NAIROBI, Kenya July 8 – Association of Insurance Brokers of Kenya (AIBK) has partnered with Birdview Microinsurance to scale up microinsurance adoption, notably amongst area of interest and underserved markets.
The companions aver that the transfer is anchored on deepening insurance coverage entry in Kenya.
AIBK CEO, Eliud Adiedo, emphasised the alliance as a step towards inclusivity.
“By specializing in area of interest markets and leveraging expertise, we are able to break down obstacles and produce the advantages of insurance coverage to those that want it most.”
Despite a rising want for monetary safety, insurance coverage penetration in Kenya stays low, particularly amongst low-income earners, SMEs, and casual sector staff.
Microinsurance, which affords low-cost, focused merchandise, has been flagged by specialists as a game-changer for the business.
Birdview Microinsurance CEO, James Kimani, affirmed the corporate’s mission to uplift weak communities.
“Birdview is deeply dedicated to restoring dignity to our shoppers. With brokers controlling almost 40% of the market, we consider they play a significant position in advancing microinsurance. We goal to construct impactful relationships and guarantee microinsurance really thrives.”
Birdview highlights the diaspora’s position, asserting that the corporate is tailoring tech-driven options for Kenyans overseas to offer medical cowl for households again residence.
The companions contend that the transfer is poised to usher in a extra inclusive, progressive insurance coverage period, bringing monetary safety nearer to hundreds of thousands and serving to safe Kenya’s financial future.
