AKI
- Company typePrivate
- Founded1987
- HeadquartersNairobi, Kenya
- Headcount11–50
- GTM typeB2B
- OfferingServices
AKI firmographics
Firmographics- Name
- AKI
- Legal name
- Association of Kenya Insurers
- Website
- https://akinsure.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
AKI industry classification
Industry- Product category
- Insurance Trade Association
- NAICS
- Other Insurance Related Activities (52429)
- SIC
- Services-Membership Organizations (8600)
- akta.pro primary industry
- Technical Committees, Working Groups & Expert Panels (BPADANAB)
- akta.pro secondary industry
- Economic Research, Statistics & Policy Advisory (BPADAMAJ)
Keywords
Where AKI is headquartered
LocationHeadquarters
- HQ city
- Nairobi
- HQ country
- Kenya
- HQ region
- Africa
Offices1 record
Markets served
AKI business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Membership Fees: AKI operates as an industry association funded by membership fees from insurance companies operating in Kenya. As a consultative and advisory body for the insurance industry, it provides member services including research, training, awards, and advocacy.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
AKI product offering
Product offeringCore offering
AKI operates as a non-profit industry trade association representing insurance companies in Kenya, delivering member services including industry research and statistics, training programs, advocacy with regulators, annual awards, and consumer education. It also provides digital platforms such as the AKI e-Procurement Platform, Bima Yangu consumer mobile app, Claims Registration Application, and Virtual Motor Insurance Certificates to support the Kenyan insurance ecosystem.
Product overview
The Association of Kenya Insurers (AKI) is a professional industry association serving the Kenyan insurance sector. Rather than a single product company, AKI operates as an umbrella organization offering a portfolio of services including industry research and publications (AKI Journal, market reports), digital platforms for consumers (Bima Yangu App, Understand Insurance Portal, Pata Bima) and industry stakeholders (e-Procurement Platform), member services, training programs, and advocacy initiatives. The organization coordinates industry-wide initiatives such as motor insurance certificate verification,Fake insurance crackdown campaigns, and the annual AKI Awards program.
Differentiator
Problem solved
Functional benefit
Brands
- Bima Yangu: Self-service insurance mobile application launched by AKI for consumers.
- E-Procurement Platform
- Claims Registration Application (CRA)
Products and services
- AKI e-Procurement Platform Secure online platform for supplier pre-qualification and bid management, enabling transparent procurement processes for the insurance industry.
- Bima Yangu App Consumer self-service insurance mobile application launched to enable easy access to insurance services for Kenyans.
- Understand Insurance Portal Website dedicated to helping consumers learn more about insurance products and services.
- Pata Bima Consumer information portal helping Kenyans access insurance coverage information.
- AKI Journal Comprehensive insurance industry journal containing well-researched articles and professional opinions on insurance issues.
- Claims Registration Application (CRA) Mobile application launched to ease motor insurance claims process for customers.
- Virtual Motor Insurance Certificate Digital motor insurance certificate rolled out to the industry for electronic verification.
- Insurance Industry Market Reports Annual and periodic market reports on Kenya's insurance industry performance, including under IFRS-17 standards.
- AKI Awards Annual awards program recognizing outstanding achievements in Kenya's insurance industry.
Quantifiable outcome
- Insurance industry posted solid performance in 2024 as players navigated the second year of IFRS-17 adoption.
Companies that use AKI
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
AKI technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AKI partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered associate member, innovation, training and core.
- Continental Reinsuranceassociate memberContinental Reinsurance Company was admitted as an Associate Member during the 37th Annual General Meeting, expanding AKI's representation of reinsurance capacity in the Kenyan market.
- Caava VantagePoint AI (CVPAI)innovationAKI in partnership with Caava VantagePoint AI launched an Artificial Intelligence challenge for the insurance industry to drive innovation and technology adoption.
- ZEP RE AcademytrainingAKI in conjunction with ZEP RE Academy hosted a medical insurance workshop for industry professionals, providing specialized training on medical insurance topics.
