The East African insurance sector has demonstrated resilience and steady growth, driven by economic expansion, rising financial literacy and accelerated digital transformation. Regulatory reforms have also strengthened market stability and consumer confidence, according to a report by the global professional services firm Deloitte.
Singapore-headquartered global InsurTech bolttech has announced that it has acquired mTek, a digital insurance platform based in Kenya. This move advances bolttech's strategic goals in East Africa and enhances its global embedded insurance capabilities.
Online insurance marketplace and broker, InsureMe, has been listed on the Colombo Stock Exchange (CSE) since 1 December.
Thailand's first full-scale, lifestyle-embedded subscription-styled microinsurance product named TipSnack is expected to be launched in early 2026.
Kenya's regulatory requirements for digital insurance are set to get stricter as the country's insurance regulator, Insurance Regulatory Authority (IRA) is drafting tougher requirements around cybersecurity, data protection and digital insurance oversight.
Digital transformation has become a prominent trend adopted by health insurers in the UAE, with expectations for this branch of business to see further growth in 2025 and 2026, said several speakers at the 9th Healthcare Conference, held in Dubai last week.
The Algerian Union of Insurance and Reinsurance (UAR) has launched an artificial intelligence (AI) hub specialising in digital innovation and strengthening analytical capabilities in the sector. The initiative was announced by UAR General Delegate Abdelhakim Berrah.
A new cross border digital vehicle insurance plan has been launched for travellers between Saudi Arabia and the UAE and will be available through familiar government digital platforms, enhancing convenience and digital adoption.
At the 19th Shenzhen International Financial Expo ("Golden Expo"), Ping An Group CTO Wang Xiaohang made his first public appearance in the role, outlining his latest views on AI's direction and impact.
These are the highlights for events and updates across the insurance industry this week.