AMACO Insurance Products On PESABAZAAR.COMPosted on 2017-01-17
Africa Merchant Assurance Company Limited (AMACO) is one of the leading insurance company incorporated in Kenya in the year 2000. It is a member of the Association of Kenya Insurers (AKI) the leading lobby group for all insurance companies in Kenya. It is led by Managing Director and Insurance Principal Officer, Mr Jonah Tomno. It is licenced by the Insurance Regulatory Authority Reference number IRA/01/041/01.The company transacts general business in Kenya. It is a provider of all general classes of insurance for individuals, families, NGOs, SMEs and larger corporations, ranging from asset protection to a wider range of liability covers. AMACO in the financial year 2015 did a total premium of KSh 3.307 Billion out of the total General Business premiums of KSh 112 Billions.
AMACO has one of the strongest branch network across the country. It is known as one of the leading providers of insurance products tailored to SMEs and businesses with its flagship product, ‘The Merchant Commercial Policy” which is a motor vehicle insurance product for commercial vehicles like pickups, canters, Lorries, trailers.
AMACO is one of the most appreciated insurance companies by the insurance agents’ network, winning multiple accolades in the just concluded BIMA Intermediaries Association of Kenya (BIAK), scooping the overall Agents Choice Award.
AMACO’s team comprises of young energetic & highly technically qualified employees in insurance matters. Our staff composition meets the gender requirement under the constitution with women in leadership having increased tremendously in the past few years with all the communities in Kenya being well represented. We further pride ourselves in our youthful team which has the necessary energy, agility and flexibility to succeed in today’s dynamic market.
AMACO core systems (AIMS) was recently upgraded to improve processing efficiency of all our operations. Our support infrastructure is also enhanced to improve branch connectivity and processing speed of all company operations.
AMACO leadership is made up of independent minded and have strategically position themselves to drive the organization to greater heights. Our board comprises of committees that ensures that there is independent oversight of internal controls and risk management.
PESABAZAAR.com on the other hand is the leading online insurance aggregator in Kenya, launched in the market in 2016, it has quickly become a one stop shop to compare and buy insurance products ranging from medical, life, motor and non motor insurance online in Kenya. PESABAZAAR.com was awarded the BEST Innovative Company 2016 in Kenya, at the just concluded Agent Choice Awards by BIAK on 4th November, 2016 at Crowne Plaza hotel Nairobi.
The platform allows members of the public to compare quotes for car insurance in Kenya, online online medical insurance quotes in Kenya for individuals, families and also senior citizens (65+).In addition, the platform allows the public to compare quotes for travel insurance, home/domestic insurance, and golfers insurance. To cater for the growing life insurance market, customers can also learn about, get online quotes for education insurance policies and life insurance quotes. It is now possible to learn about, compare insurance covers and purchase the cover all online. This is a drastic change to the current distribution model, which is completely offline, dictated by insurance company agents, independent agents, bancassurance and brokers. The online distribution model aims to reach more Kenyans, increase information and transparency and improve the service delivery to clients through the use of technology.
PESABAZAAR.com also features tools to help the public in many matters of personal finance and healthy living habits. Understand and calculate your net pay in Kenya using the Calculator. This will help to understand the mandatory contributions like the NSSF, NHIF, and KRA Pay As You Earn (PAYE) tax.
In addition, users can use a multitude of other tools like the BMI calculator to check their weight and general state of health. The Loan Calculator Kenya tool allows users to graphically visualise how much they would pay for any credit/loans at the prevailing market credit rates.