NAIROBI, Kenya – In a landmark move that marks a significant milestone for Kenya’s aviation industry, Britam General Insurance has unveiled the country’s first-ever Pilot Loss of Licence Cover, a specialized insurance product designed to provide comprehensive financial protection to pilots and aviation trainees who face the career-threatening prospect of losing their medical clearance due […]

NAIROBI, Kenya – In a transformative move that signals AXA Global Healthcare’s long-term commitment to the African market, the global insurance leader has announced an exclusive distribution agreement with Executive Healthcare Solutions (EHS) for all international private medical insurance (IPMI) sold across Africa. The landmark partnership, which includes local underwriting by Old Mutual General Insurance […]

In a strategic move that significantly expands the business interests of the investors behind Kenya’s rapidly growing Quick Mart supermarket chain, Bima Holdings Ltd—an investment vehicle backed by Mauritius-based private equity firm Adenia Partners—has received regulatory approval from the Competition Authority of Kenya (CAK) to acquire full ownership of Minet (Mauritius) Holdings Ltd, a prominent […]

The Kenyan government has announced plans to significantly increase the mandatory proportion of insurance business that private insurers must cede to the state-controlled Kenya Reinsurance Corporation (Kenya Re), raising the requirement from the current 20% to 25% under new draft regulations set to take effect on January 1, 2026. This policy shift, unveiled through the […]

For years, insurance penetration in Kenya has languished at persistently low levels, hovering between 2.3% and 2.6% as of mid-2023—a figure that remains significantly below the global average of approximately 7% and reflects the broader challenges facing insurance markets throughout developing economies. This substantial gap between Kenya’s insurance uptake and international benchmarks highlights profound structural […]

Kenya’s Insurance Regulatory Authority (IRA) has officially approved the transfer of Sanlam General Insurance Limited’s general insurance portfolio valued at KSh 820.6 million to Jubilee Allianz General Insurance (K) Limited. The transaction marks a pivotal step in the completion of the SanlamAllianz Africa integration, uniting the general insurance operations of Sanlam and Allianz under a […]

The announcement that Wafa Assurance, one of Morocco’s largest insurers, is seeking to acquire Delta Insurance of Egypt in a deal worth approximately US$317 million has sent ripples across Africa’s insurance landscape. While the transaction is centered in North Africa, the COMESA Competition Commission has stepped in to review its impact across member states, sparking […]

Mastercard has struck a partnership with Hillcroft (mTek) to integrate embedded insurance solutions into its consumer and SME card products in East Africa. According to a press release from Mastercard, the collaboration will embed insurance cover into everyday payment flows, enabling seamless access to protection. Under this model, users making transactions will be offered tailored […]

Kenya’s financial regulators are pushing forward a landmark reform designed to reinforce trust in the banking and insurance sectors by doubling the maximum compensation payable to customers when institutions fail. The proposal, which forms part of the Kenya National Financial Inclusion Strategy 2025–2028, seeks to increase the Policyholders’ Compensation Fund (PCF) ceiling from KSh 250,000 […]

The Kenya Deposit Insurance Corporation (KDIC) has published an updated list of institutions whose deposits are officially protected through 30 June 2026, reinforcing public confidence in Kenya’s banking sector. Under the Kenya Deposit Insurance Act, 2012, depositors are guaranteed coverage up to KSh 500,000 per depositor per institution in the event of a bank failure. […]