Author: Patrick Alushula
Micro-insurance growing into Kenya’s best bet to deepen penetration
Kenya’s rising uptake of micro-insurance products in areas such as health and agriculture is offering hope of increased penetration of insurance in a [...]
Kenya’s insurance regulator eyes hefty fines for rogue bosses
Kenya’s insurance industry regulator is proposing a Bill that will see bosses who mismanage insurance companies, including falsifying financial statem [...]
Kenya’s underwriters ready to battle in court plan to tax insurance compensation
Kenya’s insurers stand ready to oppose in court the proposed amendment to the country’s Finance Bill, which tax experts warn is likely to tax compensa [...]
Kenya’s affordable healthcare for masses at risk as state-backed insurer battles insolvency
Kenya’s health cover provider National Health Insurance Fund (NHIF) is battling insolvency on mounting claims and increased number of members defaulti [...]
Government overturns suspension of Kenya’s insurance industry regulator boss
Kenya’s government has reinstated the Insurance Regulatory Authority (IRA) commissioner general Godfrey Kiptum back to the helm of the regulatory body [...]
Kenya’s largest bank disrupts market with full entry into insurance
Kenya’s largest bank by asset base, Equity Group’s acquisition of a general insurance licence about a year after entering the long-term insurance indu [...]
Swiss Re partners with Kenyan underwriter to launch index-based flood insurance
Global reinsurer Swiss Re has partnered with Kenya’s Britam Holding to launch an index-based flood insurance solution to cushion small-scale farmers i [...]
Investments help Kenya’s insurers offset underwriting losses
Kenya’s general insurers cut their underwriting losses and enjoyed increased investment income to record a 61% jump in pre-tax profit to KES14.16bn in [...]
Kenya counts on insurance and livestock marketing to cut pastoral poverty
Kenya is counting on insurance uptake and building of regional markets to build resilience of pastoralist farmers spread out in nearly half of the cou [...]
Kenya’s World Bank-backed $140m livestock cover races past annual target
Kenya’s World Bank-backed livestock insurance project has signed up 73,000 pastoralists in under five months, signalling that demand could outstrip th [...]