What is big data in insurance?

Jun 8, 2022 | AI/ML, iOT

Big data has quickly become one of the most powerful buzzwords in the insurance industry. It’s an invaluable tool for analysing trends and patterns that insurance brokers can use to inform policy, assess risk and identify fraud. By now most insurance providers...

How insurers across Africa are using telematics in motor insurance

Jun 8, 2022 | Motor Insurance, Telematics

Insurers across Africa are facing many challenges when it comes to motor insurance but the biggest problem has been lack of data to offer risk-based pricing to their customers. In Kenya, motor has been a loss-making enterprise over the last eight years. According to...

How AiCare Telematics technology is reducing accidents and accident-related costs

Jun 6, 2022 | Telematics

What is Telematics? Telematics technology is an essential tool in the driving world. The software is used in GPS tracking devices to help fleet owners keep tabs on the real-time locations of their vehicles, and drivers navigate unfamiliar roads. However, where...

Why motor insurance in Kenya has been losing money for the last 8yrs

Jun 6, 2022 | Cars

The insurance industry in Kenya has reported losses in motor insurance for the last seven years, with 81% of motor books as loss-making and over 30% of claims said to be fraudulent. Without sufficient data, the insurer cannot offer risk-based individualised premiums,...

Car Insurance: What I claim, what’s not covered

Jun 2, 2022 | Cars, Featured

You would be forgiven to think that with a comprehensive cover, a motor insurance company would settle virtually any claim you make. The truth is that a comprehensive cover is not a blanket cover for all the things that can happen to your car. The whole point of...