SharesCIC Insurance Group has officially launched CIC Impact, a microinsurance subsidiary designed to deliver affordable, accessible financial safety nets to low- and middle-income earners, small businesses, farmers, and cooperatives. According to Patrick Nyaga, Group Managing Director and CEO of CIC Insurance Group, microinsurance premiums within CIC grew from Ksh 131 million in 2020 to a cumulative Ksh 1.2 billion by the first half of 2026. “Through CIC Impact, we are expanding access to insurance by offering affordable, accessible solutions tailored to underserved groups,” Nyaga noted. Dr. Nelson Kuria, Group Chairman of CIC Insurance Group, emphasized that while CIC is not new to the space, the strategic move allows for deeper market penetration into areas standard corporate insurance often misses. To strengthen product delivery and scale its reach, CIC Group has partnered with the Philippines’ CARD Mutual Benefit Association (CARD MBA).