Author: Patrick Alushula
Kenya’s underwriters pay record KSH17bn policy surrenders on Covid-19 hardships
Kenya’s underwriters’ payments to customers abandoning polices quadrupled in 2021 to hit KSH17.09bn ($148.8m) on the back of coronavirus-induced econo [...]
For all their fine words, Kenyan insurers are failing customers on claims payment
Insurance exists on convincing customers to buy a promise: “Pay premiums now when all is working and I’ll be there in your darkest hour to provide the [...]
Kenya’s insurance regulator to conduct study on premium pricing amid low penetration
Kenya’s insurance regulator wants to conduct an actuarial study to determine appropriate premium rates for the sector amid persistently lower penetrat [...]
ATI to guarantee larger power projects on doubled funding
What was the size of funding for the RLSF in the last four years and what were you able to achieve?
The pool of funding that was made availab [...]
Kenya’s underwriters count on premium hike to halt losses in motor insurance
Kenya’s underwriters are counting on increased premiums to halt the streak of losses in motor insurance but will first have to surmount legal hurdles. [...]
ESG guidelines reinforce Kenya insurers’ sustainability focus
Kenya’s securities exchange has given listed firms a year to start environmental, social and governance (ESG) reporting, with insurers having the uppe [...]
Kenya’s digital lenders planning to sell microinsurance
Kenya’s digital lenders are planning to roll out microinsurance products and target thousands of customers tapping into small loans via mobile phones. [...]
Banking regulator rallies Kenya’s financial sector into sustainability strategies
Kenya’s banking regulator has directed lenders to include climate risk management in their business models, in a move that is likely to spread to othe [...]
Kenya’s insurers see hyper-personalised covers as a way to sustain growth
Kenya’s insurers are betting on hyper-personalised policies as the way to sustain current customers and win over the younger population, given that th [...]
Kenya’s regulator seeks insurance framework to sustainably grow medical covers
Kenya’s insurance regulator is closer to creating a legal and regulatory framework to grow uptake of private insurance through reduced costs without p [...]