Bimalab

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This platform attracts, inspires and organizes key players and disruptors across financial industry and technologies to collaborate on ground breaking, innovative insurance products and services – revolutionizing the future of insurance in Kenya. The Lab is established by the Insurance Regulatory Authority (IRA) which is mandated to develop the insurance industry. 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.