The nascent industry is forecast to reach Sh100 billion annual value in the next few years. file photo | nmg
CIC Insurance is set to launch a comprehensive cover targeting mining, oil and gas industry players.
The nascent industry is forecast, by the Ministry of Mining, to reach Sh100 billion annual value in the next few years.
Group
general manager for marketing and distribution Joseph Kamiri Thursday
said the underwriter had invested in technical capacity including
industry experts and the necessary global reinsurance linkages useful
for providing mining insurance cover.
He spoke during the Association of Insurance Brokers of Kenya (AIBK) 12th annual conference in Kwale.
“Our
solution focuses on all mobile assets, and can cover all machinery and
equipment either above ground and underground. We are also carrying out
workshops, training the providers in the relevant risk elements of their
businesses and participating in industry fora to enhance awareness
about this critical solution,” he said.
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