The vehicle insurance industry in the UAE is going through a noticeable shift. What was a process with many requirements like paperwork, office visits, and long waiting times has become easier and faster now due to digital platforms that are reshaping how people deal with car insurance. Many drivers in UAE realise the difference nowadays. Steps to get insurance that used to take days can now be completed in minutes, often from home with just a smartphone and this transformation is changing expec...

4G Capital said on Friday it has secured a $2 million investment from Global Innovation Fund’s growth-stage vehicle, GIF Growth, to expand lending to small businesses across East Africa. The Kenya-based fintech, which provides loans and business training to micro and small enterprises (MSEs), said the funding will support the scaling of its hybrid “touch-tech” model combining digital lending with in-person support. MSEs account for more than 80% of employment in East Africa but remain larg...

Britam General Insurance has unveiled a drive-through claims facility powered by artificial intelligence that processes and pays motor insurance claims within two hours, cutting sharply from the industry standard of five working days. The Britam AI Motor Assessment Service, based at Britam Centre in Nairobi, targets comprehensive motor insurance policyholders whose vehicles have sustained minor damage. Vehicles are photographed and assessed by AI in about 15 minutes, after which a digital claim...

Skoot Technology on Wednesday launched an electric three-wheeler in Kenya powered by SUN Mobility’s battery swapping system, targeting urban transport and delivery drivers seeking lower operating costs. The vehicle, branded the Skoot e3W, combines a Piaggio-designed three-wheeler distributed by Car & General with SUN Mobility’s battery swapping platform. The companies said the model has been tested in Nairobi over the past two years under local road and load conditions. Drivers using th...