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By Peter West and Mayibongwe Sangweni, Financial Institutions Group Client Coverage at Standard Bank Africa’s insurance sector remains largely underpenetrated, with most markets (apart from South Africa) reporting penetration levels below 3%, compared to a global average of upwards of 7%. Insurance penetration is closely tied to macroeconomic realities and given Africa’s low GDP levels, […]
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The initiative supports the aim to increase affordable digital insurance for boda boda riders in Kenya Boda Boda Integrated Management System (IMS), a company committed to addressing public safety, transport, and security challenges for boda boda riders has partnered with Lami Technologies, an insurtech start-up to launch affordable motor and personal accident insurance for riders […]
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