Kenya Insurance Industry News Monitoring Service

Treasury seeks views on insurance sector

Monday, October 21, 2019 12:31 By GEOFFREY IRUNGU National Treasury Building. FILE PHOTO | NMG  The Treasury has commenced a process of developing a national insurance policy to strengthen related laws, regulations and policies in a bid to improve access …

Insurers push for law change, instalment payments to grow uptake

Monday, October 21, 2019 11:37 By PATRICK ALUSHULA   Association of Kenya Insurers (AKI) is pushing its members to offer covers on credit terms based on customers’ debt repayment profile. This arrangement requires changing the law the stipulates upfront …

Bad dam deals to cost Kenyan taxpayers Sh38.4 billion

Monday, October 21, 2019 10:52 By EDWIN MUTAI The site of Itare Dam. FILE PHOTO | NMG  Taxpayers risk losing a staggering Sh38.4 billion in advance payments made to foreign contractors for five dam projects whose completion now looks uncertain. The …

Kenya welcomes speculators to boost activity on dormant mart

By JAMES ANYANZWA More by this Author Kenya has opened up its stockmarket to increased speculation by creating a window that will see sophisticated and highly informed investors make quick gains from falling stock prices that has characterised trading on …

Taxes on used cars to fall after KRA duty ruled illegal

Tuesday, October 22, 2019 9:39 By VICTOR JUMABy PHILIP MUYANGA Taxes paid on used motor vehicles look set to drop significantly. FILE PHOTO | NMG  Taxes paid on used motor vehicles look set to drop significantly in the coming months after the High Court in …

Is Kenya ready for edge computing?

French firm Schneider Electric hosted a press conference on Edge Computing last month. [Hillary Orinde, Standard] Kenya ushered a new internet era when it got her undersea cables in 2009. It opened a new frontier of faster and cheaper internet connections. …

Handshake facilitated Mama Ngina waterfront renovation

Mama Ngina drive is to coasterians what Uhuru Park is to Nairobians. Every visitor from upcountry(bara) is taken there to enjoy madafu, fried cassava, viazi and all the mapocho pocho(coast dishes) especially over the weekend. Back in the days, it was a …

Light manufacturing can spur Kenya's industrial revolution

Despite an enviable head start in agribusiness and manufacturing sectors among fast emerging post-independence economies, Kenya is shamefully stuck in agrarian-like era as a producer of raw materials. Kenya is the leading exporter of agricultural produce …

Britam General Insurance chief executive quits

Thursday, October 17, 2019 12:36 By PATRICK ALUSHULA Outgoing Britam General Insurance Company Chief Executive Officer Margaret Kathanga. FILE PHOTO | NMG  Britam General Insurance chief executive and principal officer Margaret Kathanga has quit, bringing …

New Britam insurance to cover the elderly

Continental Re to offer agricultural insurance cover

Is current motor insurance certificate legal?

Wednesday, October 16, 2019 17:13 By WASHINGTON NDEGEA | Public service vehicles in Nairobi. FILE PHOTO | NMG  While all the current talk in the insurance industry is all about insurance penetration and how it is not happening in Kenya, an illegality …

UK couple 'ordered murder of adopted son to claim £150,000 in life insurance'

Caption: Arti Dhir, 55, and Kaval Raijada, Gopal Sejani (Picture: Gujarat Police)An airport worker and her husband are facing allegations they hired hitmen to murder their adopted son for a £150,000 insurance pay-out. Arti Dhir, 55, and Kaval Raijada, 30, …

Treasury on the spot over Sh1bn insurance claims

By DAVID MWERE More by this Author The National Treasury is on the spot after it emerged that it is withholding more than Sh1 billion in insurance claims to civil servants who have died or got injured in the line of duty. This comes as Parliament launched …

IMF lowers Kenya’s economic forecast

The International Monetary Fund (IMF) has revised downwards the projection of Kenya’s economic growth this year to 5.6 per cent, reflecting a tough environment for most sectors. In its World Economic Outlook in April, the Washington-based institution had …

