Regulator’s Report Shows Low Insurance Penetration

Insurance penetration in Kenya increased marginally to 2.41% in 2023, up from 2.33% in 2022. Global penetration levels averaged 7% in 2023.

BT Correspondent1 Mins read

BUSINESS

Liberty Kenya Retreats From Tanzania, 2024 Profit Surges 109%

Liberty Kenya Holdings Plc posted a 108.5% increase in profit after tax to Ksh1.402 billion for the financial year ended 31st December 2024,...

BT Correspondent2 Mins read

BUSINESS

Jubilee Health Digital Platform to Simplify Insurance Distribution

Jubilee Health Insurance has officially launched J-Force, a digital platform seen to revolutionise insurance intermediation by empowering agents, brokers, and bancassurers with seamless,...

BT Correspondent2 Mins read

SMART MONEY

Kenya’s Insurance Regulator Releases First-Ever Guidebook on Retirement

The Association of Kenya Insurers today launched a guidebook on the retirement benefits sector in Kenya. A first of its kind in the...

BT Correspondent1 Mins read

BUSINESS

State of the Bancassurance Market in Kenya 2024

The Association of Kenya Insurers this week released findings from a study on the state of the bancassurance market in Kenya.

BT Reporter2 Mins read

Kenya Re insurance - AI-driven solutions

BUSINESS TECHNOLOGY

Kenya Re Turns to University Students to Develop AI-Driven Solutions

Kenya Reinsurance Corporation (Kenya Re) and the University of Nairobi have launched the Kenya Re AI4Insurance Hackathon 2024, where students will develop solutions...

BT Reporter1 Mins read

SMART MONEY

Digital Migration in Kenya’s Evolving Motor Insurance

The digital migration in Kenya's motor insurance industry can be mostly attributed to Kenya’s tech-savvy population from the widespread use of smartphones and...

BT Correspondent2 Mins read