CIC targets Saccos to increase insurance penetration

CIC Insurance Group is betting on savings and credit co-operative societies (Saccos) to increase insurance penetration, widen its market share and empower more people economically through its customer-centric services.

CIC Insurance Group CEO Nelson Kuria says the co-operative movement comprising of over 14,000 registered Saccos and a membership of over eight million offers the industry better opportunity to enhance financial inclusion through insurance services.