Nairobi, March 31 -- Equity Group is set to roll out its general and health insurance arms by the end of June this year, raising its stake in the underwriting industry after launching life business in 2022.

In May 2023, Equity said it had got approval from the Insurance Regulatory Authority (IRA) to set up a general insurance company, opening the way for the lender to start covering risks such as car accidents, diseases, fire, and theft.

Equity Group CEO James Mwangi said at an investor briefing last week that the general insurance business will operate on a no-exclusion basis, especially on medical cover.

"We are projecting by the end of June to have life and general insurance, which will also have health, completing the entire offeri...