The Insurance industry in Kenya is faced with numerous challenges that make operations in the Kenyan market quite difficult and often leads to frustration for both the insurance providers and the consumers.
These challenges are often dependent on the people who are the consumers, the status of the market under which the insurance thrives, laws governing insurance in Kenya as well as the lack of proper information about insurance products and services.
One of the major challenge that faces the Kenyan Insurance industry is lack of trust. Majority of the Kenyan people do not trust in the insurance business majorly due to the number of non-paid claims that lie about within the market despite one having been consistent in the payment of the insurance premiums.
The Kenyan market is also at its infancy stage and not well versed with the diversity of the insurance industry as most people are not used to paying premiums in order to alleviate the risks for lack of proper information.
There is also the issue of mismanagement of insurance companies that hamper insurance industries in Kenya as some lack proper management skills and the largely lack efficiency, transparency and accountability.
InsureAfrika knows all these challenges and has tried to address them in an effort to make sure that both the insurance providers as well as the consumers equally benefit from their services.
InsureAfrika is a Kenyan company that provides free online insurance quotes from insurance various companies in Kenya, and, in the process, helping both the insurance providers as well as the consumers.
This service will save you the time you will otherwise spend looking for insurance quotes. It will also save you money by linking you to companies that have the lowest quotes for each type of insurance. The platform currently provides services in the following areas;