Insurance
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NEWS
Zamara Voted Best Insurance Broker of the Year Award
Insurance brokerage firm Zamara Risk and Insurance Brokers Limited has been voted the Best Insurance Brokerage firm in Kenya at the 14th Think Business Insurance Awards, 2024, held on 15th July 2024. The firm was also recognized as the best General Broker of the year, best Medical Broker of the year and best Life broker of the year as well as…
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HEALTHCARE
Fidelity Shield Insurance launches ‘My Afya Shield’ digital product
Fidelity Shield Insurance has announced the launch of My Afya Shield, a health coverage product designed to transform healthcare access in Kenya. This initiative reinforces Fidelity’s commitment to prioritizing preventive healthcare and enhancing wellness among its members. My Afya Shield offers an extensive range of benefits, including access to treatments, vaccines, counseling services, mental wellness support, rehabilitation services, and personalized wellness programs.…
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BUSINESS
Old Mutual opens second full-suite branch in Mombasa
Old Mutual Kenya (OMK) has opened a second full-suite branch in the coastal city of Mombasa, as part of a business strategy hinged on providing integrated solutions addressing customers’ financial needs at different points in their lives. The new office in Mombasa will offer clients a wide array of insurance, savings and investment solutions under one roof, as the company…
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BUSINESS
KCB, NBK and Britam Target SMEs in Health Insurance Distribution Deal
KCB and National Bank of Kenya (NBK) have entered into an agreement with Britam General Insurance to distribute affordable health insurance products targeted at Small and Medium Enterprises (SMEs) across the country. In the deal, KCB Bancassurance Intermediary Limited and National Bank of Kenya Bancassurance Intermediary Limited will jointly distribute the newly launched KCB Flme Simba Health and Uzima Tele Insurance Plans. The two products are specifically designed to meet the needs of MSMEs by offering affordable premiums with a flexible…
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NEWS
Old Mutual Targets Pension schemes with alternative investments
Old Mutual has rolled out its Alternative Investment vision targeting pension schemes seeking to diversify their investments and gain long-term returns. This is against the backdrop of an extensive engagement campaign through pension scheme training, and investment conferences showcasing the success stories of Alternative Investment. This is part of the firm’s new commitment to help its clientele unlock possibilities while adding…
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NEWS
Swiss Re Foundation announces $500K grant to support insurtech startups in Africa
Swiss Re Foundation has announced a USD 500,000 grant for Africa’s insurance sector to spur innovation of insurance solutions for the underserved. The funding, to be distributed through the FSD Africa’s supported BimaLab insurance accelerator programme, will unlock and accelerate the transformation of Africa’s insurance sector through innovative offerings for the sector’s unique landscape. Recently, there has been increased attention to Africa’s expanding and promising insurance sector. At the COP27…
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BUSINESS
Insurance Broker Minet Kenya scoops best intermediary of the year award
Minet Kenya Insurance Brokers Limited was declared and awarded as the overall best intermediary of the year in the 2020 annual intermediaries’ awards by UAP Insurance Kenya Limited. The broker, who met the required parameters of the program was awarded with a brand-new car, VW Polo. The annual awards covered all the key intermediated distribution channels including brokers, independent agents,…
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NEWS
AAR Insurance rolls out Covid-19 vaccine medical cover
Individuals vaccinated against the coronavirus that causes COVID-19, and are worried about developing side effects, can now acquire a Kshs2,950 health insurance cover for up to 60 days after receiving the vaccine from AAR The insurance firm has introduced ‘Chanjo’ cover, the first of its kind in the market, catering for medical expenses arising from the side effects of the…
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BUSINESS
UAP Old Mutual cover for children now includes Covid-19
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…
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BUSINESS
Cytonn Investments ventures into insurance business
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…
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Uncategorized
How to best manage your health-care cost
Only a small percentage of Kenyans have medical insurance, the massive awareness and consumer education by NHIF notwithstanding.
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