Equity Group insurance subsidiary hit Sh3.84 billion in gross premiums from the group credit business in the year ended December, becoming the second largest insurer in underwriting the risk of customers defaulting on loans due to death or injury.
The latest Insurance Regulatory Authority (IRA) data shows Equity Life Assurance Kenya, which the Kenyan banking multinational owns fully through its subsidiary Equity Group Insurance Holdings, only trailed CIC Life Assurance in this line of business.
