CIC Insurance Posts KSh260 Million Six-Months Profit
CIC Insurance has reported a KSh260 million net profit for the half-year period that ended on 30th June 2021, a big improvement from a net loss of KSh335.5 million reported [...]
Kenya Re's Half-Year Profit Drops by 66% to KSh533.7 Million
Reinsurance company Kenya Re posted a 66% decline in half-year profit for the period that ended on 30th June 2021 despite a 6% growth in gross written premiums. The company's [...]NHIF Faces Cash Crunch as 5.7 Million Kenyans Default
National Hospital Insurance Fund(NHIF) has said that 5.7 Million Kenyans, or 54% of its 10.6 million members, have stopped making their monthly contributions, dealing the insurer a deadly financial blow. [...]
Accelerator Program worth KSh 5.3 Million launched for Kenya's Insurance Sector
An Accelerator Programme worth KSh 5.3 Million has been launched that aims to harness technology innovations to increase insurance coverage among low-income consumers. Applications are to be submitted before 31st [...]Directline Assurance gets Nod to Underwrite Non-Motor Business
Directline Assurance Limited has received approvals from the Insurance Regulatory Authority(IRA) to underwrite non-motor businesses. According to the underwriter's Chief Executive Officer Evans Nyagah, the move has been prompted by [...]Linkham Group Completes Acquisition of Stake in Resolution Insurance Kenya
Linkham Group, a Mauritius headquartered global insurance services firm, has confirmed the completion of its acquisition of a majority stake in Resolution Insurance Kenya. The deal will see Linkham Group [...]CIC Insurance Group Names Dr Nelson Kuria as Chairman of its Board
CIC Insurance Group has picked Dr Nelson Kuria as the new Chairman of its board of directors with effect from 29th June 2021. Dr Kuria takes over from Japheth Magomere [...]South African Firm Seeks to Acquire 84.2 Million Shares in Liberty Kenya
Liberty Holdings, a leading South African financial services company and a major shareholder in Liberty Kenya Holdings seeks to purchase an additional 84.2 million shares in Liberty Kenya Holdings through [...]Adja Samb Appointed CEO Jubilee Allianz General Insurance Limited, Kenya
Jubilee Allianz General Insurance Limited, Kenya, has appointed Adja Samb as the new Chief Executive Officer, effective July 1st, 2021. She will succeed Catherine Igathe, the current CEO of Jubilee [...]NHIF Contributors to get 15% Tax Relief- Proposes Finance Bill 2021
National Hospital Insurance Fund(NHIF) contributors will get tax relief beginning January 2022 if the Finance Bill 2021 proposals are passed into law. Kenya's Finance Bill 2021 was published on 5th [...]Kenyan Insurtech startup Lami Technologies closes $1.8 million seed funding
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, announced today it has raised $1.8 million in seed funding. The [...]
Hellena Mzena appointed Jubilee Life Insurance (Tanzania) CEO
The Board of Jubilee Life Insurance Corporation of Tanzania Limited has announced the appointment of Ms Helena Christopher Mzena as the firm's Chief Executive Officer. Ms Mzena has been the [...]
