branch location, providing facility sharing arrangement. The bank also serves as Custodian for CIC Money Market Fund investments.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Jubilee Insurance: Kenya-headquartered composite insurer with East African regional presence offering motor, health, life, and general insurance. Directly comparable as a multi-line carrier serving similar SME, corporate, and individual segments across the region.
• APA Insurance: Kenya-based composite insurer offering general insurance, life, pensions, and microinsurance across East Africa. Comparable as a similarly-structured composite carrier targeting individual, SME, and corporate customers with multi-channel distribution.
• ICEA Lion Group: East African insurance group offering general insurance, life, pensions, and asset management across Kenya, Uganda, Tanzania, and Rwanda. Comparable as a regional composite insurer with similar product breadth and corporate/SME focus.
• UAP Old Mutual: Composite insurer (now part of Old Mutual) operating across Kenya, Uganda, Tanzania, Rwanda, and South Sudan. Directly comparable as CIC South Sudan's MD (Julius Ndugire) joined CIC from UAP, and both serve the same East African composite insurance market with overlapping product suites.
• Equity Insurance Agency: Insurance intermediary of Equity Group Holdings in Kenya and the region. Comparable as a bancassurance-led composite insurance provider with strong microinsurance and group/cooperative distribution, mirroring CIC's cooperative-anchored model.
• Britam Holdings: East African composite insurer offering life, general insurance, asset management, and property. Comparable as a diversified financial services group operating across Kenya, Uganda, Tanzania, Rwanda, Mozambique, and South Sudan with similar product breadth.

Regional players

• Resolution Insurance: Kenya and East Africa-focused general insurer offering motor, health, fire, and liability covers. Comparable as a mid-sized composite insurer; CIC's Group CFO (Philip Kimani) previously held senior roles at Resolution, indicating similar operational and market context.

Emerging players

• AAR Insurance: East African health and general insurer focused primarily on medical cover. Comparable as a regional health-led insurance player with overlapping health product offerings (Family Medisure, Corporate Medical Cover) and similar target segments.

Others

• Africa Reinsurance Corporation: Pan-African reinsurer based in Lagos. Not a direct competitor but adjacent — Africa Re is a likely reinsurance counterparty for CIC South Sudan's large commercial and catastrophic risks, and their pricing/access shapes the subsidiary's underwriting economics.

Broad incumbents

• Sanlam Kenya: Kenya subsidiary of South African pan-African financial services group Sanlam. Comparable as a larger, broader incumbent offering life, general, and investment products across the region — overlaps with CIC South Sudan's product set but operates at materially greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CIC-Insurance-South-Sudan-61556472429359
• LinkedInlinkedin.com/company/cic-insurance-south-sudan
• Instagraminstagram.com/cicinsurancesouthsudan/?g=5

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 CIC Insurance South Sudan