BANKING

KDIC announces deposit insurance coverage limit of Ksh 500, 000, effective 1st July 2020

The Kenya Deposit Insurance Corporation (KDIC) has announced the implementation of the raised deposit insurance coverage of KSh 500,000 from KSh100,000 aimed at compensating depositors in case of a bank collapse. The…

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KENYA

Kenyans Urged To Take Up Funeral Insurance Covers

Kenyans are being asked to take up funeral insurance covers to save themselves from financial burden when they lose a loved one. According to Association of Kenya Insurance (AKI) only three…

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TECH NEWS

Allianz Group to ride on Kenya’s technology infrastructure with new insurance products

 Kenya has an economy that is leapfrogging traditional economies in the use of mobile technology. This has created a lot of ingenuity and innovation. Foreign investors hope that this, can…

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TECH NEWS

Insurance industry records a 16% profit rise

  The insurance industry in Kenya recorded a growth net profit by 16.8 per cent to Sh11.1 billion in the year ended December. This is according to statistics from the…

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TECH NEWS

Insurers, reinsurers and brokers adviced to capitalize on cyber insurance

About 61% of business leaders across all industries see cyber attacks as a threat to the growth of their business, and 2014 saw an average of 100,000. As a result, the…

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TECH NEWS

What ails Insurance Industry: #ChaseDebate

Yesterday at around lunch hour the Chase Bank started a debate on what ails the Insurance industry on twitter under the #hashtag #ChaseDebate. Instruction in the tweet was that today at…

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