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Xplico Insurance to open branch in Machakos

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Xplico Insurance to open branch in Machakos

Xplico Insurance has today announced plans to open a new branch in Machakos County, demonstrating its commitment to provide market-leading insurance services in all the 47 counties in Kenya and the wider East African region.

image courtesy of capitafm.co.ke

The new branch will increase the company's branch distribution network to nine branches in seven counties, including Nairobi, Nakuru, Meru, Uasin Ngishu, Kiambu and Kakamega counties. Speaking during the announcement at the Head Office in Parklands, Nairobi, Xplico Insurance General Manager Mr. Stephen Karoki reiterated the company's commitment in developing solutions to provide the security required for financial loss, unpredictable risks and maintenance of health to people of all backgrounds.

"We are bringing affordable, innovative and ethical insurance solutions to over one million people in Machakos County to create a positive and sustainable impact on their lives and those of their families and friends," he emphasized.

Some of the solutions the branch is set to provide include crop insurance cover to benefit thousands of subsistence farmers in the county who continue to incur massive financial losses associated with drought and excess rain.

According to Machakos County Governor Dr. Alfred Mutua, the county government is committed to increasing its arable land from the current 20 percent to 70 percent to increase food production in the semi arid county.

"We're excavating dams and pans to provide steady water for horticulture. My government is donating chicken to youths and women and these combined measures will ensure we are well-placed to feed Kenya and beyond," he added.

The Kenya Insurance Outlook 2013 ranked Machakos County among the leading counties that attracted insurance companies to open up new branches. However, the Association of Kenya Insurers (AKI) maintains that the country's insurance penetration rate of 3.16 percent is still very low compared to other countries.

Considering its leading position in the provision of affordable and innovative insurance solutions, Xplico Insurance is certain that its team of experienced underwriters will deliver consistent client satisfaction to meet the needs of the people of Machakos and the Machakos economy.

posted by Xplico Insurance Company Limited XIC LTD
01 Apr 2014
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