By Patricia Okumu
The Kenyan insurance technology company, Lami Technologies and Sendy Limited, a tech-logistics company have launched a new per-trip insurance policy for the transporter in Kenya.
This comes after a partnership that was announced on 22nd September 2021 will enable transporters in Kenya to access simple, hassle-free, and affordable insurance products customized on a per-trip basis.
The transport sector is a core part of Kenya’s economic strategy. Most transporters move commodities, goods, and cargo across the country without business-specific insurance. Therefore, this partnership aims to provide transporters in Kenya with access to affordable digital insurance plans for their shipments and expand the sector’s customized insurance solutions. This collaboration supports the logistic industry by digitizing access to insurance for transporters protecting them against all risks of physical loss or damage from any external cause during transit.
Powered by Lami’s insurance API, transporters, moving cargo can now swiftly digitize their insurance policy requirements on Sendy’s online freight dashboard for shipment across the country and within East Africa for cargo valued up to Kenya Shillings 5 million.
Sendy’s platform simplifies end-to-end logistics for businesses by connecting them to hundreds of transporters online. Transporters allocated a consignment will be required to access Lami’s embedded and automated insurance policies enabling real-time quotes, adjustable carrier liability on a per-trip basis, and faster claims process of receiving claims reducing inefficiency.
Founder and CEO of Lami, Jihan Abass, said, “Lami Technologies is working on spearheading the transition of digital insurance in Kenya. By partnering with Sendy to provide transporters with access to affordable and relevant insurance products online, we are not only promoting the availability of freight insurance for transporters. But we are also connecting them to a wider customer base to increase the volume of their business transactions. Lami’s API platform is a powerful tool that offers businesses an enhanced insurance experience. Over the coming months, we look forward to further collaboration with our partners to continue delivering relevant insurance solutions that encourage businesses to operate more seamlessly and efficiently.”
Mesh Alloys, Founder and CEO of Sendy, said: “Through this collaboration, we will be able to take advantage of the speed and ease of digitalisation while also assisting our transportation partners by adding a cutting-edge technology that will enhance efficiency to their service offering. It also allows our transportation partners to take advantage of a low-cost per-trip insurance policy, which is in line with our approach of forming alliances that enable our partners to do more.”
Lami Technologies have over the past years been launching digital insurance partnerships with businesses in Kenya designed to equip organisations and people with the right tools to pave their path towards ensuring financial security by broadening access to affordable and relevant insurance.
