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Britam Uganda Launches Unit Trust Funds

Britam Asset Managers (Uganda) Ltd. has officially launched three types of Unit Trust Funds namely Britam Money Market Fund, Britam Umbrella Fund and ...

Britam Tower named top skyscraper in Africa in global architecture awards

Britam Tower has clinched the Emporis Skyscraper Award, making it the only building in Africa to feature among top 10 buildings in the world in the aw...

Britam acquires she billion expension revenue after sale of 24.6 per cent stake Britam acq...

Howard Humphreys (now an Atkins company) was appointed by Britam to provide civil/structural design and construction supervision for a commercial buil...

Britam shareholders approve divident of 45 cents per share

Howard Humphreys (now an Atkins company) was appointed by Britam to provide civil/structural design and construction supervision for a commercial buil...

Britam shareholders approve Kshs. 5.7 billion investment by AfricInvest Equity Fund

Britam will use the funds to accelerate property development, fresh investment in its subsidiaries and revamping its technology to enable it deliver i...

BRITAM LAUNCHES ASSET MANAGEMENT COMPANY IN UGANDA

Britam Holdings Plc has launched an asset management company in Uganda as it seeks to extend its asset management offering in the region....

Britam partners with fintech app KOA to enable more Kenyans to access savings and investme...

Britam Asset Managers and Kenya-based fintech startup KOA, have today announced a partnership to offer customers access to low risk investment opportu...

Britam Delivers Mixed Performance Despite Covid-19 Impact

Britam Holdings recorded a gross revenue of Shs 28.8 billion, representing a 4 percent increase from Shs 27.7 billion reported in the prior year ended...

Britam Tanzania and Vodacom Tanzania Partnership

Vodacom Tanzania and Britam Insurance have inked a partnership deal that will see the former issuing third party motor vehicle insurance cover to its ...

Britam Announces New Executive Appointments To Drive Customer Focus And Deliver Growth

Britam Holdings Plc has today announced a new executive team that will deliver enhanced service to its customers and position the company for long-ter...

Britam Holdings PLC Announces New Customer Centric Organisational Structure

The Board of Britam Holdings Plc has today announced a new organisational structure that will result in a more competitive, efficient and customer-ce...

BRITAM ANNOUNCES GROUP MANAGING DIRECTOR CHANGES

The Board is pleased to announce the appointment of Mr. Tavaziva Chadamoyo Madzinga as the Group Managing Director of Britam Holdings Plc effective 1s...

Britam Half Year Results Impacted by Negative Effects of Covid-19 on Listed Equities and P...

Britam Holdings has today reported a gross earned revenue of Shs 13.8 billion, a 9 percent  increase from Shs 12.6 billion from 30 June 2019. This gro...

Britam shareholders approve Shs 631 million dividend.

Shareholders of Britam Holdings Plc have approved a final dividend of 25 cents per share for the financial year that ended on 31st December, 2019 duri...

Britam Launches Tele-health Services to Provide Healthcare Access to Corporate, SME and Mi...

Britam has launched Tele-health services, dubbed Britam Afya Mikononi, with an aim of providing its clients with remote healthcare during the Covid-19...

Appointment of Deputy Chairman of Britam Holdings Plc - Mr. Mohamed Said Karama

 Britam Holdings Plc is pleased to announce the appointment of Mr. Mohamed Said Karama as the Deputy Chairman of the Board with effect from 12th May 2...

Britam Imarika Fund April 2020 Commentary.

Imarika Fund Return for the month was 1.04% implying an annualized return of 13.41% p.a. Gross Domestic Product (GDP) is estimated to have grown by 5...

Britam Donates Shs15 Million to COVID-19 Emergency Response Fund

Britam Holdings Plc has today contributed Shs15 Million towards the Government’s efforts to contain the spread and impact of COVID-19 in Kenya. The mo...

Britam Posts Shs 4.6 Billion Pre-Tax Profit in 2019

During the period under review, the Asset Management business recorded good performance with Assets Under Management (AUM) of Shs 227 billion, an acce...

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Britam & M-TIBA receive Swiss Capacity Building Facility (SCBF) funding to upscale Mobile base Health Insurance

Britam & M-TIBA have received grant funding from Zurich based SCBF for technical assistance to scale up a mobile health insurance solution offered by Britam and accessible on the M-TIBA mobile platform. The SCBF funding will enable deep customer insights through customer research as well as enhance data analytics and drive digital marketing initiatives.

Health insurance penetration in Kenya has remained low exposing households to financial destabilization especially when faced with unexpected medical conditions or critical illness. A policy brief by the Ministry of Health has noted that 2.6 million Kenyan households are at risk of impoverishment as a consequence of healthcare expenditures (Wanjala, 2019). This is especially concerning for low-income households where insurance coverage is even lower (3% in the poorest quintile compared to 42% in the richest quintile). Britam and M-TIBA are partnering to address this gap by offering simple and affordable health insurance that is easily accessible. This product is mainly targeted at informal workers and small businesses.

SCBF is a public-private development partnership (PPDP) that works with partner financial institutions and technical assistance providers to ensure accessibility and increase utilization of financial services within low-income communities in developing and emerging countries. “We are keen to support this partnership as we believe that it will further SCBF’s objective of enhancing the living standards and better response to adverse effects of health emergencies by building resilience in low income populations..” said Sitara Merchant, CEO of SCBF.

“Britam is committed to developing and providing simple and affordable insurance solutions to traditionally underserved customers like small businesses and the informal economy. This funding support from SCBF will allow us, in partnership with M-TIBA, to increase penetration to this target population,” added Saurabh Sharma, Director of Emerging Consumers business at Britam that focusses on underserved customer segments.

To leverage on the ever increasing utilization of mobile phones, the insurance solution is offered on M- TIBA’s mobile platform. Launched in 2020, hundreds of individuals are already insured and this funding is expected to scale up the product outreach even further. Moses Kuria, Managing Director, M-TIBA Kenya commented, “We are passionate about supporting the drive for universal health coverage in Africa and our M-TIBA platform has disrupted the health care space in Kenya. The funding from SCBF is a validation of our efforts and proves that this partnership has great potential in increasing access to quality health care.” Britam and M-TIBA are also collaborating with Cenfri, a South Africa based research agency on this project. Cenfri works with partners like Britam & M-TIBA to deliver impact through research, capacity building, and innovation support in the areas of financial sector innovation, integrity, resilience, and inclusive digital transformation. Jeremy Gray, the lead of resilience team at Cenfri added that this support from SCBF will enable them to drive innovation and replicate the lessons in other parts of the African continent

 

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