GA Insurance Limited is one of the oldest insurance companies operating in Kenya specializing in all classes of general and medical insurance. Having its parentage from General Accident UK, it was incorporated as Kenyan Insurance Company in 1979. Enjoying its presence for over 60 years, brand GA has earned its standing as one of the most reputable insurance companies in Kenya.
In 2006, General Accident Insurance Company was acquired by the renowned I&M Bank Group in Kenya. The Bank has operations in Kenya, Tanzania, Rwanda, and Mauritius. The group has other business interest like Coke Bottling, manufacturing industry and real estate.
Following the takeover, the company has been restructured and has established professionally in the market. Carrying on GA’s legacy of a stable and steady company, it has now evolved into a stronger, more responsive and progressive underwriters under the qualified, professional and experienced management. During the past few years, the company has secured its place in the market with consistent profitable growth in business supported with excellent customer service.
The complete transformation of the organization led us to rebrand the company in September 2009 with a new logo, new vibrant corporate colors and new short name ‘GA Insurance Limited’.
The company’s premium income has grown manifolds to Kshs 4,325 Million (about USD 43M) in 2015 from Kshs 554 Million (USD 5.5M) in the year 2006. Total Assets have grown to Kshs 10.75 Billion (USD 107M) for the year ended 2015. The shareholder funds have grown consistently to Kshs 2.73 Billion (USD 27M). The solvency margin remains many times above the statutory requirement.
GA has a balanced business portfolio with high capacities to underwrite Property, Engineering, Marine, Liability and Aviation insurances. We also underwrite tailor made Medical Insurances.
GA has prudently invested in the technology with the latest software in general and medical insurances, which has further assisted the company in handling the volumes and get the better control on document deliveries, accounts, and reports.
We believe that our human resources are our best assets, for whom we provide the best work environment. Continuous training is the main focus in the development of manpower. GA remains sensitive to the society and has chosen Education, Water, and Environment as the focus area of our Corporate Social Responsibility.
In June 2013, GA launched a new subsidiary company ‘GA Life Assurance Limited’, which is now fully operational for Life Insurance and Retirement Benefit solutions. GA started the regional expansion in 2014 with GA Insurance Tanzania, which is now fully operational.
GA has repositioned itself in the Kenya Insurance Industry during the last 8 years with consistent high caliber performance. GA is not only a well-established brand but a preferred choice for many clients and intermediaries.
GA is highly ranked on any matrix that may be used for company analysis. As per top line, the company falls among the top 10 underwriters in the market at number 9 but on other parameters its standing is much better which signifies GA’s financial strength, skillful underwriting, best customer service and corporate governance.