Britam Holdings and Digital insurance mTek have launched a Digital protection cover targeting Micro, Small and Medium Enterprises (MSMEs).
The product, Britam Biashara, will protect businesses from fire and theft. Business owners will also be covered against revenue loss due to fire, hospitalization, and disabilities brought about by accidents.
Businesses can select from a variety of alternatives under Britam’s policy, including standard property insurance with supplementary personal accident protection, business interruption due to hospitalization cover, or both based on their needs and budget.
Read: Britam Partners With Voltic To Launch Digital Personal Accident Cover For PSV Travelers
Using MTek’s mobile application, the collaboration intends to sell the policy to 100,000 businesses across the country.
According to Bente Krogmann, chief executive officer of mTek, the insurance industry’s stakeholders must collaborate to develop specialized solutions if they are to expand their reach to the uninsured.
“We believe that technology plays a vital role in the provision of customer-specific insurance products. Small business owners can enjoy the seamless purchase of Britam Biashara and claims processing via the mTek platform, which delivers convenience, thus saving business people time to concentrate on more pressing issues,” said Krogmann.
Established in 2019, mTek-Services is a B2C digital online insurance platform that provides an entirely paperless ecosystem, allowing customers to purchase Insurance directly from the Insurer, Compare Insurance Policies, and file claims directly through their smart devices.
Over 65,000 Kenyans now have access to complete health care at an affordable price of KSh1,000 per month, thanks to the organization’s partners.
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