Bente Krogmann, Nairobi-Based Businesswoman, Collaborates with Britam to Safeguard SMEs Against Risk
Britam Holdings has partnered with mTek, a Kenyan insurance technology company based in Nairobi and owned by businesswoman Bente Krogmann, to provide mobile-enabled business protection against fire and theft to small businesses in Kenya.
The collaboration between mTek and Britam Holdings, a renowned insurance firm run by wealthy businessmen Peter Munga, James Mwangi, and Jane Wanjiru Michuki in Kenya, will help more than 100,000 MSMEs around the nation. MSMEs will access the service through the mTek mobile app.
In the event that an accident-related permanent disability or hospitalisation causes a business interruption from the policy, business owners will have the option to choose between basic property coverage with an additional personal accident cover, interruption due to hospitalisation cover, and coverage for income loss.
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Comments on the partnership
The latest relationship between Britam and mTek was discussed by Evah Kimani, director of digital and partnerships at Britam. She stated that it will increase the risk profile of business owners, enabling them to access finance and expand their value chains.
Krogmann, CEO and co-founder of mTek, stated that collaboration among market participants in the development of specialised solutions is crucial to boosting penetration among the uninsured.
“Small business owners can enjoy the seamless purchase of Britam Biashara and claims processing via the mTek platform which delivers convenience thus saving business people time to concentrate on more pressing issues,” Krogmann said.
Krogmann established the digital insurance platform mTek in 2020, offering the insurance sector a completely paperless ecosystem.
In order to extend operations across East Africa, it has partnered with Britam, over six months after receiving a $3 million financial commitment from Finclusion Group, an African-focused fintech platform.
Since its launch almost two years ago, mTek has registered more than 20,000 users and worked with over 35 Kenyan underwriters to continually give customers a better and more transparent experience when buying and renewing their insurance policies.
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