Insurtech startup Lami Raises $3.7m Seed Extension
Nairobi headquartered insurance technology startup Lami Technologies has secured a US$ 3.7 Million seed extension to expand across Africa. The company said the funding was led by early-stage venture firm Harlem [...]
Association for Kenya Women in Insurance launched
The Kenya Women in Insurance Association has been launched with the aim of creating a platform to promote the representation of women in the insurance industry through education, mentorship, and [...]
Jennifer Karina Retires As Chairperson of Kenya Reinsurance Board
Jennifer Karina, who was appointed as Kenya Reinsurance Corporation Limited Board of Directors Chairperson in July 2021, has retired after serving in that position for one year. She made this [...]
Jubilee Allianz General Insurance, Allianz Kenya Merger Get Regulatory Nod
Jubilee Allianz General Insurance and Allianz Kenya have received a nod from Insurance Regulatory Authority(IRA) to merge their general insurance businesses. The newly formed underwriter is expected to have an [...]Tanzania Uganda Insurers Sign Deal for 5% Premiums for EACOP
Insurers from Tanzania and Uganda have teamed up to form a consortium that will ensure that 5% of premiums are retained locally under local content in the East Africa Crude [...]Kenya's mTek Secures an Additional $3 Million Funding
Kenyan insurtech startup mTekhas secured an additional $3 million investment through both debt and equity fromAfrican-focused fintech platform, Finclusion Group. The investment seeks to accelerate mTek’s growth into the Kenyan [...]Equity Group's Insurance Business Gets Boost from KSh400 Million Investment
Equity Group has invested KSh400 million in establishing a subsidiary that will run its insurance business as the listed firm seeks to diversify from the mainstay banking operation. According to [...]Madison Announces Plans to Quit the Annuity Business
Madison Life Assurance Kenya Limited has announced plans to sell properties valued at KSh8 billion and quit the annuity business, seeking to restructure its balance sheet and boost capital. The [...]Britam to replace Two Directors Next Month
Britam Holdings Plc, a listed diversified financial services group, is set to replace two directors when its shareholders meet on 8th June 2022. Mohammed S. Karama and Ms Marianne Loner, [...]Xplico Insurance Company faces Liquidation Petition
Xplico Insurance Company Limited is faced with a liquidation petition filed by a creditor, Doris Mwaka Mwakwekwe, on March 17th 2022. This liquidation petition will be heard before the High [...]Resolution Policyholders to File Claims with PHCF
Resolution Insurance Policy holders begin submitting their claims to the Policy Holders Compensation Fund(PHCF) on Monday, 25th April 2022. The Fund is expected to verify and approve payments within a [...]CIC Insurance Group To Hold 43rd AGM Next Month
CIC Insurance Group Plc has issued a notice to shareholders of an upcoming Annual General Meeting(AGM) to be held electronically. The AGM will be held on Friday 13th May 2022 [...]
