Stima DT Savings and Credit Cooperative Society Limited (Stima Sacco) has launched a fully fledged insurance subsidiary, Mpawa Insurance Brokerage, marking its entry into the broader insurance brokerage business.
The new unit transitions from the former Mpawa Insurance Agency into a licensed brokerage, in line with the Sacco’s 2022–2026 strategic plan aimed at revenue diversification and market expansion.
Chief Executive Officer Gamaliel Hassan said the insurance arm will support the Sacco’s core mandate of providing savings and credit solutions while avoiding the heavy capital requirements of underwriting.
