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CIC to sell mining, oil and gas insurance

The nascent industry is forecast to reach Sh100 billion annual value in the next few years. file photo | nmg
The nascent industry is forecast to reach Sh100 billion annual value in the next few years. file photo | nmg 

CIC Insurance #ticker:CIC is set to launch a comprehensive cover targeting mining, oil and gas industry players.

The nascent industry is forecast, by the Ministry of Mining, to reach Sh100 billion annual value in the next few years.

Group general manager for marketing and distribution Joseph Kamiri Thursday said the underwriter had invested in technical capacity including industry experts and the necessary global reinsurance linkages useful for providing mining insurance cover.

He spoke during the Association of Insurance Brokers of Kenya (AIBK) 12th annual conference in Kwale.

“Our solution focuses on all mobile assets, and can cover all machinery and equipment either above ground and underground. We are also carrying out workshops, training the providers in the relevant risk elements of their businesses and participating in industry fora to enhance awareness about this critical solution,” he said.

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