Absa and Co-op lead as banks double down on bancassurance

Author: Patrick AlushulaPublished on: September 1, 2026Country: Kenya

Business & Economy

Absa and Co-op lead as banks double down on bancassurance

Absa Bank Kenya and Co-operative Bank of Kenya led in pre-tax earnings from bancassurance in the first half of 2026, generating Sh1.1 billion and Sh812.7 million, respectively. I&M Group followed with Sh425 million, while KCB Group's earnings fell by 47% to Sh336 million. Bancassurance continues to grow, driven by the expansion of micro, small, and medium-sized enterprises.

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