Author: Patrick Alushula
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 [...]
Zep-Re urges more collaborations to stop premiums flight
Regional reinsurer, Zep-Re, is calling for more collaboration to enhance the technical and financial capacity of local insurers to ensure their capabi [...]
Weak shilling drives up spare-parts costs to pile pressure on Kenya’s motor insurers
The Kenyan shilling has continued to weaken against the US dollar, driving up spare parts costs to pile pressure on the East African economy’s motor i [...]
East Africa oil project new test as Marsh becomes latest target of climate activists
New York-based insurance broking giant Marsh has become the latest target of climate activists, presenting a new test on the sustainability of the con [...]
Pressure eases on Kenya’s general insurers as motor losses improve
Kenya’s general insurers cut underwriting losses by 45% in the nine months ending September 2022 as the performance of motor insurance improved, with [...]
Kenyan underwriters cut their stock market investments to record lows
Kenyan insurers and reinsurers have cut their investment in equities to record lows and ramped up their holding of government paper in a bid to chase [...]