Equity Group, a Nairobi-headquartered financial services group, is set to launch life insurance services in the Democratic Republic of Congo (DRC) before expanding to other regional markets. The group has already rolled out life insurance in Kenya, where it has over 11.5 million subscribers. The DRC pilot is expected to provide key lessons before the insurance services are launched in other subsidiaries in markets including Uganda, Tanzania, South Sudan, and Rwanda. Equity Group’s first insurance subsidiary started operations in March 2022, providing life products.
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