News
AI saves Old Mutual Insurance Sh400m in fraud and costs
10+ hour, 3+ min ago (474+ words) Old Mutual General Insurance says its investment in artificial intelligence (AI) helped save about Sh400 million last year by streamlining routine tasks and flagging fictitious claims, pointing to the increasing adoption of automation in the industry. The insurer explained that using…...
CIC stake in Takaful Insurance falls to 7pc after Djibouti firm deal
2+ week, 2+ day ago (462+ words) CIC Insurance's stake in Takaful Insurance of Africa has dropped to 7. 4 percent. This is after a Djibouti-based firm, Tamini Insurance SA, acquired a 65 percent holding in Takaful Insurance, diluting the holding of the Nairobi Securities Exchange-listed insurer. Tamini acquired the…...
Why court okayed liquidation of collapsed Xplico Insurance
1+ mon, 5+ day ago (612+ words) Commissioner of Insurance and Insurance Regulatory Authority (IRA) Chief Executive Officer, Mr Godfrey Kiptum speaking during the 19th Annual Regional Conference of the Association of Insurance Brokers of Kenya (AIBK) held at Sarova Whitesands Beach Resort, Mombasa on November 6, 2025. The High…...
Trident client sues IRA over cancellation of policies at three insurers
1+ mon, 2+ week ago (552+ words) The Milimani Law Courts. A city lawyer has sued the Insurance Regulatory Authority (IRA) for placing three insurance firms under statutory management and invalidating their policies before expiry. Christopher Njoroge Kimiti says in a petition filed at the High Court…...
Equity enters pharmacy business to rein in medical insurance costs
1+ mon, 2+ week ago (531+ words) Equity Afia's entry into pharmacy signals a push to cut drug costs and lower insurance premiums through vertical integration. Equity Group-backed medical franchise has ventured into pharmaceuticals as it seeks to lower the cost of drugs and pass the savings…...
Small cost, big protection: Why travel insurance matters more than ever
1+ mon, 3+ week ago (681+ words) Time flies with great content! Renew in to keep enjoying all our premium content. The escalating political tensions and sudden closures to air travel across parts of the Middle East have shown how travellers can be affected when global travel…...
Business Daily
2+ mon, 3+ week ago (370+ words) Stima Sacco turns insurance unit into broker for members'Business Daily PRIME Kenya offers KQ to foreign investors for Sh258bn PRIME Kenya's corruption crisis entrenched, new survey shows PRIME Treasury uncertain about return to Eurobond market PRIME Why only few rich Kenyans…...