mTek in deal to supply reasonably priced medical health insurance

Thursday June 23 2022

Bente Krogmann, Chief Government Officer of digital insurtech platform, mTek Providers. PHOTO | POOL

Kenya’s digital insurance coverage platform, mTek will present reasonably priced worldwide medical health insurance cowl in East Africa via a partnership with The Unisure Group, a worldwide insurance coverage firm primarily based in England.

For Sh200,000 per particular person yearly, organizations — and people, within the close to future — can entry worldwide non-public medical health insurance plan via the Umatter product, which is underwritten by MUA Insurance coverage Kenya.

Below the Umatter coverage, shoppers taking each the ‘severe issues’ and ‘day by day issues’ choices can add some other modules into their plans.

This implies they’ll have the pliability so as to add household issues, opti-denti issues and/or wellness issues to their particular person plan.

mTek’s chief govt officer Bente Krogmann mentioned the partnership is an indicator of investor confidence and progress prospects of insurtech within the East African area.

“Our perception in paperless insurance coverage has enabled us to supply our clientele with a variety of customized insurance coverage merchandise. By our partnership with MUA Insurance coverage Kenya and Unisure, we are going to now have the ability to present our shoppers with distinctive worldwide well being care and safety,

“With an general annual restrict of Sh540 million entry to worldwide medical care, and unparalleled customer support, Umatter strikes the proper stability between being cost-effective and offering prime worldwide advantages and providers,” mentioned Ms Krogmann.

Since 2019, mTek has revolutionized buyer expertise via the elimination of laborious insurance coverage paperwork.

Along with its companions, it has offered over 65,000 Kenyans with entry to reasonably priced complete well being care protection for a month-to-month payment of Sh1,000.

The insurtech market has seen progress with the rise of related gadgets to monetary providers whilst extra corporations search enterprise effectivity.

Globally, the insurtech service market is predicted to develop from $8.07 billion in 2021 to $10.42 billion in 2022.

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