CIC Group takes pride in being the major cooperative insurer in Kenya. The company has been serving the cooperative movement in Kenya for over 50 years. The cooperative movement in Kenya has over 14 million members, touching lives and households across the country. Just like other member bodies in the country, the cooperative movement has been widely affected by the global pandemic. Reports by cooperative leaders indicated that many members were struggling with the effects of the pandemic, among them reduced income streams owing to the effects of Covid-19 on the economy.
The cooperative movement in collaboration with the State Department for Cooperatives established the Cooperative Coronavirus Response Committee (CCRC) as a platform to assist 500,000 affected households. As a member of the response committee, and in line with cooperative principle of concern for community, CIC Group donated one million shillings to the Co-op kitty in the effort to reach the members affected by Covid-19. In the same spirit, CIC made a one million shillings donation through our regulator the Capital Markets Authority (CMA). We take pride in contributing to the well-being of our society, which defines who we are as a cooperative organization.
