#insurance

The Nigerian Council of Registered Insurance Brokers (NCRIB) has increased efforts to promote insurance adoption in Nigeria by conducting awareness campaigns at the grassroots level. They emphasize that broader public education is essential for unlocking the country's insurance market and enhancing financial protection for many Nigerians. This renewed commitment was a central topic of recent discussions.

Kenya's smartphone financing market is transforming the delivery of insurance products to consumers, particularly benefiting low and middle-income households that have traditionally faced barriers due to high premiums and limited awareness. Digital phone financing providers are now incorporating life and medical insurance into device repayment plans, thereby expanding access to these essential services, according to Sharp Daily.

Surveillance investigations play a significant role in personal injury cases in Boynton Beach, as they can influence the outcomes of claims. While many individuals anticipate that insurance companies will primarily assess forms, bills, statements, and photographs following an accident, the impact of surveillance is often less recognized. This aspect of investigations can affect the credibility and validity of personal injury claims, according to PC Tech Magazine.

Months after the outbreak of war, approximately 8,000 merchant sailors remain stranded in the Strait of Hormuz due to heightened security concerns, increased insurance costs, and geopolitical tensions that hinder the resumption of normal shipping operations, according to Moneyweb.

The National Insurance Commission (NAICOM) has urged the Nigerian Insurers Association (NIA) to take the lead in rebuilding public trust in the insurance sector as it undergoes significant transformation. This statement was made by the Commissioner for Insurance at NAICOM, Mr. Olusegun Ayo Omosehin, during a celebration for Mrs. Ebelechukwu B. Nwachukwu, who is recognized as the 27th and first female in her position.

The Tanzania Insurance Regulatory Authority (TIRA) officially launched the Insurance Village during the 50th anniversary of the International Trade Fair in Dar es Salaam, known as Saba Saba. The event was led by Insurance Commissioner Dr. Baghayo Saqware and attended by insurance company leaders, brokers, service providers, and various stakeholders in the insurance sector. The Insurance Village serves as an annual platform organized by TIRA to provide the public with insurance education, professional advice, and various services.

Jubilee Health Insurance is launching the Lipa Pole Pole insurance model across the country, initially starting in Nairobi. This instalment-based premium payment model aims to enhance accessibility to health insurance for more individuals, as part of a broader initiative by the company.

AXA Mansard Insurance Plc announced the resignation of its non-executive director, Ms. Melina Cotlar. The company expressed gratitude for her positive contributions and service during her time on the Board, highlighting her role in the company's growth.

Jubilee Group is collaborating with BimaLab, an insurtech accelerator from FSD Africa, to create and test new insurance products specifically designed for low-income consumers and small and medium-sized enterprises (SMEs). This initiative aims to address one of the largest untapped segments in East Africa's financial sector, highlighting a trend of cooperation between established insurance companies and startup ecosystems.

Adenia has acquired a majority stake in Minet Group from Capitalworks, enhancing its investment in financial services linked to Africa's growth. The deal was finalized on June 30 after obtaining regulatory approvals, as stated by the companies involved. Financial details of the transaction were not disclosed. Minet is recognized as one of Africa's largest independent insurance firms.

According to Josephine N. Kasekende, insurance is often misunderstood in Uganda, with many individuals having misconceptions about its purpose and benefits. The article aims to clarify these misunderstandings and provide a beginner's guide to understanding insurance and its importance in protecting valuable assets.

The South African Motor Body Repairers’ Association (SAMBRA) has called on insurers to implement consistent relief measures related to fuel costs, citing that the ongoing volatility in fuel prices is creating significant financial strain on motor body repairers.

Equity has approved the establishment of new insurance units as part of its expansion plans in Kenya and the Democratic Republic of Congo (DRC). In Kenya, the company will create a microinsurance firm with a capital base of Sh192 million. In the DRC, Equity plans to launch a life insurance company with an initial capital of $12 million and a general insurance company with a capital of $13.37 million.

A report from Soko Directory highlights that Kenyan families often prioritize immediate medical treatment over purchasing health insurance, leading to significant expenditures on healthcare. The article suggests that in medical emergencies, the first response is typically a phone call rather than considering financial investments. This behavior reflects a broader hesitation among Kenyans to invest in insurance despite the high costs associated with medical treatment.

The article discusses the impact of a single hospital bill on financial stability, highlighting the case of Mary and her husband Daniel. It illustrates how unexpected medical expenses can undermine years of financial progress, particularly in the context of Jubilee Health Insurance. The narrative emphasizes the broader implications of healthcare costs on individuals and families.

Equity Group shareholders have approved a KSh 21.7 billion dividend payout, representing a 35.5% increase from 2024. Additionally, the shareholders authorized the establishment of three new insurance subsidiaries in Kenya and the Democratic Republic of Congo.

Kenya's insurance industry is increasingly turning to artificial intelligence to enhance efficiency, minimize losses, and broaden coverage in a market with low uptake. This trend was highlighted at the InsurTech Forum Nairobi 2026, where industry executives and technology leaders discussed the future of transformation in the sector.

EdenCare, a digital health insurer based in Rwanda, has secured €250,000 from Proparco, a French development finance institution. This funding is intended to enhance access to affordable, technology-driven healthcare coverage in East Africa, particularly in Rwanda and Kenya, where there are significant gaps in insurance coverage. The investment will facilitate EdenCare's expansion into these markets.

The Social Health Authority (SHA) has suspended MP Shah Hospital from the government's health insurance scheme for 90 days following numerous complaints from patients who reported being charged for services that should be fully covered by the health insurance fund. In a letter dated June 23, 2026, SHA's CEO Dr. Mercy Mwangangi noted the authority received many complaints regarding the quality of healthcare services provided at the hospital.