East Africa

Lami Technologies and Sendy announce new partnership in Kenya

Kenyan insurance technology company, Lami Technologies and Sendy Limited, a tech-logistics company, has announced a partnership that will enable transporters in Kenya to access simple, hassle-free, and affordable insurance products customised 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, which does not protect the business from the risk of potential loss. The development of insurance products for the transport sector can contribute to both financial and economic development. This collaboration supports the logistic industry by digitising access to insurance for transporters protecting them against all risks of physical loss or damage from any external cause during transit.

Lami who recently raised $1.8 million in seed funding, led by Accion Venture Lab’s powers the service with Lami’s insurance API, transporters moving cargo can now swiftly digitise 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 quotation, adjustable carrier liability on a per-trip basis, and faster claims process on receiving claims reducing inefficiency.

Jihan Abass, Founder and CEO of Lami, 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.”

Lami connects partner organizations, such as e-commerce platform Jumia, with underwriters and allows them to offer a superior customer journey. Through its API, users can get a quotation for motor, medical, or other tailored insurance products in seconds, then customize the benefits and adjust the premium to suit their needs, get their policy documents instantly, and claims are paid in record time.

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.”

Over the past year, Lami Technologies has 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.

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