Kenya

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.

Health insurance programs in Kenya face several issues, including inadequate funding, limited access to healthcare, low insurance penetration, and fraud and abuse.

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.

Cyber liability insurance is an important consideration for businesses and organizations in Kenya, providing financial protection and helping to meet regulatory obligations in the event of a cyber attack or data breach.

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.

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

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.

The medium- to long-term prospects for the insurance sector as a whole will be shaped by underlying trends that have been accelerated in recent months.

Initiatives must be linked to the highest business value and customer impact at stake, with systematic follow-up in place to ensure that value is being realized incrementally.