• Advertise
  • Jobs
  • Freelance Gigs
  • Motoring
  • Money
Saturday, June 25, 2022
  • Login
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists
No Result
View All Result
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists
No Result
View All Result
TechMoran
No Result
View All Result
Home Startups

Kwara and  Lami Technologies partner to enable greater access to insurance products for SACCO members in Kenya

Digital banking fintech startup Kwara has partnered with Kenyan insurance technology company, Lami Technologies, to provide Savings and Credit Co-operative Society (SACCO) members in Kenya with affordable and transformational insurance products through its digital platform.

The partnership will allow SACCO members to conveniently access innovative insurance products ranging from health, general, life, business, and property coverage.

According to Cynthia Wandia, Co-founder and CEO, Kwara: “This partnership speaks to our wider strategic goal to help existing credit unions and savings cooperatives transform into modern digital financial institutions. We believe that providing access to insurance products through the Kwara app will fast-track members into a path of financial independence and strengthen their ability to withstand financial shocks.”

The collaboration aims to build the domestic insurance ecosystem and empower SACCO members to get insurance products seamlessly that meet their needs. The initiative is one of the first to broaden access to help close the insurance gap amongst SACCO members, allowing more Kenyans to build financial security.

Kenya’s insurance penetration rate is less than 3 percent, leaving many vulnerable to financial stress. Low adoption is attributed to several factors, including a lack of awareness of available insurance products and offerings that are inflexible and unaffordable to most citizens. To increase insurance uptake and allow more Kenyans to have access to coverage, the partnership aims to provide Kwara’s 60,000+ members an easy way to access products tailored to their specific needs. Kwara will offer these products to members through its neobank app, integrated with Lami’s insurance technology infrastructure. Together with Lami, they will work with underwriters to customize flexible and affordable insurance products based on the market’s requirements.

This partnership is designed to equip people with the right products paving their own path towards financial security.

Jihan Abass, Co-founder & CEO, Lami, said, “We are proud to partner with Kwara to introduce affordable insurance products to SACCO members, and empower Kenyans with a fast, simple, and quick coverage option that contributes to a more inclusive ecosystem. By harnessing the power of technology and collaborating with market leaders to roll out equitable solutions, we are fulfilling our mission to provide coverage to millions of underserved Kenyans. This collaboration is a significant milestone for both organizations, and will help shape a new digital age for the insurance ecosystem.”

Readers 1,069

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to editor@techmoran.com

Related Posts

Ghana’s  Fido raises $30MSeries A round  to roll out new products and expand across Africa
Startups

Ghana’s Fido raises $30MSeries A round to roll out new products and expand across Africa

by Milcah Lukhanyu
June 24, 2022
0

Fido,a Ghanaian based fintech has raised $30M a Series A round funding aimed at rolling out new products and expand...

Egypt’s MNT-Halan acquires B2B e-commerce platform Talabeyah for undisclosed amount
Startups

Egypt’s MNT-Halan acquires B2B e-commerce platform Talabeyah for undisclosed amount

by Milcah Lukhanyu
June 24, 2022
0

Egypt-based fintech MNT-Halan has acquired Talabeyah, a B2B e-commerce platform that offers FMCG supplies for undisclosed amount Talabeyah was founded...

Uganda’s XENO Investment raises $2 million seed funding to democratize access to investment management
Startups

Uganda’s XENO Investment raises $2 million seed funding to democratize access to investment management

by Milcah Lukhanyu
June 23, 2022
0

XENO Investment has raised a $2 million seed funding led by Beyond Capital Ventures to democratize access to professional investment management...

Nigeria’s GetEquity Expands To Kenya With Plans To Connect More African Startups

Nigeria’s GetEquity Expands To Kenya With Plans To Connect More African Startups

June 23, 2022
Egypt’s  Synapse Analytics raises $2 million pre-Series A round  to help businesses adopt AI and expand its operations

Egypt’s Synapse Analytics raises $2 million pre-Series A round to help businesses adopt AI and expand its operations

June 23, 2022
   Bill & Melinda Gates Foundation and global partners launch $7 million initiative to support healthtech startups in Africa

  Bill & Melinda Gates Foundation and global partners launch $7 million initiative to support healthtech startups in Africa

June 23, 2022
Please login to join discussion
  • Advertise
  • Jobs
  • Freelance Gigs
  • Motoring
  • Money

© 2022 TechMoran Ltd, All Rights Reserved.

No Result
View All Result
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists

© 2022 TechMoran Ltd, All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
%d bloggers like this: