- Equity Bancassurance Intermediary Ltd has firmly established itself as a leader in the bancassurance industry, securing multiple accolades at the 2024 Insurance Awards.
- Equity Bancassurance was recognised as the 1st Runners Up in the Best Bancassurance Intermediary in Non-Life and Non-Embedded Products category adding another cap to its boasting rights in the industry.
- The achievements of Equity Bancassurance Intermediary Ltd and Equity Life Assurance (Kenya) Ltd at the 2024 Insurance Awards highlight the dynamic nature of Kenya’s insurance sector.
Equity Bancassurance Intermediary Ltd and Equity Life Assurance (Kenya) Ltd have emerged as top achievers at the 2024 Insurance Awards, held at the JW Marriott Hotel in Nairobi.
Organized by Think Business Limited, this prestigious event celebrates excellence and innovation in Kenya’s insurance sector, bringing together industry leaders in a bid to recognise outstanding achievements and inspire further advancements in the field.
Equity Bancassurance Intermediary Ltd has firmly established itself as a leader in the bancassurance industry, securing multiple accolades at the 2024 Insurance Awards.
Scholar Media Africa understands that the company’s approach and outstanding performance across various metrics earned it the title of ‘Overall Best Bancassurance Intermediary Ltd’.
This fete helps prove that the firm’s resolve to offer excellence and innovation in providing insurance products through banking channels is remarkable.
At the same time, the company’s dedication to customer satisfaction was also recognised with by bagging another award for Most Customer-Centric Bancassurance Intermediary, an indicator that it has done well in ensuring customers receive exceptional service.
As technology takes centre stage in most businesses, Equity Bancassurance’s innovative use of digital tools did not go unnoticed as it bagged the Best Bancassurance Intermediary in Technology Application award, recognizing its efforts to leverage technology to improve service delivery and streamline operations.
Additionally, it opens the lid on the approach it is taking in adopting cutting-edge technology to meet the ever evolving needs of its clients.
In development and offering of life insurance products, it was awarded the Best Bancassurance Intermediary in Life Products award.
Consequently, Equity Bancassurance was recognised as the 1st Runners Up in the Best Bancassurance Intermediary in Non-Life and Non-Embedded Products category adding another cap to its boasting rights in the industry.
A rising star in the insurance industry, Equity Life Assurance (Kenya) Ltd, another subsidiary of Equity Group Holdings, walked away with bragging rights with a remarkable show of growth in insurance assets by at least 288 per cent to a remarkable KSh20.8 billion being an improvement of 108 per cent increase in Profit After Tax since it started operations on December 31, 2023, just short of a year yet takes an impressive 4th position of the market share.
As if not all, Angela Okinda, Managing Director of Equity Life Assurance (Kenya) Ltd, was honoured with the Chief Executive Officer (CEO) of the Year award for her exceptional leadership, business acumen, and strategic vision instrumental in driving the company’s success.
Equity Life Assurance was also named the Life Insurer of the Year as a result of its innovative product offerings, financial soundness, and commitment to strong risk management policies and good corporate governance, key factors in earning this fete.
For its unique and relevant product innovations, customer-centric servicing excellence, and seamless use of technology and digital applications to meet customer needs effectively, it was honoured with the Most Customer-Centric Underwriter – Life award.
In its Corporate Social Responsibility (CSR) programmes, it was also awarded the Best Insurance Company in Corporate Social Responsibility award. Equity Life Assurance’s CSR initiatives have positively influenced communities, demonstrating the company’s dedication to making a difference beyond its business operations.
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Equity Life Assurance was named the 1st Runner-Up in the Claims Settlement Award – Life Assurance Category, to add on its impressive run.
In its 14th year, the Insurance Awards have become a significant event in Kenya’s insurance industry as they celebrate thought leadership, innovation, stability, and customer focus as well as recognising the contributions of companies and individuals who have made a substantial impact on the sector.
The achievements of Equity Bancassurance Intermediary Ltd and Equity Life Assurance (Kenya) Ltd at the 2024 Insurance Awards highlight the dynamic nature of Kenya’s insurance sector.
