Steven Oluoch

Non-executive Director

Steven Oluoch is the Chief Executive Officer of ICEA LION General Insurance Company Limited. Steven’s vast experience in the insurance sector spans 34 years having worked at three reinsurance companies, namely Kenya Reinsurance Company where he commenced his career in 1998 as a management trainee in 1983, PTA Reinsurance Company (ZEP-RE) and Tanzania National Reinsurance Corporation Ltd (TAN-RE). Steven rose through various ranks to the position of Managing Director & Chief Executive Officer of TAN-RE in Dar es Salaam, Tanzania between 2007 and 2010, before returning to Kenya to join the ICEA LION Group.

Mr Oluoch is a graduate of University of Nairobi with a Bachelor of Commerce Degree and also holds a Global Executive Master’s Degree in Business Administration from United States International University in Nairobi (USIU) in collaboration with Columbia University, New York. Professionally, he is an Associate of the Chartered Insurance Institute of London and is a Chartered Insurer. 

In addition to his core responsibilities as CEO, Principal Officer and Director of ICEA LION General, Steven also serves on the Boards of 7 other ICEA LION Group and affiliated companies – namely ICEA LION General Insurance Company of Tanzania (a subsidiary of ICEA LION General), ICEA LION Life Assurance Company Ltd, ICEA LION Asset Management Company Ltd (ILAM), ICEA LION Trust Company Ltd (ITSL), ICEA General Insurance Company Ltd Uganda, ICEA Life Assurance Company Ltd Uganda and East Africa Reinsurance Company Ltd (EA Re).

As a result of serving on these boards and their various committees during the past 7 years, Steven has in addition to his previous long reinsurance practice and management experience gained invaluable learning and hands-on experience in the management of non-life insurance operations, life assurance company operations, asset/fund management and investment operations, pensions administration and trustee services operations in all the three East African countries.

At continental level, in May 2016, Steven was appointed a Member of the Executive Committee of the African Insurance Organisation (AIO) for a period of 3 years (2016 to 2018), appointed by Kenya to represent the entire Eastern Africa region. Steven is also a member of the Editorial Board of the African Insurance Organisation (AIO) Journal.

At regional level, Steven is a member of the Board of the Organisation of Eastern & Southern Insurers (OESAI) which draws its wide membership from the COMESA and SADCC regional economic blocs, and which has a permanent secretariat in Nairobi, Kenya.

At local industry level, Steven is an active member of the Association of Kenya Insurers (AKI) and a member of the AKI Board. He is presently the Convener and Chair of the Statutory & Legal Committee. Up until 31st December 2015, Steven sat as an active member of two key AKI Committees - the Secretariat Affairs & Investment and the Statutory & Legal Committees for 3 years.

Steven has a collaborative leadership style and this has resulted in ICEA LION General Insurance winning several awards during his tenure, including General Insurer of the Year (2014 & 2017) and winning the Deloitte’s Best Company to Work For awards for the insurance sector (2014 – 2016). In 2017, he also led the ICEA LION General Insurance team to winning the Institute of Certified Public Secretaries of Kenya - Champions of Governance Award for the Insurance Sector. On a personal note, he was crowned CEO of the Year by the Kenya Institute of Management at the 2017 Company of the Year Awards and the Lifetime Achievement Award at the Think Business Insurance Awards in 2018.

Steven’s interests encompass reading widely, traveling around the world, African art, music and film of diverse genres, among others. He is passionate maintaining a healthy lifestyle through regular running, walking, swimming & gym activities.

Steven is married and blessed with two children.