Insurance

Surveyors to get free Britam cover

Members of the Institution of Surveyors of Kenya will benefit from discounted insurance rates offered by Britam. The two companies have signed a partnership that will see the over 3,000 members access motor private, motor commercial, professional indemnity and domestic insurance covers at discounted rates of up to  10  percent ...

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APA offers online marine insurance

APA Insurance, a subsidiary of Apollo Investments, has incorporated its Marine Insurance Cargo offering with the Kenya Trade Network Agency (KENTRADE) National Electronic Single Window System (Kenya TradeNet System) to provide online marine insurance.  This is in line with the Insurance Act CAP 48 Section 20 which commenced on 1 ...

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Resolution Insurance loss shoots to Ksh246 million

PETER-NDUATI-RESOLUTION

Resolution Insurance recorded a major loss for the second year running after significant investments in structures, IT systems and personnel dented its revenues. The investment was made to support its diversification strategy, which also involved increasing branch network from three to 10 in the course of the year. Consequently, the insurer registered an ...

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APA Insurance gets Ksh252m to fund rural farmers

APA Insurance has received a Ksh252 million ($2.5 million) funding from the MasterCard Foundation Fund for Rural Prosperity to increase incomes and well-being of smallholder farmers in Kenya through targeted micro-insurance products.  APA is the first insurance company to receive such funding in Kenya. The funding, which was announced today ...

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End of the road for giant matatu insurer

Blue-shield

The Insurance Regulatory Authority (IRA) has resolved to wind up Blue Shield Insurance in a move that could close the curtain on what was once Kenya’s biggest underwriter of public service vehicles. Blue Shield was placed under statutory management on September 16, 2011 after several years of complaints by clients ...

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Eight Insurance Terms You Should Know Before Taking Up A Cover

Every industry has its own terminologies. Some that sound so complicated for any person to understand. And when it comes to insurance you are likely to hear industry terms thrown around with no idea what they actually mean. Business Today now samples some of the interesting yet so difficult insurance ...

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