Equity Insurance has sold 7.2 million policies – a success reflected in 8% growth in profits for the Group, announced in its half-year results
Equity Bank’s insurance subsidiary could outperform its banking counterpart as early as 2030, if sales continue on a similar trajectory, says Group CEO James Mwangi.
According to the Group’s 2023 half year results, Equity Insurance – the insurance arm of the business – recorded a Return on Equity of 61.5%.June 2023. We are committed to increasing insurance penetration to underserved sections of the population in the country and across the East African Community,” Dr Mwangi tells“And for the first time we are seeing that insurance is being bought and not sold,” he says.
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