mTek, a digital online insurance platform, has partnered with BuyRentKenya, a real estate platform in Kenya, providing a platform-as-a-service to enhance the insurance ecosystem in Africa through technology and foster connectivity across the entire system.
The partnership will also see the participation of GA Insurance Kenya as the underwriter for the home insurance products offered through mTek’s platform.
Through its Domestic Package Insurance cover, GA Insurance safeguards consumers against losses or damages to their homes, household items, injuries, or fatalities involving home workers, among other risks.
GA Insurance Kenya brings with it a wealth of experience and expertise in the insurance industry, ensuring that customers receive comprehensive coverage.
mTek will harness its Business-to-Customer (B2C) digital online insurance platform, providing a seamless and convenient avenue for individuals to access insurance products. With a strong focus on digitization, mTek aims to simplify the insurance process, making it more accessible and efficient for consumers.
“We are thrilled to partner with BuyRentKenya to extend our digital insurance platform to more homeowners in Kenya. Our objective is to leverage technology to streamline the insurance process and enhance accessibility. Working with BuyRentKenya, we are dedicated to fostering innovation and digitization in the insurance industry,” said Bente Krogmann, CEO mTek.
BuyRentKenya will leverage its network and expertise in the real estate industry to promote and facilitate the adoption of home insurance solutions offered by mTek.
“Utilizing our strengths and resources, our goal is to establish a seamless and user-friendly insurance experience for homeowners, ultimately enhancing the protection and security of their properties,” said Elizabeth Costabir, CEO at BuyRentKenya.
According to the 2022 Insurance Industry Market report by the Association of Kenya Insurers (AKI), the majority of consumers now prefer insurance services offered digitally, avoiding the need to wait for assistance from customer service across various functions such as policy purchase, management, payment settlement, claims processing, and more.
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