NCBA Insurance bets on marine cover as Kenya’s trade sector expands

NCBA Insurance has reaffirmed its commitment to strengthening partnerships with insurance intermediaries as it champions greater awareness and adoption of marine insurance solutions amid growth in Kenya’s trade and maritime sectors.

Speaking during a broker engagement, NCBA Insurance Chief Executive Officer and Managing Director, Stella Njung’e, underscored the critical role that agents, brokers and bancassurance partners play in connecting customers to relevant insurance solutions, expanding insurance penetration and supporting the company’s growth.

“At NCBA Insurance, we are banking on belief. Belief in our people, our partners, and above all, belief in our intermediaries. Every day, you are the face of our business. You build relationships, earn customer confidence and help individuals and businesses make informed decisions about protecting what matters most. We do not take that responsibility or your contribution for granted,” said Stella Njung’e, MD & CEO NCBA Insurance.

She noted that the Coast region remains one of Kenya’s most strategic growth markets, driven by expanding tourism, logistics, trade, infrastructure development and the blue economy. These sectors continue to create new and evolving insurance needs, presenting intermediaries with opportunities to deliver solutions that protect businesses while supporting economic growth.

According to the Kenya National Bureau of Statistics (KNBS), Kenya imports goods worth more than KES 2.5 trillion annually, highlighting the growing need for marine insurance solutions that protect cargo and goods in transit. As Kenya’s principal gateway for international trade, the Coast region remains central to these trade flows. Recent regulatory reforms, including the rollout of a digital marine cargo insurance framework are strengthening compliance while creating new opportunities for insurance intermediaries to support importers, exporters and logistics providers.

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During the forum, held under the theme “Stronger Together: Building Tomorrow’s Partnerships,” Stella identified marine insurance as one of the key growth areas for both NCBA Insurance and its intermediary partners, noting that the company’s comprehensive solutions protect cargo, goods in transit, vessels and other maritime risks across the supply chain.

“As Kenya strengthens its maritime regulatory framework and places greater emphasis on compliance within the shipping and logistics sector, businesses are increasingly recognising the importance of comprehensive marine insurance protection. NCBA Insurance is well positioned to support importers, exporters, logistics providers and businesses operating within the blue economy through tailored marine insurance solutions that protect cargo, goods in transit and other maritime risks,” she added.

The engagement forms part of NCBA Insurance’s ongoing commitment to strengthening collaboration with its intermediary network through continuous engagement, knowledge sharing and investment in innovative insurance solutions. It also reflects the company’s focus on equipping partners with the expertise, products and support required to unlock new business opportunities while delivering greater value to customers.

As NCBA Insurance continues executing its growth strategy, the company remains focused on working closely with its intermediary network to increase insurance penetration, support Kenya’s growing maritime and logistics sectors, and build a stronger, more resilient insurance industry.

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