Mic Global Risks (insurance Brokers) Limited

What Mic Global Risks (insurance Brokers) Limited does

MIC Global Risks (Insurance Brokers) Limited is a privately held insurance and reinsurance broker operating across East Africa. Founded in 1942 in Tanzania, the group relocated its headquarters to Nairobi in 2001 and today runs regional offices in Nairobi (Kenya HQ), Dar es Salaam (Tanzania regional HQ), and Kampala (Uganda, in early-stage operations). The firm serves corporate, individual, hospitality, and expatriate clients across Kenya, Tanzania, Uganda, and beyond, with particular depth in International Private Medical Insurance (IPMI), a segment it has specialized in for 25+ years. It operates as an approved representative of Marsh and maintains wholly owned subsidiaries MIC Global Risks (Tanzania) Limited and MIC Reinsurance Brokers Limited.

The company's product portfolio spans four core lines: Corporate Insurance (tailor-made business coverage across all sectors), Personal Insurance (medical, motor, travel, domestic package, life and funeral expense, personal accident), Health Insurance (including cross-border IPMI), and Life Assurance (group and individual). Recent additions include a Point of Sale All-Risks Cover launched in November 2025 in partnership with Britam General Insurance and Hotpoint Appliances, and an exclusive distributorship for AXA Global Healthcare's Global Executive Health Plan in Tanzania established in March 2026 alongside Executive Healthcare Solutions and Alliance Insurance Corporation. Underlying technology consists of digital onboarding, client portals supporting remote consultations and real-time policy access, and the use of data analytics and AI in underwriting, claims processing, and fraud detection.

MIC generates revenue through commissions and brokerage fees on placed insurance and reinsurance, priced via per-policy quotation across both B2B corporate and B2C personal lines. The firm distributes through direct enterprise field sales, an exclusive IPMI distribution arrangement, a point-of-sale retail channel via Hotpoint, and a network of 30+ local and international insurance providers including Allianz, Bupa, Now Health International, and VUMI. Marketing relies on a corporate website with content/blog, direct quote request forms, and earned media from industry awards such as four consecutive years on Kenya's Top 100 Mid-Sized Companies list (KPMG/Nation Media Group) and Tanzania Top 100 Club recognition.

Name

Mic Global Risks (insurance Brokers) Limited

Legal name

MIC Global Risks (Insurance Brokers) Limited

Website

https://micglobalrisks.com

Company type

Private

Founded year

1942

Operating status

Operating

Short description

MIC Global Risks is a privately held East African insurance and reinsurance broker, founded 1942 and headquartered in Nairobi, serving corporate, expatriate, hospitality, and individual clients across Kenya, Tanzania, and Uganda via 30+ carrier partnerships and 25+ years of IPMI specialization.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industry

Political Risk & Trade Credit Reinsurance (FSAOABAN)

Keywords

• Corporate insurance brokerage
• Personal insurance products
• International private medical insurance
• Reinsurance broking services
• Risk management advisory

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commission: MIC Global Risks operates as an insurance and reinsurance broker, earning commissions and fees from placing insurance policies with carrier partners. Revenue is generated as a percentage of premiums placed, with both corporate and individual insurance products across health, life, motor, travel, and corporate lines.
2. Reinsurance Broking: MIC Reinsurance Brokers Limited provides reinsurance broking services, placing reinsurance coverage on behalf of insurers, generating brokerage income from reinsurance treaties and facultative placements.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

MIC Global Risks is an insurance and reinsurance brokerage that places corporate, personal, health, and life insurance coverage on behalf of clients with underwriters across East Africa. The firm also provides specialty International Private Medical Insurance (IPMI) administration and bespoke covers such as Point of Sale All-Risks and Global Executive Health Plans. Services span risk advisory, policy placement, and in-house claims and policy administration.

Product overview

MIC Global Risks is an insurance and reinsurance broker operating across East Africa, offering a comprehensive portfolio of insurance products and services. The core offering consists of four main product lines: Corporate Insurance (tailor-made business coverage), Personal Insurance (individual coverage including medical, motor, travel, domestic, life, and personal accident), Health Insurance (including International Private Medical Insurance), and Life Assurance (group and individual). The company specializes in the hospitality, industrial, and commercial sectors, providing insurance broking, risk management, and claims management services. Through partnerships with global providers like AXA Global Healthcare, Allianz, Bupa, and Now Health International, MIC also offers specialized international medical insurance and the Global Executive Health Plan. Recent innovations include a Point of Sale All-Risks Cover product launched in partnership with Britam and Hotpoint.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Insurance

Quantifiable outcome

• 4 consecutive years recognized in Kenya's Top 100 Mid-Sized Companies Survey by KPMG and Nation Media Group
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered flagship and core.

