Author: Patrick Alushula
Eyes on Kenya insurers’ capital as regulator cancels two licences
The insurance regulator in Kenya has cancelled the licences of two insurers in one week over mounting defaults on claims payment, shining the spotligh [...]
How Kenya’s top bank plans to disrupt medical insurance pricing
Kenya’s largest bank by market valuation is backing outpatient clinics and ‘own drugs’ to disrupt the pricing of medical insurance, barely two years a [...]
Kenya’s insurance regulator puts inclusion, sustainability at the heart of its new strategy
Kenya’s insurance regulator has unveiled its draft strategic plan that puts inclusion and sustainability practices at the heart of its focus amid elev [...]
Industry turns to Insurtech to close insurance protection gaps
There is a growing appreciation among Africa’s insurance sector stakeholders of the role that Insurtech start-ups can play in narrowing the widely pub [...]
Kenya’s low flood insurance penetration exposes economy to significant financial risks
Kenya’s economy took a knock of as much as 5.5% of the value of its economy due to floods, pointing to the steep price of the low flood insurance pene [...]
Kenya’s insurance regulator pressured over underwriters’ capital adequacy test
Kenya’s insurance regulator is facing pressure from a consumers’ lobby group over allegations that it has allowed insurers with low capital levels to [...]
South Africa’s Hollard International enters East Africa in deal with Kenya’s APA
South Africa’s insurance group Hollard International is acquiring a 20% stake in Kenya’s insurance group Apollo Investments Limited, extending its rea [...]
Kenya Re stresses role of training with launch of own academy
The Kenya Reinsurance Corporation (Kenya Re) has launched a training academy to upskill players in the insurance and reinsurance sector, focusing on t [...]
Banks leverage financial strength to deepen foray into Kenya insurance market
Commercial banks are increasingly chipping at Kenya insurers’ market through greenfield licences, acquisitions and bancassurance, putting to test the [...]
GA Insurance tests Kenyan market with first carbon-neutral electric vehicle cover
Kenya’s third-largest general underwriter, GA Insurance, has launched the country’s first comprehensive electric vehicles (EVs) cover as the industry [...]