CIC Marine Insurance provides homegrown solutions for large, medium and small importers

From 14th February 2025, the government is implementing a directive that requires all goods destined to Kenya to have a mandatory marine cargo insurance certificate issued by a locally incorporated insurance company in line with the provisions of section 20 of the Insurance Act cap 497.

This enforcement serves to support the growth of local insurance industry and ensures that local importers benefit from comprehensive Warehouse to Warehouse cover unlike foreign marine policies which terminate at the destination port. Buying local insurance also fosters faster claims processing through effective services while the insuring public enjoy regulatory protection a benefit that was not availed by foreign marine covers leaving importers with little recourse in case of disputes.

The directive is also beneficial to the importers as they will no longer have to deal with currency exchange challenges which eliminates the hurdle experienced with foreign marine insurance covers.