Insurance
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News
Africa’s Insurance Leaders Forge AI-Driven Future at InsurTech Forum Nairobi
Africa’s insurance leaders have called for more digital connectivity and urgent adoption of connected data and Artificial Intelligence (AI) to…
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CYBER SECURITY
MDR Users Report 97.5% Fewer Claims Than Endpoint-Only Users – Sophos Study
A new Sophos study has revealed the different impact that endpoint solutions, EDR/XDR technologies and MDR services have on claims…
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News
Unpacking Equity’s Bancassurance Offering for Individuals and Small Businesses
Equity Bancassurance: In this continuously growing world, financial institutions are evolving to offer more than just traditional banking services. One…
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News
Safaricom Venturing Into Device Insurance Business
Safaricom, Kenya’s leading telco has begun seeking proposals for a comprehensive device insurance solution. The communication service provider aims to…
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BUSINESS
NCBA, Sanlam Target Customers With New Funeral, Education Insurance Covers
NCBA Group and Sanlam Life Insurance have partnered to offer customers new life insurance products; Digital Last Expense, which will…
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News
Prudential partners with Google Cloud to advance insurance with AI
Prudential plc (Prudential) and Google Cloud are betting big on AI to revolutionize insurance through a strategic partnership announced on…
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BUSINESS
Equity triumphs at The Insurance Awards 2024
Equity Bancassurance Intermediary Ltd and Equity Life Assurance (Kenya), emerged as top achievers at the 2024 Insurance Awards, held in…
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BUSINESS
NCBA Group completes 100% Acquisition of AIG Kenya
NCBA Group on Monday announced the completion of its 100% acquisition of AIG Kenya Insurance Company Limited (“AIG Kenya”), further…
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News
Nigerian mobility startup Treepz launches insurance program for car rentals in Africa
Treepz, the African car-sharing and rental marketplace is introducing an insurance program for car rentals in the continent. The program,…
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News
Kenyan insurtech Turaco acquires Ghana’s MicroEnsure to deepen affordable insurance coverage across Africa
Turaco, the Kenyan insurtech startup offering affordable insurance to users has acquired MicroEnsure Ghana from MIC Global. Under the deal,…
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News
Airtel Money now combines mobile money services and insurance cover
Airtel Money customers will from today be able to purchase insurance cover straight from the mobile money platform. Airtel has…
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News
YC-backed Curacel appoints Adam Jones to its advisory board
Curacel, a Nigerian YC-backed African insurance infrastructure startup has appointed Adam Jones to its advisory board to support ongoing growth across…
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News
Lami joins forces with Unchorlight Kenya to provide insurance covers for Boda Boda riders
Digital insurance provider Lami Technologies is partnering with Unchorlight Kenya (UNK), to provide boda boda riders in the country with…
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News
mTek and partners to provider insurance to 100k small scale vendors
Digital insurance platform mTek has partnered with Kyosk.app and Fin Africa to provide insurance covers to over 100,000 small-scale corner…
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News
More than 2 million Boda Boda riders in Kenya to benefit from affordable insurance
Boda Boda riders in Kenya will now be able to access affordable motor and personal accident covers thanks to a…
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News
Digital insurer mTek has inked a deal with Britam to insure SMEs
Insurance startup mTek which offers its services through digital platforms and eliminates paperwork has inked a deal with Britam to…
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Startups
All products purchased via Lipa Later will now be insured by insurtech firm Lami Technologies
Buy now, pay later (BNPL) company Lipa Later Group has partnered with Lami Technologies to offer its consumers affordable credit insurance…
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News
Michael Joseph appointed board chair of insurtech startup Pula
Former Safaricom CEO Michael Joseph has been appointed as board chair of Kenya agricultural insurtech startup Pula. The startup was…
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Startups
Kenyan insurtech startup Turaco raises $10M Series A funding
Kenyan insurtech firm Turaco has closed a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest…
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INSURANCE
NIXON SHIGOLI: Insurance has many financial benefits, not just compensation
Health, economic and social catastrophes including the recent coronavirus pandemic expose the vulnerability of individuals, families, businesses, economies, and nations…
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Startups
Kenyan insurtech Lami Technologies raises $3.7M to expand across Africa
Kenya-based insurtech startup Lami Technologies has raised a US$ 3.7m seed extension to expand its insurtech product across Africa. The…
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News
Kenya’s digital insurer mTek hits 65k registered users since launching in 2020
The level of insurance penetration in Kenya is way below the global average. According to a 2020 report by the…
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News
Kenyan insurtech firm mTek secures $3 million funding
On the heels of a recent $1.50 million (KSh 170 million) investment, Kenyan insurtech startup mTek has secured an additional …
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Startups
Power and Turaco partner to provide affordable insurance for gig workers across Africa
Fintech startup Power Financial Wellness has joined forces with insurtech firm Turaco to offer affordable health insurance products to its…
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INSURANCE
Health-tech platform M-Tiba and Jubilee partner to provide health insurance for SMEs
Safaricom-owned mobile health platform M-TIBA and Jubilee Health Insurance have announced a new partnership to provide health insurance to SMEs.…
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INSURANCE
YC-backed Curacel unveils new platform to enable tech companies offer insurance
Curacel, a YC-backed African insurance infrastructure startup, has launched an embedded insurance product that will enable tech companies to offer…
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Startups
Insurtech startup Casava secures $4m pre-seed funding to provide affordable insurance for millions of Nigerians
Nigeria’s digital insurance company Casava has secured US$4 million in pre-seed funding to provide affordable and accessible insurance products for…
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Startups
Kenyan insurtech startup Lami acquires Bluewave Insurance Agency for an undisclosed amount
Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency, another Kenyan-based insurtech startup for an undisclosed amount. Bluewave leverages mobile…
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BUSINESS
Telkom, Britam partner on mobile and insurance product
Telkom Kenya, and the financial services group Britam Holding, have partnered to launch a mobile-based insurance product. Known as Life…
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BUSINESS
Ecobank partners with insurance companies to offer bancassurance to SMEs across Africa
Ecobank Group’s Commercial Banking business has partnered with a number of insurance companies to offer a range of Bancassurance solutions…
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News
Insurance and Asset Management provider Allianz welcomes its global IT provider to Africa
Insurance and asset managers Allianz has launched its Allianz Technology’s activities (AZTA) in Africa to provide IT services exclusively to…
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Interviews
![[Interview] Maryanne Michuki, Stanbic Bank Innovation lead: Digitizing motor insurance with StanSure app](https://techtrendske.co.ke/wp-content/uploads/2021/08/Maryanne-Michuki-1-390x220.jpeg)
[Interview] Maryanne Michuki, Stanbic Bank Innovation lead: Digitizing motor insurance with StanSure app
According to the Insurance Outlook Report 2019/2020 East Africa by Deloitte, insurers in the region have experienced better times than…
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News
Naspers Foundry leads $8.3m Series A investment in South African insurtech startup Naked
Naspers, through its early-stage tech investment vehicle Naspers Foundry, invested $8.3 million (R120 million) in Naked, the artificial intelligence (AI)-driven insurtech startup that…
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INSURANCE
AfriGlobal Insurance Brokers launches AfriCover247 digital insurance transaction platform in Nigeria
Nigerian-based AfriGlobal Insurance Brokers has launched AfriCover247, a round-the-clock digital insurance transaction platform that will assist businesses, individuals, and technology…
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News
KES 5.3 million accelerator programme launched to drive innovation in Kenya’s insurance sector
FSD Africa, the Insurance Regulatory Authority, and Tellistic Technology Services have launched BimaLab, a KES 5.3 million accelerator programme designed…
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INSURANCE
Importance of the health insurance premium calculator
Uncertainties are a part of life, the person needs to be prepared for all of them. Being financially secure will…
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BUSINESS
Cytonn Investments ventures into insurance business
Cytonn Investments is venturing into the insurance business. The firm has launched its insurance agency arm, the Cytonn Insurance Agency…
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News
Kenyan Female Entrepreneur Raises $1.8M in Seed Funding for Lami Technologies
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has…
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News
Uptake of agriculture insurance still low in Africa, Allianz Africa
The uptake of agriculture insurance is still low in Kenya and other African countries. This revelation was made during a…
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BUSINESS
AAR Insurance Goes Digital with New Mobile App
AAR Insurance Kenya has launched a new mobile app available on Google Play Store and the App Store. The new…
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INSURANCE
Allianz Africa announces leadership and structural changes at Allianz Nigeria
Allianz Africa has announced leadership and structural changes at Allianz Nigeria. These changes are subject to the approvals of the…
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INSURANCE
[Interview] Addressing cross-border insurance in Africa
Africa remains one of the regions with the greatest growth potential in the world with African organisations focusing their growth…
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INSURANCE
Insurance sector players urged to go digital to cope with Covid-19 realities
Players in the insurance sector have been urged to speed-up the industry’s digitization process so as to be able to…
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News
Santam Insurance invests in South Africa’s Insurtech startup JaSure
South Africa’s on-demand insurance technology (Insurtech) startup JaSure has raised funding from the country’s leading short-term insurer Santam. Details about…
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INSURANCE
Here’s why you should offer health insurance to your employees
Today, the cost of healthcare in Kenya has risen drastically, thanks to the evergrowing demand for medical services. Having health…
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INSURANCE
A guide to understanding goods in transit insurance
If your a transporter or business person and materials or stock are an essential asset to your business, they must…
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COLUMNS
How to choose the right insurance company that suits your needs
If you’re an individual or a company looking for ways to insure your property, or even health, choosing an insurance…
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BUSINESS
Leadway Insurance – Your Go-To Insurance Broker company
Kenya has a number of insurance companies ranging from industry giants with thousands of policies in force to small companies…
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INSURANCE
Kenidia Assurance looking at product diversification and regional expansion as it marks marks 40th Anniversary
Kenindia Assurance has reiterated its commitment to doing business in Kenya even as it repositions itself for accelerated growth within…
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Interviews
Outlook on the Insurance Industry in Kenya – Kenindia Assurance
Having grown from a turnover of Kshs 200m per year to over Kshs 3 billion per year, Kenindia Assurance will…
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INSURANCE
ZEP-RE hosts insuretech hackathon in a bid to digitise their claims process
PTA Reinsurance Company recently hosted a two-day insuretech hackathon dubbed “TechMeetInsurance” at ZEP-RE in a bid to automate their internal claims…
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News
Strathmore’s Dr. George Njenga’s Take on Data Management at Africa Insurance Summit 2018
On the 25th of June 2018, IIB (Insurance Information Bureau) in conjunction with Strathmore business school hosted the Africa Insurance…
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INSURANCE
SureBüddy brings sponsored cover to Uganda with new insurance Mobile App
SureBüddy Android application that has today launched sponsored insurance and insurance-related products to Uganda. SureBüddy renders advertisements, the consumer…
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INSURANCE
Lack of education on ICT to blame for growing cyber attacks on Insurance and banking sectors in Kenya.
Insurance and banking services sectors in the country need to enhance the pace of deployment of secure Information Communication Technology…
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