Tag: underwriting
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Weight Loss Jabs and Enhanced Annuities: How Your Health Could Cut Retirement Costs
What are enhanced annuities and why do they matter for retirement income? Enhanced annuities are a type of retirement income designed for people with health risks or lifestyle factors that shorten life expectancy. Because the annuity provider expects to pay out over fewer years, the monthly or annual payments can be higher than standard rates.…
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New Insurance Alliance Shields Satellites from Space Debris Collisions
A Groundbreaking Partnership for Satellite Risk Coverage Two industry leaders have joined forces to offer a specialized form of insurance that currently doesn’t fit neatly into traditional policies: coverage for space debris collision events impacting satellites. As megaconstellations expand and payloads become more valuable, the financial exposure from debris-related incidents has grown. The collaboration aims…
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How AI is Changing the Face of Insurance in Kenya
AI at the Core of Kenya’s Insurance Evolution Kenya’s insurance industry is undergoing a notable transformation as artificial intelligence (AI) moves from a buzzword to a practical backbone for everyday operations. From onboarding new customers to evaluating risk and handling claims, AI is enabling insurers to operate more efficiently, accurately, and transparently. The shift is…
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AI in Insurance Kenya: Transforming Claims & Onboarding
Overview: AI is reshaping Kenya’s insurance landscape Artificial intelligence is no longer a distant concept in Kenya’s insurance market. Across major players and innovative startups, AI is being embedded into core processes—from how customers sign up to how risks are assessed and how claims are paid. The result is a more efficient, customer-centric industry that…
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Universal Insurance Plc Posts 388% Post-Tax Profit Surge Amid Market Confidence
Universal Insurance Plc Reports Stunning 388% Profit Increase Universal Insurance Plc, a leading underwriting firm, has reported an astonishing 388% rise in post-tax profit for the nine months ending September 2025. The surge underscores a stronger market position for the company as it navigates a favorable investment climate and sustained premium growth. While the insurance…