Jubilee Insurance calls for industry innovation fund

Jubilee Insurance chief executive Julius Kipngetich. FILE PHOTO | NMG

What you need to know:

  • Chief executive Julius Kipngetich said Thursday that the current insurance business model has been shunned by customers and that only innovation hubs can give the industry a lifeline.

Jubilee Insurance has sent a proposal to the regulator asking for the industry to set up an innovation fund to help test and develop new insurance products as clients age and a low uptake by younger customers.

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