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Insurance

SA’s insurance group Hollard International expands to East Africa with the acquisition of Kenya’s APA Insurance

South Africa's insurance group Hollard International has expanded to East Africa through the acquisition of a significant investment in Apollo Investments Limited, the holding company of Kenya-headquartered insurer APA Insurance. This strategic investment, gives Hollard International a presence in...

Startups

Nigeria’s Treepz, Octamile Partner to Launch Treepz Care, An Insurance Program for Travelers & Hosts

Treepz, a car-sharing marketplace has partnered with Octamile, an insurtech startup, to introduce Treepz Care to offer comprehensive coverage and peace of mind to Treepz's vibrant community of guests and hosts. Treepz, with a goal to build Africa's largest marketplace...

Tech

Safaricom, Digifarm to give 1,000 smallholder farmers in Embu access to digital credit for inputs and insurance

At least1,000 smallholder maize farmers in Embu County are set to benefit from access to digital credit for inputs and insurance to boost agricultural production through a financing agreement between Family Bank and DigiFarm. The deal will see farmers based...

Startups

ETAP partners with AIICO Insurance to boost access for car insurance in Nigeria

Nigerian insurtech startup ETAP has partnered with AIICO Insurance to increase access for car insurance in Nigeria. As part of the deal, AIICO will combine its car insurance product with ETAP’s tech-enabled distribution and customer acquisition...

Startups

Renew Capital Angels Invest in Jamii.one, a Micro Insurance Platform

Driving towards financial inclusion for communities across Ethiopia, Renew Capital Angels has partnered with Jamii.one, a trailblazer micro-insurance platform for the African landscape. The company has begun services in Ethiopia, where there are few insurance options for rural communities and...

Banking

Equity Life Assurance Recognized As The Best Insurance in Sustainable CSR

Equity Life Assurance (Kenya) Ltd (ELAK) has been recognized as the Best Insurance in sustainable CSR during the 2023 edition of Think Business Insurance Awards held in Nairobi. The awards brought together key players in Kenya's insurance sector tocelebrate...

Tech

Turaco granted Underwriting License to expand access to affordable insurance for underserved in Uganda

Africa's Insurance technology Turaco, has secured an underwriting license in Uganda to expand access to affordable and simple insurance for the mass market in Africa. Despite insuring over 1 million lives already, 17.4 million Ugandan adults remain uninsured. The company has...

Tech

Britam, Airtel Money and Inclusivity Solutions partner to offer an affordable insurance cover

Airtel Money Kenya, Britam and Inclusivity solutions have launched affordable insurance solutions tailored to cater to the diverse needs of individuals and families in a move expected to extend insurance benefits to millions of Kenyans who have been excluded...

Insurance

Afreximbank launches Insurance subsidiary to support intra-African trade

The African Export-Import Bank (Afreximbank) has launched its wholly owned insurance management services subsidiary, AFREXInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade...

Health

Esaal and Allianz Insurance Partner to revolutionise online health and wellness solutions in Egypt

Esaal, a technology platforms for online health and wellness consultations in the MENA region, has today announced a partnership with multinational insurance services company, Allianz Insurance to revolutionise online health and wellness solutions in Egypt. As part of the...

Banking

KCB, NBK & Britam Target SMEs in Health Insurance Distribution Deal

KCB and National Bank of Kenya (NBK) have partnered with Britam General Insurance to distribute affordable health insurance products targeted at Small and Medium Enterprises (SMEs) across the country. As part of the deal, KCB Bancassurance Intermediary Limited and National Bank of Kenya Bancassurance Intermediary Limited will jointly distribute the newly launched KCB Flme Simba...

Startups

Nigerian peer-to-peer finance platform P2Vest launches a first of its kind technology-driven insurance product

P2vest Technology Limited has announced the launch of its new product, P2Vest InsuranceParasol which will provide lasting solutions to both individuals and businesses enabling them to easily buy and make claims on insurance products ranging from motor and property...

Startups

Gricd rebrands as Figorr, announces $1.5 million funding to support data-driven insurance for perishable goods in Africa

Gricd, a technology company that develops Internet of Things-powered solutions to support the last-mile delivery of perishable goods, has secured $1.5 million in a seed funding round led by Atlantica Ventures, with participation from Vested World, Jaza Rift and...

Startups

ETAP launches Takaful car insurance product to redistribute funds to users

ETAP, a Nigerian insurance technology upstart operating in the automotive industry, has launched ETAP Takaful, a new car insurance product based on Islamic principles and designed to give back to policyholders and their communities. ETAP Takaful is designed to redistribute...

