Resolution insurance has launched a
comprehensive marine insurance cover dubbed ‘Resolution Marine
Cargo’ in a move to offer affordable transit policy into the
market that provides a one-stop shop solution for all marine
Speaking during the event held at
Whitesands Beach Resort, Resolution Insurance Group
Chief Executive Officer Mr. Peter Nduati said the launch
is in line with the insurer’s business strategy on
financial inclusion and deepening insurance penetration
in the country.
“Resolution marine insurance will ease
safety concerns of importers, manufacturers and
“As we continue to grow, we understand
that the needs of our customers also continue to
become diverse. It is therefore our delight that we
continue meeting our client’s needs and giving them
Mr. Nduati said the cover can be
purchased via the online portal
Some of the unique features also
include a comprehensive policy that insures goods
against loss or damage, caters for legal liabilities for
general average and rescue where applicable whilst on
transit by means of the specified conveyances (sea, air
or land) within the geographical limits and conditions
specified in the policy.
Resolution Insurance Group CEO Peter Nduati
with Kenya Maritime Authority Official John Omingo
unveils the plaque during the launch of a marine
insurance cover dubbed ‘Resolution Marine Cargo’ at the
Whitesands Beach Resort in Mombasa.
The move comes at a time when a new
law compelling importers to buy policy from local players came
into effect in January 2017.
The directive is seen as one meant to
boost the insurance penetration in the country which currently
stands at 3 per cent.
The Kenya Maritime Authority Acting
Director General-Mr. Cosmas Cherop commended Resolution
Insurance for demonstrating their willingness to tap into the
rich marine industry adding that they are working to support the
new product and ensure that the new Resolution Marine Cargo
serves its intended purpose.
Resolution Insurance currently has a
network of over 10 branches in Nairobi, Mombasa, Kisumu,
Eldoret, Meru, Nyeri, Kisii, Nakuru, Kitengela and Thika.
The general insurer offers a number of
innovative products and solutions namely Medical Plans, Travel
Plans, Liability Plans, Property Covers, Motor Covers and all
other classes of General Insurance.