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Press release

16 July 2021

KES 5.3 million accelerator programme launched to drive innovation in Kenya’s insurance sector

The accelerator programme aims to harness technology innovations that increase insurance coverage among low-income consumers.

Nairobi, July 16, 2021 – FSD Africa, the Insurance Regulatory Authority, and Tellistic Technology Services have launched BimaLab [launch recording], a KES 5.3 million accelerator programme designed to support Kenyan innovators to develop innovative solutions for the insurance sector.

The BimaLab accelerator program will emulate global best practices and place them in a local context to build Kenya’s most competitive and attractive start-up accelerator program. Through the programme, 12 innovators will benefit from a ten-week programme that provides them with expertise, resources, and support to develop and scale market-ready solutions.

“At FSD Africa, we are committed to the growth of the insurance sector and are excited to be involved in grooming the next generation of insurance innovators. By supporting start-up innovators through the BimaLab II accelerator programme, we will not only enhance insurance coverage but also deliver insurance solutions that are both convenient and efficient.”
Kevin Massingham, Director, Risk & Resilience, FSD Africa

Applications are now open on: https://bit.ly/36uUtu9. The deadline for submission is 31st July 2021.