Insurance Updates Today

INTERVIEW: Musili Kivuitu, GM, Risk and compliance, Liberty Life

Musili Kivuitu, the general manager, risk and compliance at Liberty Life sheds light on the current push of an urge to add to the amount.

CNBC

Date: November 14 2017

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How to increase access to cancer treatment in Kenya

15.10.2017, Business Daily

Cancer is the third most common cause of death in Kenya. Patients seeking treatment in both private and public hospitals…Full story

Review NHIF contribution models for sustainability

15.10.2017, Business Daily

The NHIF scheme as currently structured is not attractive to health service providers…Full story

Include dental health in NHIF medical cover

15.10.2017, Daily Nation

A ready has urged the Health ministry to include dental treatment in the National Hospital Insurance Fund cover…Full story

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Insurance Updates Today

Fund seeks to ‘lock-in’ Britam top owners

11.11.2017, Business Daily

Private Equity Fund AfricInvest is seeking to restrict Britam’s top owners from selling their stake in the insurance…Full story

Britam gets Sh9b for expansion after sale of 24.6pc stake

11.11.2017, Standard on Saturday

Insurance group Britam has succeeded to raise Sh9 billion for expansion after selling 24.67 per cent of its stake…Full story

AON finally exits Africa, CapitalWorks takes over

11.11.2017, The East African

Global insurance brokerage firm AON has finally exited Africa, selling off its entire shareholding…Full story

Kenya’s NHIF urged to increase services as it posts profits

11.11.2017, The East African

Kenya’s National Hospital Insurance Fund (NHIF) posted a Ksh2.3 billion ($23 million) profit in the year ended June…Full story

Wearables to revolutionalise Kenya’s insurance sector

11.11.2017, The People Daily

Developed by Gituku Ngene and Paul Ndung’u of E-ntervene Limited…Full story

Britam shareholders approve Sh5.7bn investment by AfricInvest

13.11.2017, The Star

Britam shareholders have approved the acquisition of a 14. 3 per cent stake in the company by private equity fund AfricInvest…Full story

Insurance Updates Today

News of Interest

AON rebrands to Minet

09.11.2017, The Standard

Regional insurance provider AON has rebranded to Minet Holdings Africa following the takeover by South Africa’s Private Equity group Capital Works…Full story

NHIF suffering crisis of poor management

09.11.2017, The Standard

The National Hospital Insurance Fund (NHIF) management has yet again come up with proposals that run counter…Full story

Insurance updates today

Insurance in Uganda records 12pc growth

04.11.2017, The East African

Uganda’s insurance industry registered a 12 per cent growth in the first half of 2017 compared with the same period in 2016…Full story

Why insurers are wary of young drivers with fast cars

04.11.2017, The East African

Motor insurers are increasingly turning away drivers under 25 to reflect the higher risk younger motorists with powerful cars…Full story

HF Group targets the aged with new medical insurance

04.11.2017, The Star

HF Group, through its subsidiary HF Insurance Agency, has partnered with Britam to introduce a medical cover…Full story

Minister suspends NHIF directive on outpatient visits after public outcry

05.11.2017, Sunday Nation

A controversial directive by the National Hospital Insurance Fund (NHIF) to limit outpatient visits to four per year has been suspended…Full story

Board calls crisis meeting as members cry foul over directive

05.11.2017, Sunday Standard

Decision by the government to suspend a cap on outpatient services through NHIF just three days after it was introduced…Full story

Taxify, Resolution launch insurance platform

06.11.2017, Business Daily

Taxify and Resolution Insurance will launch a new online insurance platform…Full story

Insurance Updates Today

NHIF cuts number of outpatient visits

03.11.2017, Daily Nation 

The National Hospital Insurance Fund has reduced outpatient visits to only four per year per family contributing to the national scheme…Full Story

Varsity to train health staff to improve services

03.11.2017, The Standard

The county government has partnered with a university to train community health volunteers with the aim of improving grassroots health care services…Full Story

New NHIF outpatient directive discriminative

03.11.2017, Business Daily

NHIF covers elderly people for free while the unemployed and informal sector workers become members…Full Story

What does it mean to get awarded in the insurance sector?