• AXA Health International (AXA Global Healthcare)flagshipStrategic or Co-development Partner · 27 March 2026AXA Health International collaborates with Alliance Insurance Corporation and MIC Global Risks Tanzania Ltd. in Tanzania. MIC acts as exclusive distributor for AXA's Global Executive Health Plan (GEHP), which provides structured access to internationally recognized hospitals and specialist providers with medical evacuation and cross-border care.
• MARSHcoreStrategic or Co-development PartnerMIC is an approved representative of MARSH, a global leader in Insurance Brokerage and Risk Management with over 150 years in the market. This partnership provides MIC with global broker network access and international risk management expertise.
• Executive Healthcare Solutions (EHS)flagshipStrategic or Co-development PartnerEHS established an exclusive distribution framework across Kenya and multiple African markets with AXA Health International in October 2025. EHS appointed MIC Global Risks as the exclusive distributor of AXA Global Healthcare products in Tanzania.
• Alliance Insurance Corporation LimitedcoreChannel Partner/ Reseller/ DistributorAlliance Insurance Corporation Limited is the licensed insurer in Tanzania for the AXA Global Healthcare GEHP collaboration, ensuring the arrangement operates within the local regulatory framework and providing local insurance backing.
• Britam General InsuranceflagshipStrategic or Co-development PartnerBritam General Insurance is the underwriter for Kenya's first point-of-sale free All-Risks Cover, launched in partnership with MIC Global Risks and Hotpoint in November 2025. Britam oversees policy approvals and claim settlements, providing household protection on eligible appliances.
• Hotpoint AppliancescoreChannel Partner/ Reseller/ DistributorHotpoint, one of East Africa's most trusted electronics and home equipment distributors, provides customer support and product verification through its nationwide service centres for the point-of-sale free all-risks cover, enabling automatic insurance activation at purchase.
• AllianzcoreChannel Partner/ Reseller/ DistributorGlobal insurance provider partnered with MIC for International Private Medical Insurance (IPMI) solutions, providing premium health coverage that works across borders for East African clients.
• BupacoreChannel Partner/ Reseller/ DistributorGlobal health insurance provider partnered with MIC for IPMI solutions offering inpatient and outpatient treatment, emergency evacuation, and chronic disease and maternity benefits.
• Now Health InternationalcoreChannel Partner/ Reseller/ DistributorInternational health insurer partnered with MIC for IPMI solutions across East Africa, providing global medical coverage for expatriates and internationally mobile professionals.
• Vumi (VUMI)coreChannel Partner/ Reseller/ DistributorInternational medical insurance provider partnered with MIC for IPMI products, offering global healthcare coverage for individuals and families seeking elite healthcare coverage locally and globally.
• 30+ Local and International Insurance ProviderscoreChannel Partner/ Reseller/ DistributorMIC partners with 30+ leading local and international insurance providers, displaying logos of Aetna and numerous other insurers on its website, providing comprehensive coverage options across all insurance lines.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aon Kenya: Global insurance brokerage leader with a Kenyan presence offering corporate risk management, reinsurance, and employee benefits advisory — directly competing with MIC for the same East African enterprise and IPMI clients.
• Marsh Africa: Global insurance broker and risk advisor with African operations; MIC is itself an approved representative of Marsh, making Marsh the closest strategic and operational comparator in the regional broker landscape.
• Willis Towers Watson (WTW) Africa: Global advisory, broking, and solutions firm with African operations serving large corporate and multinational clients — competing head-to-head with MIC and the broader MARSH network for cross-border risk mandates.
• Minet Kenya: Pan-African insurance and risk advisory broker with deep Kenyan roots, offering corporate, personal, and specialty broking services across East Africa — directly comparable to MIC in client profile and product mix.

Regional players

• Hollard Insurance East Africa: South African-headquartered insurance group with East African operations in Kenya and elsewhere, offering life and general insurance through both direct and broker channels — comparable to MIC's regional enterprise offerings.

Broad incumbents

• Jubilee Insurance: Established East African insurance group operating across Kenya, Uganda, Tanzania, and other regional markets with a diversified life and general insurance portfolio — overlapping with MIC's regional client base.
• Britam Holdings: Leading Kenyan insurance group that underwrites and distributes life, health, and general insurance; Britam is MIC's underwriter partner for the Point of Sale All-Risks Cover, making it both a collaborator and a broader-market incumbent.
• Old Mutual East Africa: Major pan-African financial services group with insurance operations in Kenya and broader East Africa, serving both corporate and retail segments — competes with MIC for advisory and placement mandates.
• ICEA Lion Group: East African insurance and financial services conglomerate operating across Kenya, Uganda, and Tanzania — comparable regional scale and product breadth to MIC's carrier-side competitors.

Emerging players

• Turaco: East African insurtech embedded in mobile and digital distribution partnerships, offering microinsurance and health products — represents the digital-first competitive threat to traditional brokers like MIC in personal and SME lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mic-global-risks

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 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 Mic Global Risks (insurance Brokers) Limited