African Insurance Awards 2026

Category

2026 Insurance CEO of the Year

Nominee

Angela Okinda, Managing Director & Principal Officer, Equity Life Assurance, Kenya
, Kenya

Reason for nomination

Industry Experience

July 2021 to Present: Group Managing Director Equity Insurance Group and Managing Director and Principal Officer, Equity Life Assurance (Kenya) Limited [ELAK] 

Feb 2019 – June 2021: Director of Pensions for Africa – Zamara Actuaries, Administrators and Consultants   Feb 2020 – June 2021: Group Director and Managing Director – Zamara Actuaries, Administrators and Consultants (Uganda) Limited 

July 2010 – June 2021: Divisional Head, Umbrella and Retail Solutions Alexander Forbes Financial Services (East Africa) Limited, rebranded to Zamara Actuaries, Administrators and Consultants 

2007 – 2009:  Head, Special Projects and Head of Enterprise Risk & Compliance, Alexander Forbes Financial Services (East Africa) Limited 

2006 – 2007: Retirement Benefits Authority (RBA Kenya)

Insurance Qualifications

1. Associate, Life Office Managers Association (LOMA)

2. Chartered Financial Analyst (CFA) Level 3   

3. Gold Star Bullet Proof Manager 

Professional Recognitions and Awards

1. Top 40Under40 Women in Kenya in 2019  

2. CFC Stanbic Africa Rising Star Finalist, 2015

3. CEO of the Year - Think Business Insurance Awards 2024

Contribution to / Achievements in the Industry

Innovation – led the Equity insurance team to introduce new underwriting practices and innovative products on life assurance that have improved risk assessment and ultimately performance of products. In March 2023, Equity Life Assurance (Kenya) after 11 months of operations in 2022 garnered awards for the Best Loss Ratio, Innovation, Best Practice and Group Life Company of the Year.

Innovation – launched and managed the first Umbrella Retirement Fund in East Africa to enable employers seeking to outsource pension management in its entirety.

Innovation – built in Insurance Wrappers into the Umbrella Retirement Fund to enable MSMEs benefit from bundling of risk and obtain better pricing without complexities.

Technology - design and implementation of the first end-to-end insurtech that is currently under implementation to provide fully digital insurance solution IFRS 17 Insurance Contracts implementation  

Financial Literacy programs - Active participant in Financial Education and Training for individuals, companies and trustees in at least six (6) African countries on various finance topics  Mentorship – Active participant in EQUITY for Equity Women leaders mentorship for Women leaders

Other Awards 

Award for Impactful Student Leadership (UON) 

Award for Best Advocate Writer on Stories about Violence against Women Coalition on Violence Against Women (COVAW) 

Affiliations  

Young Leaders Mentorship Network 2019 to present 

Women on Boards Network WOBN  

National Coordinator, East African Community (EAC)

Financial Services Providers Council 2015 - present 

Chairperson, Alexander Forbes Junior Board, East Africa 2012 - 2014 

Member, Coalition on Violence Against Women (COVAW) 2008

Highlight of some key Speaking Engagements 

Some TV Interviews 

https://www.facebook.com/NTVKenya/videos/there-can-never-be-enough-innovationfor-a-market-to-survive-or-business-to-excel/804029076681643/

https://www.facebook.com/NTVKenya/videos/there-can-never-be-enough-innovationfor-a-market-to-survive-or-business-to-excel/804029076681643/

https://www.youtube.com/watch?v=HQr2dZkH-E4

https://nation.africa/kenya/news/covid-19-pandemic-sets-stage-for-retirement-crisis-289114

Some Conference Speaking Engagements

Speaker, Annual East African Retirement Conference 2020 -Topic: The Role of Strategic Planning & Governance to the Success of a Retirement Fund 

Speaker, BASF Global Women’s Conference 2019 -Topic: Being a Phenomenal Woman – Doing What it Takes to Succeed 

Speaker, Pan African Investments Conference – Private Equity Focus, London 2018 -Topic: The Role of Investments and Insurance in Building Capital 

Speaker, Africa Investments Conference 2017 - Topic: The Role of Investments in Building Capital 

Speaker, 8th Annual Retirement Reforms Conference, Johannesburg, South Africa 2016 - Topic: Risk Management for Employee Benefits Plans Across Africa 

Speaker, 7th Annual Retirement Reforms Conference, Johannesburg, South Africa 2015 - Topic: Evaluating How Your Retirement Fund is Performing 

Speaker, Southern Africa Conference for Pension Funds, Swakopmund, Namibia 2014 - Topic: A Case for Long Term Sustainable Development in Infrastructure Projects Africa 

Speaker, Association of Kenya Insurers Conference, Nairobi 2013 - Topic: Innovation in the East African insurance market