The National Health Insurance Fund (NHIF) has announced that registration and payment for their medical cover package will soon be accessible through mobile phones. According to the country’s official medical cover provider, Kenyans will no longer have to jump through bureaucratic hoops in order to sort out their medical expenses.
The Retirement Benefits Authority (RBA) has licensed CIC Asset Management Limited to manage pension funds. Responding to the high number of concerns that most pension funds are mismanaged, CIC have said that they will make use of Information and Communication Technology (ICT) to reduce the cost of doing business and enhance efficiency.
. The Africa Trade Insurance Agency reports that the uptake of Political Risk packages has gone up 3,000% from KES 1.3 billion in 2008 to KES 41 billion by December of 2012.
There are currently 45 registered insurance firms and all of them are stationed in Nairobi. The Kenya Government has now made plans to set up insurance agencies across all the 47 Counties.
33% of registered insurance companies are at risk of getting shut down because they have failed to meet a specified set of requirements. What does this mean for you?
Britam, CEO, Benson Wairegi describes this as a "sexy" new insurance product that will enable Kenyans to access cheap medical care through their mobile phones.
Private Health providers, Insurance regulators and major hospitals all say that the cost of medical care will rise by about 15%. Are you ready to meet those expenses?
The Insurance Regulatory Authority has called on religious leaders to help create public awareness with regard to the industry. The IRA believes that their move will improve the living standards of the community.