NCBA Champions Innovation to Transform Insurance Sector
NCBA Champions Innovation to Transform Insurance Sector
NCBA https://ke.ncbagroup.com/ has reaffirmed its commitment to transforming Kenya’s insurance sector through Insurance Premium Financing (IPF) by hosting the NCBA Insurance Premium Financing Forum under the theme “Strengthening Partnerships for Mutual Growth.”
The forum brought together key stakeholders from across the insurance value chain, providing a platform to exchange insights and explore collaboration.
Discussions focused on partnership opportunities, investment and FX prospects, and corporate banking solutions aimed at shaping the future of the sector.
Elizabeth Karanja, NCBA Head of Business Development, Retail Asset Finance, emphasized the importance of working together.
“By combining our strength as a financial institution with your expertise, we can design solutions that truly meet the dynamic needs of our customers. This forum is both an appreciation of our partners’ continued support and a step towards seizing emerging opportunities together.”
Driving Growth Through Innovation
Additionally, Insurance Premium Financing has emerged as a powerful tool for making insurance products more affordable and accessible. It eases the cost burden for customers while ensuring insurers receive premiums on time, supporting both financial inclusion and sector growth.
NCBA Champions Innovation to Transform Insurance Sector
Beyond IPF, NCBA has consistently driven growth through innovation across multiple areas:
-
Digital lending at scale: Platforms such as M-Shwari, Fuliza, MoKash, MoPawa, and LOOP have enabled the bank to disburse over KES 646 billion in digital loans in H1 2025, making NCBA the region’s largest digital lender.
-
ELEV8 Innovation Studio: The studio nurtures fintech solutions that tackle challenges in financial access, customer experience, and climate resilience.
-
Green and sustainable finance: NCBA has committed KES 30 billion to green projects, including financing solar energy, women-led enterprises, and SME growth. Through partnerships like Water.org, the bank has also expanded access to clean water and sanitation for more than 23,000 people.
-
LOOP Super App: Designed for young, digital-first customers, LOOP integrates payments, savings, lending, and lifestyle services in one seamless platform.
-
FX and trade solutions: By digitizing foreign exchange and trade finance, NCBA has given businesses real-time access to global markets, strengthening regional trade flows.
Looking ahead, NCBA has remained committed to building partnerships that unlock opportunities, fuel innovation, and drive sustainable growth.
In conclusion, the Insurance Premium Financing Forum has reflected not just a reaffirmation of this commitment but also a shared journey with stakeholders to reimagine the future of insurance in Kenya and the wider region.
