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Your wealth is in your networks: Says Head of Group Business, Madison Life Assurance

By Esther Dianah | June 7th 2021

STANLEY KARANJA is the Head of Group Business, Madison Life Assurance Company Kenya Ltd Education. He spoke to Esther Dianah about his career growth.  

Education: Bachelor of Arts Degree at The Catholic University of Eastern Africa and Currently Pursuing a Master of Business Administration for Executives at the Strathmore Business School.

I also have two post graduate Diplomas in Insurance and Marketing from the Chartered Institute of Insurance (UK) and Chartered Institute of Marketing (UK). 

Experience: I have over 16 years’ experience in Banking and Insurance working in various Capacities.Currently I am working at the Madison Life Assurance Company Kenya Limited as a Head of Group Business.

Awards: I have worn many industry awards with my team in various categories including best loss ratio award, innovation award, fasted growing Company award among others over the last 6 years.

First job/salary: I was a sales executive for Standard Chartered Bank. The job was commission-based and my first commission was Sh8,000.

Worst mistake: I guess I have many learning experiences but certainly not any I can call a mistake.

Missed opportunity: I should have pursued my MBA earlier, now doing it at 40 is more challenging. 

Unforgettable person: My grandparents who pushed me through school, paid my university fees while in their mid-70s yet they hardly had any formal education. I am forever indebted to them.

Best word of wisdom: It was from my grandfather. He told me that “your wealth is in your networks, nurture longterm relationships with people, be honest and kind to the people you meet.

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