M-KOPA Kenya, a local subsidiary of the emerging markets FinTech M-KOPA, and Nairobi-headquartered Turaco Insurance Agency, have provided Hospital Cash insurance to over 1m Kenyans in just one year.
These are the highlights for all events and updates across the industry this week.
Initiatives and regulations introduced by the Insurance and Private Pension Regulation and Supervision Authority (SEDDK) has stemmed the use of fake surety insurance policies in the country, according to Insurance Association of Turkey (TSB) vice president Ahmet Yasar.
bolttech has appointed Ms Ridhi Chaudhary to its board as a non-executive director. She is CIO of Dragon Fund by Liquidity and MUFG.
The year 2025 has seen a renewed wave of IPOs among InsurTech and insurance intermediary firms. Recently, Shouhui Group filed its prospectus with the Hong Kong Stock Exchange for the third time, aiming for a main board listing. While InsurTech companies remain enthusiastic about the capital markets, those already listed are grappling with low valuations and falling share prices.
Dubai-based Global Association of InsurTech Professionals (GAIP), an international non-profit professional body, has revealed its plans and initiatives to foster innovation and accelerate InsurTech adoption worldwide.
Bank Negara Malaysia (BNM) has received encouraging interest from various parties in submitting applications for Digital Insurers and Takaful Operators (DITO) licence(s), just three months into the start of the two-year application window that began on 2 January 2025. Planned consultation sessions with interested applicants are currently underway.
The Algerian Unified Automobile Bureau (BUAA) has lined up several digitalised insurance services for auto insurers which will also benefit motorists.
The lack of digital competence is seen as the biggest hurdle to digitalisation by insurance agencies, according to the results of a recent survey.
An insurance platform dedicated to ensuring proper coverage for new energy vehicles (NEVs), which started operations on 25 January 2025, has successfully helped 114,000 units get insured in the first month that ended 25 February.