Sidian Bancassurance Intermediary has been awarded the title of Best Bancassurance Intermediary in Risk Management at the recent Think Business Insurance Awards 2024.
The bank also achieved the second runner-up position in the overall category of Best Bancassurance Intermediary, as well as in the categories of Most Customer-Centric Bancassurance Intermediary, Best Bancassurance Intermediary in Non-Life and Non-Embedded Products, and Best Bancassurance Intermediary in Technology Application. Since its establishment in 2015, Sidian Bancassurance Intermediary, the insurance arm of Sidian Bank, has demonstrated consistent growth.
The bank is a one-stop shop for entrepreneurs, offering affordable and customised financial and insurance solutions that are driven by customer needs. And this has been demonstrated through awards and recognition.
The Think Business Insurance Awards brought together industry leaders, experts and visionaries to celebrate excellence in the insurance sector and recognise institutions that demonstrate excellence, innovation and customer service on June 7, 2024.
Commenting on the awards, Sidian Bank CEO Chege Thumbi said, “We are extremely proud to be recognised at the Think Business Insurance Awards, our wins and accolades are a testament to our commitment to innovation and excellence in providing comprehensive insurance solutions that are driven by the needs and wants of our customers.”
He added: “We believe that through our strategic partners, our insurance solutions ensure simplicity, affordability and accessibility for our customers. These awards inspire us to continue pushing the boundaries of what’s possible in banking and insurance, ensuring we remain a trusted partner in our customers’ financial journey.”
“Sidian Bank has been recognised for its commitment to the growth and success of small and medium enterprises in Kenya. Part of our ongoing efforts is to provide comprehensive financial solutions to our customers. Through our Bancassurance Division, we aim to increase our retail insurance sales,” he said.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.