Insurance

For the past couple of years, the use of microservices architecture has...

Insurance companies may experience a loss in the short term, but they rely on the overall risk distribution and their risk management strategies to remain financially stable over the long term.

The integration of multilingual support within Kakbima's ecosystem transcends the mere boundaries of translation—it symbolizes inclusivity and accessibility within the insurance industry and beyond.

The insurance industry faces the ongoing challenge of communicating the intangible value of its services and dispelling the notion that insurance is a mere financial burden until a crisis unfolds.

The insurance industry in 2023 must undergo a transformative shift to cater to the diverse needs and expectations of Gen Z and Millennials. Adapting to this rapidly evolving landscape is not just a choice but a necessity.

As the insurance sector traverses uncharted territory, insurtech companies like Kakbima are at the vanguard of this evolution. The discourse surrounding personalization versus generalization of insurance products underscores our industry's imperative to cater to individual needs while preserving operational efficacy.

Financial innovation in deposit insurance has helped to promote financial inclusion, reduce the likelihood of bank failures and insolvencies, and improve the efficiency of deposit insurance schemes.

Personal, property, and liability risks are ever-present, and without the right insurance policies, they can result in significant financial losses.

There are several issues facing health insurance programs in the US, including rising healthcare costs, limited access to medical care, complex insurance plans, fraud and abuse, and political uncertainty

Insurance can provide financial protection against negligence claims, making it a critical risk management tool for individuals and businesses. By understanding the relationship between insurance and negligence, individuals and businesses can better protect themselves from potential losses due to negligence claims.

Consumer behavior plays a crucial role in determining how insurance products are positioned in the market. Insurers who understand the needs and preferences of their target market can create more effective products, marketing strategies, and pricing strategies that resonate with their customers.

Saving money on motor insurance is beneficial as it can help lower the overall cost of owning a vehicle. This can be especially important for individuals and families on a tight budget.

The insurance industry is not without its ethical issues, and it is important for individuals to be aware of these issues and to work with reputable insurance companies and agents to ensure that they are getting the coverage they need and that their best interests are being protected.

Over the past decade, the insurance industry has seen a significant increase in the number of insurtech companies entering the market.

Insurance data literacy is important for anyone who works in the insurance industry, as insurance companies rely on data to make important business decisions.

After a consistently low inflation rate over the years 2020-2022 saw a 7.1 percent inflation rate that is still going up. As the cost of commodities and services keep going up in most industries, the insurance industry is not exempted.

With the perfect business insurance offering coverage for these potential risks, business owners are able achieve peace of mind and focus their attention on operating a productive, profitable and personally rewarding business for years to come.

Many people have questioned the value of insurance because it is an intangible product. Here are 4 reasons why insurance is important

Insurtech startups are partnering and integrating with other startups and insurers to offer insurance products as add-ons. By embedding insurance in products and platforms with large customers bases, insurers are able to provide the right insurance products to their customers at the point of sale or at the appropriate time.

Kenya has long been a forerunner in terms of digital payments in Africa. The existence of mobile money, visa/master cards, cheques, blockchain and online payment processors such as PayPal and pesapal have been of great impact to the current economy and market place.