BUSINESS

UAP Old Mutual Group has enhanced its recently launched Afya Imara Junior medical insurance product for children to include Covid-19 testing and treatment. The Afya Imara Junior cover was launched as the first ever comprehensive medical cover exclusively for children. Through the cover, children from birth to 18 years of age can access the medical insurance cover without necessarily having…

Cytonn Investments is venturing into the insurance business. The firm has launched its insurance agency arm, the Cytonn Insurance Agency (CIA) whose key objective it says is to disrupt the insurance industry through innovation and automation of insurance processes including the buying and claims process. The insurance uptake in Kenya remains low compared to other key economies, with the insurance…

A tough operating environment, coupled with a surge in claims due to the COVID-19, saw medical underwriter AAR Insurance Kenya’s overall performance decline by 55 percent to Ksh 234 million last year compared to Ksh517 million in 2019. Profit-before-tax also declined from Ksh 756 million to Ksh 317 million in the same period. Gross written premiums, representing the company’s revenue, declined…

Schools and educational institutions as a whole, have for a long time faced myriads of unique risks that would normally require some kind of specialized insurance protection. From students participating in extra-curricular activities to the ever-present dangers in chemistry and biology labs, there is a lot that educational institutions need to protect. And that is excluding damages caused by student…