80+ Locations
in East Africa
2000+
Staff Members
KES 5 Billion +
Annual Turnover
Our Approach
The starting point for the project was to complete a high-level analysis of the current insurance policies, the sums insured, and the premiums.
Based on the portfolio size, we scoped the project timeline and cost.
We had a meeting with key staff to understand the business’ risk appetite and possible concentration of risk e.g. largest branch, commercial kitchen, etc.
Analysis
With this in mind, we read the fine print of each of the current policies to identify gaps in the coverage as well as flag any exclusions or terms that were not optimal for this specific business.
Our analysis had two key parts: coverage recommendations and a comparison between current premiums against market
benchmarks.
We presented this analysis to key staff and actively supported the renewal process.
Impact
Superior insurance coverage while saving 20% in annual premiums.
Savings exceeded 50% on a like-for-like sums insured basis.
Raised awareness on the importance of the fine print within policy documents, enabling them to ask the right questions to their insurance providers in the future.