Professional Profile
Michael Oyugi Oimo is an experienced insurance, pensions, investment and business development professional with more than 30 years of experience spanning insurance underwriting, retirement benefits, investment advisory, business development, product development, corporate strategy and financial-services administration. He is a Director at Mfarusi Insurance Agency Limited and MOOBA Company Limited.
His professional career has included senior leadership roles with ALICO Kenya, CFC Life Assurance, ICEA and ICEA LION Life Assurance, where he rose to Assistant General Manager – Group Business Development at ICEA LION Life Assurance.
Michael has extensive expertise in group life insurance, pension schemes, medical insurance, annuities, pension income drawdown, QROPS, employee benefits, underwriting, claims administration, scheme administration and investment advisory.
He has developed operations manuals, training materials, marketing strategies, pension trust documentation, member information materials and business systems. His experience in the retirement benefits sector includes trustee governance, strategic planning, investment performance, scheme administration and regulatory compliance. He has also participated in trustee board meetings and annual general meetings and supported members and retirees in understanding annuity and pension income drawdown options.
Michael has served as a trainer and facilitator in retirement benefits and insurance and has been involved in the Trustee Development Program Kenya. He has trained trustees from state corporations, multinational organisations, international organisations, private companies and NGOs across Kenya, Uganda and Tanzania. He also played a key role in the 2019 review and development of the Trustee Development Program Kenya curriculum and training manual.
His business development experience includes sales leadership, marketing strategy, client retention, product development, risk assessment, underwriting, bancassurance, alternative distribution, intermediary relationships and corporate client management. At ICEA LION Life Assurance, he led teams, developed marketing strategies, strengthened business systems and processes and supported the expansion of new business.
Earlier in his career at ALICO Kenya, Michael served as Profit Centre Manager – Group Management Division, supporting group life, pension, credit and medical business for corporate and individual clients. He also participated in industry committees and stakeholder forums relating to group life, pensions and regulatory developments.
Michael holds a Bachelor of Commerce in Insurance from the University of Nairobi, a Post Graduate Diploma in Insurance and is an Associate of the Chartered Insurance Institute (ACII), London. He has undertaken specialist training in employee benefits, pensions, strategic management, leadership, underwriting, managed care, product development and business strategy, including certification through Humber University of Canada’s Centre for Employee Benefits and Pensions.
Qualifications
Bachelor of Commerce (Insurance), University of Nairobi. Post Graduate Diploma in Insurance. Associate of the Chartered Insurance Institute (ACII), London. Specialist training in employee benefits, pensions, strategic management, leadership, underwriting, managed care, product development and business strategy. Certification through Humber University of Canada’s Centre for Employee Benefits and Pensions.
Experience
More than 30 years of professional experience across insurance, retirement benefits, pensions, investment advisory, underwriting, claims administration, business development, product development, corporate strategy, trustee development and financial-services administration. Senior leadership experience includes ALICO Kenya, CFC Life Assurance, ICEA and ICEA LION Life Assurance.