MTN Nigeria berates OTTs.

MTN Nigeria berates OTTs

Telco says OTT services are 'cannibalising'.

Friday, Feb 24th

Mobile Kenya Safaricom launches M-Pesa health insurance

Safaricom launches M-Pesa health insurance

Safaricom launches M-Pesa health insurance.

Kenya’s largest mobile operator Safaricom is targeting up to one million subscriptions for its M-Pesa health insurance product launched this week.

Safaricom has rolled out the service in partnership with investment firm Britam and Changamka Micro Insurance.

Customers using mobile money service M-Pesa are planned to be able to subscribe to the insurance service at an annual premium of Ksh 12,000 for cover worth Ksh 290,000.

Speaking at the launch event, Safaricom chief executive officer Bob Collymore said his firm has run a pilot phase that attracted 8,000 customers.

“One of the major problems that we have in Kenya is that many people cannot afford quality health care. We have evaluated this and developed a product that reaches out to ordinary people,” Collymore said.

Reports show that 97% of Kenyans or 38.8 million citizens do not have access to health insurance.

Experts blame poor marketing and health insurance service providers’ lack of service to the poor as reasons behind this figure.

However, over 23 million Kenyans -- or 74% of the adult population -- use mobile money.

“It is a business line that we feel has potential. We do not expect much in the initial years but once the system is in place we expect it to be a significant contributor to our business,” said Benson Wairegi, chief executive officer Britam.

ALSO ON ITWEB AFRICA

Standard Bank, GE launch healthcare accelerator at Africa Innovation Centre Published on 30 January 2017

Six-month programme, which includes classes on business plan development and digital practices, will be run from R500 million facility.

Internet rights campaigners take on Cameroon's govt over blackout Published on 20 February 2017

Avaaz, Access Now seek intervention by the African Union.

Powell Tronics captures the attention of the Kenyan security market Published on 03 February 2017

The second SECUREXPO East Africa exhibition, held at the Visa Oshwal Centre in Nairobi, Kenya between 8 and 10 November 2016, was a firm success says Powell Tronics.

Shortage of data science skills offers Africa an opportunity Published on 03 February 2017

Organisers of upcoming series of data science summits are taking steps to address a lack of competencies in data and analytics on the continent.