Allianz Acquires Stake in Jubilee Holdings Subsidiary in Uganda
Allianz, a German-based underwriter, has completed the acquisition of a majority stake in Jubilee Insurance Company of Uganda Limited. Allianz, one of the world's leading insurers and asset managers, became [...]
Sendy Lami Technologies Partner to Launch Per-Trip Insurance Policies
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has partnered with Sendy Limited, a tech-logistics company, to enable transporters [...]
Britam Half-Year Net Earning Rise to KSh 376.3 Million
Britam Holdings Plc recorded a net profit of KSh 376.3 Million at the close of the six months ended 30th June 2021 compared to a loss of KSh 1.6 Billion [...]Liberty Kenya posts a decline in Half-Year Net Earnings to KSh 265.1 Million
Liberty Kenya Holdings Plc posted a decline in net earnings for the first six months of 2021 to KSh 265.1 Million in H1, 2021 from KSh 383.8 Million in H1, [...]Jubilee Insurance Half-Year Net Earnings up 150% to hit KSh 4.5 Billion
Jubilee Insurance has recorded a 150% rise in Half-Year Net Earnings to KSh 4.5 Billion compared to KSh 1.8 Billion over a similar period last year. With a presence in [...]Sanlam Kenya Restructures US$27 Million Foreign-Currency Loan
Sanlam Kenya Plc, a listed non-bank financial services firm, has announced that it has restructured its foreign currency-denominated loan into a local currency facility The disclosure made alongside its half-year [...]Insurance Claim Settlement Improves in Q1 2021
The claims payment ratio in the insurance sector in Kenya improved in the first quarter of 2021 according to a report released by the Insurance Regulatory Authority (IRA). Claims payment [...]
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 [...]