NHIF system error put lives of Kenyans at risk

By SAMWEL OWINO More by this Author Thousands of Kenyans cannot access health services using their National Hospital Insurance Fund (NHIF) card as their details are not reflected in the system despite paying Sh35 million in the year to June 2018. NHIF …

Deposit insurer’s pains, gains

The story of the banking industry in Nigeria cannot be told without dedicating a strategic chapter to the role of the Nigeria Deposit Insurance Corporation (NDIC), whose regulatory sagacity has ensured the growth and sustainability of the nation’s …

Life business hands East Africa insurers lifeline

By JAMES ANYANZWAEast Africa’s life insurance business is experiencing an upward growth trend fuelled by the increasing demand for life products among the fastest growing middle class as general insurance business’ largest classes—Motor and Health—reels …

Two Kenyans tell of their agony after losing Sportpesa jobs

Joseph Njoroge was a digital social media strategist at Sportpesa. As Kenyans wallow in the pain of losing a job, The Standard caught up with two individuals who have found themselves jobless in recent months. Joseph Njoroge worked as a digital operator at …

IRI To Congress: Celebrate National Retirement Security Week By Passing Secure Act

Congress can celebrate National Retirement Security Week by passing the Setting Every Community Up for Retirement Enhancement (SECURE) Act. WASHINGTON, D.C., UNITED STATES, October 22, 2019 /⁨EINPresswire.com⁩/ -- WASHINGTON, D.C. – Congress can …

Financial Analytics Market 2019 Global Analysis, Opportunities and Forecast to 2025

Wiseguyreports.Com Publish New Report On -“Financial Analytics 2019 Market; By Key Players, Applications, Growth Trends, Share & Segment Forecast to 2025” PUNE, INDIA, October 22, 2019 /⁨EINPresswire.com⁩/ -- Financial Analytics Market …

InsuraGuest Signs Contract with Red Lion Inn & Suites

SALT LAKE CITY, Oct. 22, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- InsuraGuest, Inc.®  today announces it has signed a contract with Cal-Vegas, Ltd.® for their Red Lion Inn & Suites® property located in Columbia, South Carolina. The contract provides …

Cyber Security Insurances Market 2019 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2025

New Market Study Report "Cyber Security Insurances Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2026" Added. PUNE, MAHARASHTRA, INDIA, October 21, 2019 /⁨EINPresswire.com⁩/ -- Cyber Security …

Digital Money Transfer & Remittance to Profit from Increasing User Participation

Global Digital Money Transfer & Remittances Market By Manufacturers, Regions, Type And Application, Forecast To 2025 PUNE, MAHARASHTRA, INDIA, October 21, 2019 /⁨EINPresswire.com⁩/ -- Digital Money Transfer & Remittances Industry …

Global Cell-Free DNA (cf-DNA) Testing Market Size, Growth, Analysis 2019-2025

Wiseguyreports.Com Adds “Cell-Free DNA (cf-DNA) Testing 2019-2025 Global Market Survey Industry Key Players" To Its Research Database PUNE, MAHARASTRA, INDIA, October 21, 2019 /⁨EINPresswire.com⁩/ -- Cell-Free DNA (cf-DNA) Testing Market 2019 …

GWG Holdings, Inc. Announces Changes in its Board of Directors

MINNEAPOLIS, Oct. 21, 2019 (GLOBE NEWSWIRE) -- GWG Holdings, Inc. (Nasdaq: GWGH), a financial services holding company committed to transforming the alternative asset industry through innovative liquidity products and related services for the owners of …

Palomar Holdings, Inc. Announces Third Quarter 2019 Financial Results Release Date and Conference Call

LA JOLLA, Calif., Oct. 21, 2019 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (‘Palomar’ or the ‘Company’) today announced that it will release its third quarter 2019 results after the market close on Monday, November 4, 2019 and will host a …

HCI Group Declares Q4 2019 Quarterly Cash Dividend

TAMPA, Fla., Oct. 21, 2019 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, has declared a regular quarterly cash dividend in the amount of 40 …

Brown & Brown, Inc. Announces the Asset Acquisition of Roper Insurance and Financial Services, Inc.

