Stakeholders in the Bancassurance sector have called for urgent regulatory reforms to match the pace of innovation in the insurance industry, meet customers’ evolving needs, and unlock inclusive insurance growth. …
Traders moving goods through the Mombasa Port have reason to celebrate. Improved operational efficiencies and higher trade flows resulted in a significant growth in cargo handled at the port in …
Insurance for most Kenyans is a grudge purchase – something people reluctantly buy because it is mandated, not necessarily because they see its value. This has contributed to a low …
In Kenya, third-party car insurance isn’t just an option—it’s the law. Every motorist must carry at least this basic form of insurance before taking to the road. Yet despite its …
There is no dispute that insurance plays an indispensable role in society by securing individuals, families and businesses against financial losses emanating from a multiplicity of risks like illness, accidents and natural …
In 2004, the Central Bank of Kenya took a significant step by granting the first commercial bank the authority to operate a bancassurance business. This landmark decision paved the way …
CIC Insurance Group Plc is pleased to report a Profit Before Tax of Ksh 3.99 billion for the year ending December 2024, compared to Ksh 2.54 billion recorded in 2023, …
In Kenya, the spirit of Harambee, pulling together to support one another is deeply embedded in our culture. Whether in villages or urban centers, it is not uncommon to be …
In a landmark gathering that blended vision with action, AAR Insurance made history by hosting the inaugural East Africa Sales Conference 2025 under the theme, “Business Unusual.” Held at the Safari Park Hotel …
Liberty Kenya has launched the second season of its flagship financial web series, Money Master in a bid to empower Kenyans with the tools and knowledge to achieve financial freedom. Building on …
APA Insurance has taken a significant step in securing the health and well-being of Kenya’s security forces by becoming the lead provider of comprehensive insurance services for the Kenya Police …
APA Insurance, in partnership with Hollard Health, has launched an innovative international health insurance solution – APA Hollard Health. This new offering seamlessly integrates cutting-edge technology with a personalized approach, enabling …
Fidelity Shield Insurance has announced the launch of My Afya Shield, a pioneering health coverage product designed to transform healthcare access in Kenya. This initiative reinforces Fidelity’s commitment to prioritizing preventive …
CIC Insurance Group Plc has today affirmed its commitment to enhance its customer service delivery capabilities by continuously investing in digital technological upgrades. Part of this investment has gone towards …
APA Insurance emerged triumphant at the 13th Kalasha International Film and TV Awards for their TV ad campaign – Mementos of Past Disasters. Directed by the award-winning Director Abu Melita, …
Liberty and Heritage were on the podium at the AKI Awards Gala as the industry’s top-performing insurance companies were honored for their exemplary service. During the gala event, Heritage agent …
With the incessant depreciation of the Kenyan dollar rate & aggressive rise in inflation, the importance of having a proper insurance cover in place today is greatly understated. As an …
In August 2021, the United Nations Secretary General, Antonio Guterres termed the climate crisis as a code red for humanity; one of the greatest existential threats facing the world today. …
The Work Injury Benefits Act (WIBA), enacted in 2007 in Kenya, plays a vital role in ensuring the well-being of both individuals and businesses. This legislation is designed to compensate …
A motorist insured in Kenya expects that whenever they are involved in an accident or incident, their insurer will compensate for the loss suffered once they notify them. However, there …
M-TIBA has partnered with eBee, an electric mobility solutions provider that creates jobs for youth and women by providing last-mile delivery services on electric bicycles. The partnership will enable over …
AA Kenya has deepened its partnership with Insurance service providers to offer members an enhanced array of Membership propositions. With a strong commitment to supporting motorists across the nation, AA …
Despite having a population of over 50 million people, Kenya’s insurance penetration rate stands at 1.3 percent, which is relatively low. There are different ways to protect your loved ones to ensure that they lead …
CIC Insurance Group Plc is pleased to release our 2023 half-year results based on the new IFRS 17 reporting standards. The IFRS 17 standard provides consistent principles for all aspects …
Kenya Reinsurance Corporation Limited (Kenya Re) has today reported a Profit before Tax (PBT) of Kshs 1.3 billion for the half-year period ending June 30, 2023, registering 9% growth compared …
Kenya Orient Life Assurance Limited has received approval from the Retirement Benefits Authority (RBA) to manage NSSF tier II contributions through the Kenya Orient Individual Pension Plan and Umbrella Pension …
According to a recent report released by the Insurance Regulatory Authority (IRA) three insurance Companies were responsible for over a third of all consumer complaints lodged against the insurance sector …
It is difficult to sustainably run a business in a volatile environment. This is especially the case for most small and medium enterprises (SMEs). These business operations are majorly owned …
AAR Healthcare Kenya Limited has just achieved a major milestone: the accreditation of Williamson House Laboratory to the ISO 15189-2012 Accreditation for Medical Testing Laboratories. This accreditation confirms AAR Healthcare …
The Kenya Reinsurance Corporation (Kenya Re) has reported a profit after Tax of 3.62 billion shillings for the year ended 31 December 2022, representing a 15 percent growth compared to …
Discussions around Kenya’s insurance sector are often marred with controversy and sometimes confusion. Many Kenyans have inadequate trust in most insurance service providers, something that Xplico Insurance says shouldn’t be …
It is not easy to shop for insurance in Kenya. There are so many players in the market and sometimes it is hard to tell who offers the best services. …
According to analysts from Xplico Insurance, the time for Kenyan small and medium enterprises (SMEs) to embrace insurance coverage is long overdue. According to the industry player, the immense contribution …
The Insurance Regulatory Authority (IRA) fined 10 insurance companies in Kenya a total of 56.9 million shillings over late payments and failure to submit audited accounts. The 10 insurance companies …
Britam Plc has cited tech platforms and partnerships as areas that will accelerate its growth over the next five years. The listed insurer, while releasing its half-year results, said that …
Health, economic and social catastrophes including the recent coronavirus pandemic expose the vulnerability of individuals, families, businesses, economies, and nations to unforeseen but catastrophic risks. On a positive note, more …
Kenya Orient Life Assurance Limited has set out to upscale the financial skillsets of its agency managers by empowering them with the book Wallet Words. Wallet Words by author and financial coach …
Kenya is often seen as the emerging cradle of the African economy, but at 3 percent, the country has the third lowest insurance penetration rate in Sub-Saharan Africa with South …
Kenyans have been urged to take advantage of the affordable and customized last expense covers in the market as a means of reducing the financial burden associated with the loss …
Kenyan insurtech and digital insurance platform mTek has secured an additional investment commitment from African-focused fintech platform, Finclusion Group, to date totaling $3 million (KSh 340 million) – through both …
When you are a mother, you are never really alone in your thoughts. A mother always has to think twice, once for herself and once for her child. That’s how …
In a bid to increase health insurance knowledge and penetration; M-TIBA and Britam insurance have today kicked off a 9-day educational roadshow campaign set to touch Nairobi and its environs. …
Britam Holdings PLC has posted a profit before tax of 1.0 billion shillings for the financial year ended 31 December 2021, an improvement from a loss before tax of 9.7 …
CIC Insurance Group Plc Profit Before Tax hit 960 million shillings for the year 2021 compared to a loss before tax of 80 million shillings recorded in 2020. The Group’s …
This week was dominated by so many negative sentiments about some health insurance products. From the sentiments, it was obvious that those who were taking part did not understand how …
