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Kuscco to take on insurance firms
Kuscco chairman George Magutu, Mutual Assurance CEO Anthony Ogutu, Deputy Commissioner for Co-operative Development David Obonyo and Insurance Regulatory Authority acting CEO Godfrey Kiptum cut a cake to launch the saving society’s insurance arm on May 17, 2019. PHOTO | SALATON NJAU | NMG
The Kenya Union of Savings and Credit Co-operatives Ltd (Kuscco) has launched an insurance arm, Kuscco Mutual Assurance Ltd (KMAL), targeting at least Sh1 billion in annual premiums mostly from cooperative movement members.
Kuscco has secured approval from Insurance Regulatory Authority and wants to ride on sacco members as well as other Kenyans to offer long-term or life assurance business.