03.11.2017, The Star

Awards in the insurance sector have really been appreciated by some, and shunned by others. And that is why not all sector players participate in them…Full Story

Old Mutual reduces stake in Nedbank Group

02.11.2017, CGTN

Old Mutual is set to reduce its stake in Nedbank Group from 54% to 19.9%. The move will see Old Mutual wealth and Old Mutual asset management separated into stand alone entities…Full Story

 

Insurance Today

Insurance agents to fete firms, garages

02.11.2017, Daily Nation

Insurance agents are set to honour underwriting firms and garages that offer quality services to the industry during this year’s Agents Choice Awards (ACA) scheduled for Friday in Nairobi…Full Story

APA Life credit rating downgraded

02.11.2017, The Standard

 South Africa’s Global Credit Rating (GCR) has downgraded APA Life’s credit rating due to deterioration in its capitalisation…Full Story

Blue Shield duo wins liquidation reprieve

02.11.2017, Business Daily

The High Court has temporarily barred the Insurance Regulatory Authority (IRA) from liquidating Blue Shield Insurance…Full Story

Insurance agents to fete industry’s top performers

02.11.2017, Business Daily 

Insurance agents are set to honour underwriting firms and garages that offer quality services to the industry during this year’s Agents Choice Awards (ACA) scheduled for Friday in Nairobi…Full Story

NHIF drops limit on hospitals for outpatient service

02.11.2017, Business Daily

National Hospital Insurance Fund (NHIF) members can now access outpatient services from more than 2,000 hospitals…Full Story

Insurance, allowances for Kiambu firefighters

02.11.2017, The People Daily

Kiambu Governor Ferdinand Waititu has vowed to ensure that firefighters in the county are insured and are provided with risk allowances…Full Story

Insurance Today

Board bosses risk jail for failing to pay health staff

01.11.2017, Daily Nation

The six members of the Murang’a County’s Public Service Board risk spending six months in jail for failing…Full Story

Uber secures medical cover for its customers

01.11.2017, Daily Nation

Uber users are set to get between Sh6,000 and Sh150,000 worth of emergency medical evacuation, treatment and compensation in case of accidents…Full Story

NOTICE: NSSF

01.11.2017, The Standard

Tender notice for provision of Air Ticketing and Travel Agency Services among others…Full Story

Pension schemes feted for innovation

01.11.2017, The Standard

The County Pension Fund (CPF) and Laptrust schemes have been feted for technology use in their operations…Full Story

INTERVIEW: Political Instability & FDIs

01.11.2017, CNBC

Citadel Investments Regional Chair & Partner Craig Kiggen discussing on the co-relation of political instability and regional foreign direct incentives…Watch

Keep it here for more insurance related updates.

Insurance Today

 

Irony of patient defender felled by the broken system he tried to fix

31,10.2017, Daily Nation

The Author narrates the irony of a patient defender who was felled by the broken system he tried to fix…Full Story

Top numbers that defined the economy during 2017 elections

31.10.2017, The Standard

In the recent findings from a survey by Kenya Association of Manufacturers regarding the impact of repeat election, six out of 10 manufacturers sees zero…Full Story

 

Insurance Today

Insurance company to cover suppliers against bad debts

19.10.2017, The Standard

Suppliers who have had their fingers burnt after accumulating debts with ailing retailers Nakumatt and Uchumi could in future avoid such losses by adopting a new insurance product…Full Story

Ngilu develops policy for affordable health care

19.10.2017, The People Daily

 Kitui County has developed a health policy aimed at providing quality and affordable health care services at subsidised NHIF rates…Full Story

NHIF rolls out biometric kits to end medical fraud, project to be completed in 3 years

19.10.2017, The Star

The NHIF has embarked on the use of fingerprints to identify all its members when seeking services in health facilities…Full Story

Laikipia govt promises better health care services

19.10.2017, Milele FM

 Laikipia county government has said it will open two dispensaries in each constituency where the NHIF will be used…Full Story

 

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Insurance Today

Below are news updates touching on the insurance sector.

Community health workers can help increase uptake of health insurance

17.10.2017, Daily Nation

 

One of the good things about the Health Act that was enacted in June is that it addresses universal health coverage (UHC)…Full Story

 

Kenya Re most attractive at the bourse

17.10.2017, Daily Nation

 

Kenya Re has been ranked the most attractive insurer listed on the Nairobi Securities Exchange in the first half of 2017…Full Story

 

Expansion. AAR eyes N Rift with new branch

17.10.2017, The Standard

 

AAR Insurance Kenya has opened a new branch in Eldoret town. Managing Director Caroline Munene (pictured, left)…Full Story

 

Q&A: Capex Life Assurance Company Ltd

17.10.2017, The Standard

 

Kenya’s life insurance landscape has only 0.5 per cent of the population is covered by employer-provided plans, also known as group insurance, while only 1.5 per cent are cov- ered…Full STory

 

It’s time Kenya rethought pension schemes model

17.10.2017, Business Daily

 

Time does indeed fly. It is hard to believe that 20 years have passed since the Retirement Benefits Act came into force…Full Story

 

Equity unveils new insurance product

17.10.2017, The People Daily

 

Equity Insurance Agency has launched a healthcare cover targeted at Kenyans in diaspora who want to cover relatives in Kenya…Full Story

 

Insurers diversify to boost revenue

17.10.2017, The People Daily

 

Insurance investors in Kenya are moving away from the traditional investment portfolios to real estates and asset-based investments which yield more returns…Full Story