Kenya Orient Life Assurance emerges as the first runners-up in the Group Life Best Loss Ratio Award
Kenya Orient Life Assurance has emerged as the first runners-up for the ‘Group Life Best Loss Ratio’ award during the 2022 Association of Kenya Insurers (AKI) Awards for achieving a minimum loss ratio of 16.28 % in 2022.
Speaking during the award ceremony, Kenya Orient Life Assurance Principal Officer Jackson Muli noted that the win resulted from the team behind the brand who have continuously showcased their commitment to serving their customers tirelessly.
“We could not have managed to take this award home without the great team at Kenya Orient Life Assurance who continue to prove their passion and commitment to providing our customers with top-tier services and solutions.
We are deliberate in ensuring that we achieve our vision of providing unique and superior life insurance solutions in the continent,”
The award categorised under Life Insurance Category is in recognition of life assurance providers’ performance in underwriting and making profits from paying customer claims. The AKI Award is an annual event organised by the Association of Kenya Insurers that brings together the insurance industry to recognise top-performing insurance sales agents and companies.
Last year, Kenya Orient Life Assurance Limited also won the 2021 ‘Pension Marketing Campaign of the Year’ award in recognition of the effective social media marketing campaign on the individual pension plan geared to boost the uptake of personal pension products.
About Kenya Orient Life Assurance Limited
Kenya Orient Life Assurance Limited (KOLAL) is licensed under the Insurance Act of Kenya to transact ordinary life and superannuation classes of business. The Retirement Benefits Authority also regulates the company to handle the pensions business.
Established in 2014, KOLAL’s mission is to provide unique and superior life insurance solutions in Africa with convenience, flexibility and affordability at the heart of the company’s service offering. The company offers, among other products, endowment policies, group credit, group mortgages, retirement plans and education.