Kwara and Lami Technologies partner to enable greater access to insurance products for SACCO members in Kenya

Press Release

The initiative aims to provide Kenyans with affordable insurance products and increase coverage across the country.

Nairobi, Kenya 2 November 2021: Digital banking fintech startup Kwara has partnered with Kenyan-based insurance technology company, Lami Technologies, to provide Savings and Credit Co-operative Society (SACCO) members in Kenya with affordable and transformational insurance products through its digital platform. The partnership will allow SACCO members to conveniently access innovative insurance products ranging from health, general, life, business, and property coverage.

The collaboration aims to build the domestic insurance ecosystem and empower SACCO members to get insurance products seamlessly that meet their needs. The initiative is one of the first to broaden access to help close the insurance gap amongst SACCO members, allowing more Kenyans to build financial security. 

Kenya’s insurance penetration rate is less than 3 percent, leaving many vulnerable to financial stress. Low adoption is attributed to several factors, including a lack of awareness of available insurance products and offerings that are inflexible and unaffordable to most citizens. To increase insurance uptake and allow more Kenyans to have access to coverage, the partnership aims to provide Kwara’s 60,000+ members an easy way to access products tailored to their specific needs. Kwara will offer these products to members through its neobank app, integrated with Lami’s insurance technology infrastructure. Together with Lami, they will work with underwriters to customize flexible and affordable insurance products based on the market's requirements

This partnership speaks to our wider strategic goal to help existing credit unions and savings cooperatives transform into modern digital financial institutions.

Cynthia WandiaCo-founder & CEO, Kwara
Cynthia Wandia, Portrait smiling

“We believe that providing access to insurance products through the Kwara app will fast-track members into a path of financial independence and strengthen their ability to withstand financial shocks,” said Cynthia Wandia, Co-founder and CEO, Kwara.

Jihan Abass, Co-founder & CEO, Lami, said, “We are proud to partner with Kwara to introduce affordable insurance products to SACCO members, and empower Kenyans with a fast, simple, and quick coverage option that contributes to a more inclusive ecosystem. By harnessing the power of technology and collaborating with market leaders to roll out equitable solutions, we are fulfilling our mission to provide coverage to millions of underserved Kenyans. This collaboration is a significant milestone for both organizations, and will help shape a new digital age for the insurance ecosystem.”

This partnership is designed to equip people with the right products paving their own path towards financial security.

About Kwara

Kwara is on a mission to bring modern financial services to 1 billion people, powered by credit unions. They offer SaaS software to credit unions to upgrade their back-office operations, then offer existing credit union members a neobank consumer app. Today Kwara serves over 66,000 members and handles up to $40M in monthly transactions on their platform. Kwara is backed by top global investors and accelerators such as Norrsken Impact Accelerator, Google for Startups, Catalyst Fund, and Mastercard Start Path. Visit for more.

About Lami Technologies

Lami Technologies is an insurance technology company founded in 2018 by Kenyan entrepreneur Jihan Abass. Our mission is to break Africa’s three percent insurance penetration barrier. Headquartered in Nairobi, Kenya, our team of diversified talented individuals is located across five countries in Africa and Europe. Through our secure API platform, we offer our business partners innovative digital insurance solutions to help them enhance and improve the usage of insurance products while enabling them to distribute insurance to their customer base. We transform insurance policies and allow customers to tailor their coverage according to their requirements to get flexible terms and affordable payment plans. For further information, visit


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Lami Technologies

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