Mic Global Risks (insurance Brokers) Limited
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.
- Company typePrivate
- Founded1942
- HeadquartersNairobi, Kenya
- Headcount—
- GTM typeB2B
- OfferingServices
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.
Mic Global Risks (insurance Brokers) Limited firmographics
Firmographics- 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
Mic Global Risks (insurance Brokers) Limited industry classification
Industry- 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
Where Mic Global Risks (insurance Brokers) Limited is headquartered
LocationHeadquarters
- HQ city
- Nairobi
- HQ country
- Kenya
- HQ region
- Africa
Offices4 records
Markets served
Mic Global Risks (insurance Brokers) Limited business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Annual | Corporate Insurance - Tailor-made policies for corporate clients |
| Transaction based/ take rate | Annual | Personal Insurance - Individual and family coverage |
| Transaction based/ take rate | Annual | Health Insurance - Regional and international medical coverage |
| Transaction based/ take rate | Annual | Life Assurance - Individual and group life cover |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
Mic Global Risks (insurance Brokers) Limited product offering
Product offeringCore 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
Companies that use Mic Global Risks (insurance Brokers) Limited
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles2 records
Mic Global Risks (insurance Brokers) Limited technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Mic Global Risks (insurance Brokers) Limited partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered flagship and core.
- AXA Health International (AXA Global Healthcare)flagshipAXA 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.
- MARSHcoreMIC 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)flagshipEHS 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 LimitedcoreAlliance 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 InsuranceflagshipBritam 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 AppliancescoreHotpoint, 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.
- AllianzcoreGlobal insurance provider partnered with MIC for International Private Medical Insurance (IPMI) solutions, providing premium health coverage that works across borders for East African clients.
- BupacoreGlobal health insurance provider partnered with MIC for IPMI solutions offering inpatient and outpatient treatment, emergency evacuation, and chronic disease and maternity benefits.
- Now Health InternationalcoreInternational health insurer partnered with MIC for IPMI solutions across East Africa, providing global medical coverage for expatriates and internationally mobile professionals.
- Vumi (VUMI)coreInternational 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 ProviderscoreMIC 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
Mic Global Risks (insurance Brokers) Limited competitors and assessment
Company assessmentDirect 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
Mic Global Risks (insurance Brokers) Limited social profiles
Digital presenceMic Global Risks (insurance Brokers) Limited compliance and trust
Trust signalCompliance2 records
Mic Global Risks (insurance Brokers) Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mic Global Risks (insurance Brokers) Limited leadership team
Management profileNumber of profiles
Profiles2 records
Mic Global Risks (insurance Brokers) Limited subsidiaries and ownership
Company hierarchySubsidiaries2 records
Mic Global Risks (insurance Brokers) Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mic Global Risks (insurance Brokers) Limited 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 Mic Global Risks (insurance Brokers) Limited
What does Mic Global Risks (insurance Brokers) Limited do?
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.
Is Mic Global Risks (insurance Brokers) Limited a public or private company?
Mic Global Risks (insurance Brokers) Limited is a private company. It is classified as corporate owned and is currently operating.
When was Mic Global Risks (insurance Brokers) Limited founded?
Mic Global Risks (insurance Brokers) Limited was founded in 1942.
Where is Mic Global Risks (insurance Brokers) Limited based?
Mic Global Risks (insurance Brokers) Limited is headquartered in Nairobi, Kenya, in the Africa region.
How does Mic Global Risks (insurance Brokers) Limited make money?
Two revenue lines are on record. Insurance Brokerage Commission is the primary driver. The others are reinsurance Broking.
Who are Mic Global Risks (insurance Brokers) Limited's main competitors?
Direct peers on record are Aon Kenya, Marsh Africa, Willis Towers Watson (WTW) Africa and Minet Kenya. Hollard Insurance East Africa is listed as a regional player. Broad incumbents are Jubilee Insurance, Britam Holdings, Old Mutual East Africa and ICEA Lion Group. Turaco is listed as an emerging player.
Does Mic Global Risks (insurance Brokers) Limited have an API?
No public API is recorded for Mic Global Risks (insurance Brokers) Limited.
What industry is Mic Global Risks (insurance Brokers) Limited in?
Mic Global Risks (insurance Brokers) Limited's product category is Insurance Brokerage Services. Its primary akta.pro industry code is FSAEADAJ, Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines), with a secondary code of FSAOABAN, Political Risk & Trade Credit Reinsurance. Its NAICS code is 524210 and its SIC code is 6331.