CIC Insurance Company to open branches in South Sudan and Uganda by the end of this year.

The Co-operative Insurance Company(CIC Insurance) is set to open its branches in South Sudan and Uganda by the end of this year.

According to the Company's Chief executive officer(CEO) Nelson Kuria the company will require a start capital of Ksh 500 million to establish a branch in South Sudan and Ksh 400 million for another one in Uganda.

Kuria also revealed that the Company has had approaches from other countries like Malawi and they are looking forward to expand their business to those country in the future.

CIC Insurance group C.E.O Nelson Kuria

Kuria said that there next stop after South Sudan and Uganda will be Tanzania.

Kuria further called on Kenyans to recognise the Insurance industry as an integral part in poverty aleviation.