Browsing: APA insurance

• Technology will be a key driver of micro-insurance in Africa as insurers close the protection gap in driving the inclusive insurance agenda.
• IRA Commissioner of Insurance Godfrey Kiptum urged insurers to adopt innovative business models that will curb the damages that hinder access to insurance.
• Insurance companies that fail to adapt will weaken under the pressure exerted by those that use digital technology to slash costs and get better returns on their investments. And they will be left floundering once digital’s relentless force ultimately breaches both the industry’s business model and boundaries. 

Technology will be a key driver of micro insurance in Africa as underwriters close the protection gap in driving the inclusive insurance agenda.

Speaking at the ongoing Eastern and Southern Africa Regional Conference on Inclusive Insurance, the IRA Commissioner of Insurance Godfrey Kiptum urged insurers to adopt innovative business models that will curb the damages that hinder access …

NAIROBI, Kenya May 19 – APA Insurance, has launched an App for both its customers and agents in a bid to offer flexibility.

The APP dubbed ‘APA Insurance Happiness app’ will enable customers make fast and safe motor insurance purchases, renewals and report claims easily on their mobile devices anywhere and anytime. 

The new free app  will also provide up to date records of customers and also give location of their country wide partner garages in case of an accident.

The agent’s app will enable them to access a premium calculator, agent account management, pre-insurance inspection and renewal on the go, making them more effective and efficient when interacting with clients and potential clients. 

“The Covid-19 pandemic and subsequent need to enforce social distancing has changed the way that we live, work and travel currently and has triggered a real drive across Kenya to shift from traditional channels to digital …

APA Insurance, Kenya has won $110,000 in the 10th European Microfinance Award in recognition for its response to “Strengthening Resilience to Climate Change”.

Speaking at a ceremony held at the European Investment Bank in Luxembourg, Apollo Group CEO Ashok Shah, of Kenya said that it is the poor in developing countries who feel the most impact of these climatic changes.

“Since 2006, Luxembourg Directorate for Development Cooperation and Humanitarian Affairs, the European Microfinance Platform and the Inclusive Finance Network Luxembourg have been awarding a EUR 100,000 (USD 110,000) prize to the winner and, starting two years ago, EUR 10,000 (USD 1,100) to the two finalists,” said APA Insurance in a statement.

This year’s winner, APA Insurance Ltd, is a Kenyan insurance company that provides index-based agriculture insurance to cover yields and livestock, thus providing farmers with a safety net. Index-based insurance is an innovative approach to insurance whereby payments are …

Little Ride Kenya has launched the first Health Insurance covers for its drivers in the Kenyan market in partnership with APA Insurance and MicroEnsure, a leading provider of micro insurance in emerging markets.

The cover will cater for costs such as payment of their medical bills, transport to hospital, compensation for lost income, in addition to cover for funeral expenses.

Little Ride drivers who are unable to work due to being hospitalised claim a daily benefit of up to Sh2,000(US$19.41).

In addition, the product also covers up to Sh50,000(US$485.20 ) personal accident benefit and funeral expenses up to Sh50,000 upon death of the insured.

Speaking during the official launch of the automated insurance solution, APA Chief Executive Officer, Catherine Karimi said:“Through our partnership with MicroEnsure and Little Cab, APA Insurance is bringing affordable healthcare and funeral cover to Little Cab drivers.  By offering access to these services, we improve the …