- SCR Academy Re, MoroccotrainingAKI partnered with SCR Academy Re, Morocco to train insurance industry leaders on new financial reporting standards for insurance contracts, specifically IFRS-17.
- Moroccan Federation of Insurers and ReinsurerscoreAKI and the Moroccan Federation of Insurers and Reinsurers signed a cooperation agreement for knowledge sharing, training, and professional development between the two insurance markets.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
AKI competitors and assessment
Company assessmentBroad incumbents
- Insurance Information Institute (Triple-I): US insurance industry source for data, research, and consumer education; analogous to AKI's research, statistics, and consumer education mandate, but at far larger scale.
- Insurance Council of Australia: Australian insurance industry body representing insurers; comparable in mandate (advocacy, research, consumer education) to AKI but operating in a far more mature insurance market.
- LIMRA: Global insurance industry research and trade organization; comparable to AKI's research, training, and benchmarking activities, though operating at a much larger international scale.
- Association of British Insurers (ABI): The UK insurance industry trade association, structurally analogous to AKI but at much greater scale and maturity, serving as a benchmark for AKI's role.
- Insurance Regulatory Authority (IRA): Kenya's statutory insurance regulator that AKI partners with; an incumbent government body with overlapping scope in industry oversight, data publication, and consumer protection.
Regional players
- South African Insurance Association: Represents non-life insurers in South Africa; comparable trade-association structure for an African insurance market at a more advanced stage of development than Kenya.
- African Insurance Organisation (AIO): Continental umbrella body for African insurance markets; comparable to AKI in serving an insurance-industry-coordination function but at pan-African rather than national level.
Direct peers
- Insurance Institute of Kenya (IIK): Kenya-based insurance industry professional body linked from AKI's own website, offering training and professional development for the same Kenyan insurance market.
- College of Insurance (COI): Kenyan insurance training institution also linked from AKI's website, providing specialized insurance education for the same member base AKI serves.
- Moroccan Federation of Insurers and Reinsurers (FMSAR): Moroccan insurance industry federation and AKI's cooperation partner; directly comparable as a national insurance trade body with similar member services and policy advocacy functions.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks4 records
Key highlights5 records
Customer concentration
AKI social profiles
Digital presenceAKI financial estimates
Financial estimateRevenue estimate
Valuation estimate
AKI leadership team
Management profileNumber of profiles
Profiles2 records
AKI funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AKI M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AKI
What does AKI do?
AKI operates as a non-profit industry trade association representing insurance companies in Kenya, delivering member services including industry research and statistics, training programs, advocacy with regulators, annual awards, and consumer education. It also provides digital platforms such as the AKI e-Procurement Platform, Bima Yangu consumer mobile app, Claims Registration Application, and Virtual Motor Insurance Certificates to support the Kenyan insurance ecosystem.
Is AKI a public or private company?
AKI is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was AKI founded?
AKI was founded in 1987. It employs 11 to 50 people.
Where is AKI based?
AKI is headquartered in Nairobi, Kenya, in the Africa region.
How does AKI make money?
One revenue line is on record: membership Fees.
Who are AKI's main competitors?
Broad incumbents on record are Insurance Information Institute (Triple-I), Insurance Council of Australia, LIMRA, Association of British Insurers (ABI) and Insurance Regulatory Authority (IRA). Regional players are South African Insurance Association and African Insurance Organisation (AIO). Direct peers are Insurance Institute of Kenya (IIK), College of Insurance (COI) and Moroccan Federation of Insurers and Reinsurers (FMSAR).
Does AKI have an API?
No public API is recorded for AKI.
What industry is AKI in?
AKI's product category is Insurance Trade Association. Its primary akta.pro industry code is BPADANAB, Technical Committees, Working Groups & Expert Panels, with a secondary code of BPADAMAJ, Economic Research, Statistics & Policy Advisory. Its NAICS code is 52429 and its SIC code is 8600.