Latest stories tagged “insurance”
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.