DAYTONA BEACH, Fla., Oct. 18, 2019 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Steven (“Steve”) J. Roper, the sole shareholder of Roper Insurance and Financial Services, Inc. (Roper Insurance), …

Coalition to Stop Real Estate Wire Fraud Announces CertifID as New Partner

Washington, D.C., Oct. 17, 2019 (GLOBE NEWSWIRE) -- The Coalition to Stop Real Estate Wire Fraud has announced that CertifID has joined as the Coalition’s latest partner in the battle against mortgage closing scams and real estate wire fraud. Founded by …

States Passed Important New Protections in 2019 for Consumers Who Bought GAP Waivers

TALLAHASSEE, Fla., Oct. 17, 2019 (GLOBE NEWSWIRE) -- It’s every new car buyer’s nightmare: Their brand-new car is damaged or destroyed while it’s still new, and they owe more on it than the insurance will pay to replace it. Fortunately, GAP waivers exist …

Donegal Group Inc. Announces Quarterly Dividend

MARIETTA, Pa., Oct. 17, 2019 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ: DGICA) and (NASDAQ:DGICB) today reported that its board of directors declared a regular quarterly cash dividend of $.145 per share of the Company’s Class A common stock and $.1275 …

Funded by Cerberus and TCW, MGAguard Announces National Expansion of Specialty Insurance Underwriting Platform

Expansion of MGAguard’s Premiere Program, RBTguard Provides a New Solution for the Hospitality Market, Specifically Restaurants, Bars, and Taverns FORT LAUDERDALE, Fla., Oct. 17, 2019 (GLOBE NEWSWIRE) -- MGAguard, through its premiere program, RBTguard, …

Hallmark Financial Announces Dates for Its Third Quarter 2019 Earnings Release and Conference Call

DALLAS, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark Financial”) (NASDAQ: HALL), a specialty property and casualty insurance company, today announced that it will release its financial results for the third quarter ended …

Vantage Agora, Inc. D.B.A. EOX Vantage

BEACHWOOD, OHIO, UNITED STATES, October 16, 2019 /⁨EINPresswire.com⁩/ -- CLEVELAND, OHIO, UNITED STATES, October 16, 2019: Big changes are propelling a newly reinvented product company to new heights. The company once known to many as “Vantage …

ExAM4Inspections Enters Residential Home Inspection Market

ExAM4Inspections entry into the Residential Home Inspection market brings enterprise class capabilities to market all in a single application. ARLINGTON, VA, UNITED STATES, October 16, 2019 /⁨EINPresswire.com⁩/ -- ExAM4Inspections, Salesforce …

Mobile Phone Insurance Market 2019 Global Share, Trends, Segmentation, Analysis and Forecast to 2025

Wiseguyreports.Com Publish New Market Research Report On -“Mobile Phone Insurance Market 2019 Global Analysis, Size, Share, Trends and Growth, Forecast 2025” PUNE, INDIA, October 16, 2019 /⁨EINPresswire.com⁩/ -- Mobile Phone Insurance Market …

Progressive Reports September 2019 Results

MAYFIELD VILLAGE, OHIO, Oct. 16, 2019 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for September 2019 and the third quarter of 2019:     September Quarter (millions, except per share amounts and ratios; …

BCI Celebrates 40 Years of Customer Success!

BCI celebrates 40 years of partnering with leading companies to create world-class performance teams. HOUSTON, TX, UNITED STATES, October 15, 2019 /⁨EINPresswire.com⁩/ -- Baker Communications announced that October 2019 was the company's 40th …