Jubilee Health Insurance Earns Top Financial Strength Rating

Global Credit Rating (GCR) has affirmed Jubilee Health Insurance with a Financial Strength Rating of AA(KE), Stable Outlook, placing the company among the highest-rated health insurers in Kenya.

The GCR rating is a key measure of an insurer’s ability to honour policyholder obligations. In a market where medical costs continue to rise and weigh heavily on households and businesses, Jubilee’s AA(KE) rating underscores its resilience, strong cashflows, and disciplined risk management, reflecting its consistent financial strength and ability to settle claims reliably and on time.

In 2024, Jubilee Health Insurance was also honored as Health Financier of the Year by the Kenya Medical Association, a powerful endorsement from the medical community that, just like the GCR rating, affirms Jubilee’s strength in healthcare financing and its reliability in settling claims on time.

Speaking during the announcement, Njeri Jomo, CEO of Jubilee Health Insurance, said:

“The AA(KE) rating is about trust. When our customers hand us their premiums, they are entrusting us with their families’ health. The AA(KE) rating is proof that Jubilee has the strength, stability, and discipline to honour that trust today, tomorrow, and in the future.”

This affirmation adds to the wider recognition of Jubilee’s leadership and resilience in a challenging healthcare landscape, including Ms. Jomo recent recognition as CEO of the Year in Insurance and Risk Management at the Strategic Business and Leadership Awards 2025.

Kenya’s health insurance sector continues to face strain from medical inflation, which has averaged above 10% annually in recent years, outpacing general inflation. Insurers without strong capital bases or disciplined claims management often struggle, resulting in delayed hospital payments or higher premiums for customers. Jubilee’s strong financial standing positions it to withstand these pressures and deliver sustainable value.

Notably, Jubilee Life Insurance, a fully owned subsidiary of Jubilee Holdings, also recently received the same AA(KE) rating from GCR. Together, these affirmations place Jubilee Holdings Limited at the top tier of insurers in East Africa, reinforced by its latest half-year financial results.

As healthcare costs continue to climb at double-digit rates, financial strength has become the defining factor in the stability of Kenya’s health insurance sector, and Jubilee stands at the forefront, delivering sustainable value to its clients and partners.

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