Insurer startups get mentorship boost from IRA
BUSINESS
IRA Chief Executive Godfrey Kiptum (left) and Prudential CEO Gwen Kinisu. [Jenipher Wachie, Standard]
Three local startups have received Sh1.25 million each in cash awards from an innovation hub steered by the Insurance Regulatory Authority (IRA), in collaboration with Prudential Life Assurance Kenya and partners, to promote inclusivity.
The startups were recognised for their ability to ease access to insurance in underserved markets through the use of emerging technologies such as Artificial Intelligence, blockchain and telematics.
IRA’s innovation hub in partnership with Prudential, UK-Kenya Tech Hub, Tellistic and the UK Department for International Trade launched the Bima Lab Accelerator Programme to help innovators refine their value proposition and commercial viability.