The Kenya Revenue Authority has announced that it is set to collect around KES35m ($327,000) in taxes from BTB Insurance Brokers following a decision in its favour by the High Court.
4G Capital Group, which promotes technology-driven financial inclusion, has partnered with InsurTech and microinsurance startup Turaco to introduce micro health insurance solutions to clients across Kenya.
Kenya Re's has posted poor technical performance in recent years, demonstrated by non-life underwriting results that are materially weaker than its historical average and regional peers in 2018 and 2019, notes AM Best.
Kenya Reinsurance Corporation has posted a 35% rise in pre-tax profit to KES4.18bn ($39m) for 2019 from KES3.10bn in 2018 despite a turbulent and difficult business environment last year.
Nairobi headquartered Equity Group Holdings (EGH) has decided to venture directly into insurance after a decade of learning the ropes as a bancassurance agent.
Kenya based GA Insurance has launched its newly acquired local unit following its 100% takeover of Nova Insurance which has been renamed GA Insurance Uganda.
Kenya Re wants to establish a Shariah-compliant subsidiary in Egypt.
More than a third of insurance brokerage firms in the country have been denied an operating licence for failing to remit outstanding premiums owed to underwriters among other reasons.
Kenya plans to resume insurance with the Africa Risk Capacity (ARC) against droughts and floods amid changing weather patterns that are increasingly threatening the country's food security.
Grin Insurance, Kenya's first digital-only car insurance company, has released its flagship mobile application, reported Reuters.