Welcome to Bimahub: An innovation hub for the Insurance Regulatory Authority
IRA
IRA

Email

innovationhub@ira.go.ke

About Us

About Bimahub

The hub is aimed at providing a safe and creative environment to experiment and prototype radical innovations and enabling deep collaboration among multi-disciplinary teams and diverse stakeholders. The hub will enable lots of thinking, testing and prototyping enabling development of customer centric and innovative solutions to promote uptake of insurance.

IRA

The Insurance Regulatory Authority has developed an innovation hub” Bimahub” and Regulatory Sandbox “BimaBox” to harness innovation that will create synergies and efficiencies within the insurance sector with the purpose of financial inclusion and enhanced access to insurance products and services.

The Authority’s strategic plan is centred on policy and market development for inclusion and enhanced access to insurance products and services. Harnessing technology is one of the levers IRA aims to use to deliver our mandate of increasing insurance penetration in the Kenya. The insurance industry has been slow to innovate compared to the rest of the financial sector and IRA is positioning itself to lead and expedite innovation in the region in this regard.

Our Mission

Our aim is to improve the quality of life by increasing the penetration of insurance to vulnerable individuals and businesses.


Objectives

aims to harness innovation that will create synergies and efficiencies within the insurance sector with the purpose of financial inclusion and enhanced access to insurance products and services

We love ideas

Ideas and innovations. Apply for the InsurTech Hackathon here