Insurance

French-Based OLEA Insurance Solutions Appoints Anthony Wachira to lead the Kenyan Subsidiary

Paris-based firm OLEA Insurance Solutions has announced the appointment of a new CEO Mr. Anthony Wachira who replaces the outgoing CEO, Herbert Ocholi, the founder of OLEA Kenya Insurance Solutions, effective 1st April 2023. Wachira has a solid and proven...

Startups

Turaco & Airtel Money launch Hospital Sente to provide 8 million Ugandans with health insurance

Airtel Mobile Commerce Uganda Limited has partnered with Prudential Assurance Uganda and insurtech Turaco to provide ‘Hospital Sente’, a low-cost hospital cash insurance product with Funeral Benefits, aimed at increasing access to insurance for underserved communities, and low-income individuals...

Tech

Lami Technologies, Unchorlight Kenya to give Boda Boda riders access to reliable insurance covers

Lami Technologies is partnering with Unchorlight Kenya (UNK), to bring financial security for boda boda riders by providing them with access to suitable and reliable insurance covers. UNK is a mobility fintech company that delivers a rent-to-own model finance service...

Startups

Kenya’s insurtech mTek partners with Kyosk.app and Fin Africa to provide insurance to over 100,000 dukas

mTeK , a Kenyan digital online insurance platform has partnered with digital informal retail aggregator Kyosk.app and Fin, a focused fintech platform to provide insurance covers to over 100,000 Kenyan dukas. Despite employing over 80 percent of the Kenyan workforce,...

Startups

Swiss Re Foundation unveils $ 500 000 grant for Africa’s Insurance sector

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...

Startups

Swiss Re Foundation announces $ 500 000 grant for Africa’s Insurance sector

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...

Startups

AAR Insurance Feted as the Best Digital Insurance Company in Kenya

AAR Insurance a Kenyan based insurance policy that provides coverage against all types of loss , has been recognized as an insurance trendsetter and a top innovator in Kenya for its Mobile application that has digitized access to its products...

Startups

Kenyan Insurtech Zamara Launches New Online Aggregator Portal to Increase Insurance Uptake

Zamara Group a Kenyan based insurance broker, has announced plans to invest KSh 100 million to upgrade its digital capabilities and customer service. The company said the program includes upgrades in its operations and technology, including launching a new online aggregator platform...

Startups

Lipa Later Group partners with Lami Technologies to offer credit insurance

Lipa Later Group, a buy now, pay later (BNPL) company has announced a partnership with Lami Technologies, an insurance technology company, that will offer its consumers access to reliable and affordable insurance against all products purchased using the Lipa...

Startups

Kenyan Insurtech Turaco Secures $10m Series A Backing to help drive insurance adoption

Turaco, the Kenyan Insurtech startup driving mass market insurance adoption, has announced the close of a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest Innovation Fund, and existing investor, Novastar Ventures. The round also...

Business

CFAO Motors partners with ETAP to enable seamless insurance for Nigerian drivers

CFAO Motors, the sole distributor of Suzuki cars in Nigeria, has partnered with ETAP, an InsurTech company that creates solutions and incentives to improve the automotive experience across Africa, to enable seamless access to insurance with every new car purchased from the...

Insurance

How to Claim NCB On New Car Insurance Policy Premium

A car insurance policy protects you financially in case of any damages or losses that you may incur in the event of an unfortunate event like road accidents, etc. However, as the owner and driver of the vehicle, it...

Tech

Vodacom awards insurance cover to people with special needs and their defendants at the CRDB Bank Marathon

Vodacom Tanzania, the technology service company has awarded three winners with special needs an insurance cover known as Faraja Yangu under VodaBima product that will cover them together with their three dependants for one year, in the CRDB...

Startups

Nigerian insurtech, Evolutics, raises $250,000 to build digital insurance infrastructure in Africa

EVOLUTICS,a Nigerian InsurTech start-up that offers software solutions to Insurance Providers, from Life to General to Health insurance, has secured an additional $250k pre-seed funding led by Mercurial Advisory and Dinku Transnational of Dubai. The funding will be utilised to...

Health

Jubilee Insurance Launches Solution Afya medical scheme targeting Sacco members

Jubilee Insurance Group has launched a mobile-based microinsurance health cover dubbed “Solution Afya medical scheme” targeting at least 25,000 cooperative members. The cover which has been launched in collaboration with M-TIBA and Solution Sacco will allow sacco members and community-based organizations...

Startups

Kenya’s Insurtech mTek secures $3 million investment for digital insurance penetration

Kenyan insurtech and digital insurance platform mTek has secured an additional investment commitment from African-focused fintech platform, Finclusion Group, to-date totaling $3 million (KSh 340 million) - through both debt and equity. The intensified cooperation seeks to accelerate mTek’s growth...

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