Old Mutual scoops Life Assurance Innovation Award and other category prizes at 22nd AKI Awards




Old Mutual is delighted to announce its recent accolades at the prestigious Association of Kenyan Insurers (AKI) Awards. The company bagged the Innovation Award in the Group Life Best Practice category, in recognition of its ongoing commitment to pioneering solutions in Life Assurance.

Moreover, Old Mutual was ranked among the top three in the highly competitive General Insurance Company of the Year category. This achievement recognized its dedication to excellence and customer-centricity across all its operations.

(TOP: Old Mutual Life Kenya MD – Loreen Makwanya – middle – with her colleagues, elated to receive the Group Life innovation award).

In the individual capacity two agents, Caroline Karanja and Anthony Karume were feted for their remarkable performance as first and second runners up respectively in the Top Agent by Premium Volume category, recognizing their dedication and expertise.

Furthermore, four advisors – Jackline Muiga, Samuel Wainaina, Caroline Karanja, and Lovelyn Atwine – were outstanding among the Top Advisors in Kenya. Old Mutual’s advisors not only bolster the business but also enrich the experiences of its valued clients.

“These awards serve to motivate us at Old Mutual by recognizing our commitment to innovation, excellence, and superior service delivery,” said Old Mutual East Africa’s Group CEO, Arthur Oginga.

He added:  “We remain steadfast in our mission to empower individuals and businesses through comprehensive insurance solutions that are tailored to the unique needs of our customers”.

The AKI Awards, now in their 22nd, celebrate excellence among insurance companies, agents, and financial advisors, fostering competition and driving innovation in these fields.

The Old Mutual Group in East Africa comprises Old Mutual Holdings and its subsidiaries & Old Mutual East Africa Holdings Group and its subsidiaries, which include Old Mutual Life Assurance Company (closed fund), Old Mutual Investment Group, and Faulu Microfinance Bank. The Group, which operates an integrated financial services business model, is one of the largest in East Africa and offers customers insurance, investment, banking, and savings solutions.

Old Mutual Group is part of Old Mutual Limited (OML). As part of OML, the Group can leverage technology and technical expertise to serve customers better and offer broad career growth prospects for employees. The Group operates in Kenya, Uganda, South Sudan, Rwanda, and Tanzania.

In Kenya, where it has served customers for over 100 years, the Old Mutual Group has the leading short-term insurance business, an investment business with over Kshs 252 billion in Funds Under Management, and a fast-growing Life Assurance business. It has established diverse distribution networks via brokers, an agency force, direct sales, bancassurance, and digital channels.

In South Sudan, the Group has the most prominent short-term insurance business. In Uganda, the Group has the largest Life Assurance Business, the largest Asset Management Business with over 67% Market share, and the second-largest short-term business in the country. UAP Old Mutual also has short-term insurance businesses in Rwanda and Tanzania.

Regionally the Group has a Kshs 20 billion property portfolio with iconic buildings; Equatoria Tower in South Sudan, Nakawa Business Park in Uganda, and Old Mutual Tower in Nairobi, among others.

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