{"id":2534,"date":"2022-11-28T12:55:02","date_gmt":"2022-11-28T11:55:02","guid":{"rendered":"http:\/\/africawomenexperts.com\/lng\/en\/?p=2534"},"modified":"2022-11-28T12:55:02","modified_gmt":"2022-11-28T11:55:02","slug":"jihan-abass-the-entrepreneur-democratizing-insurance-in-kenya","status":"publish","type":"post","link":"https:\/\/africawomenexperts.com\/lng\/en\/2022\/11\/jihan-abass-the-entrepreneur-democratizing-insurance-in-kenya\/","title":{"rendered":"Jihan Abass, the entrepreneur democratizing insurance in Kenya"},"content":{"rendered":"<p><strong>Jihan Abass, a young Kenyan entrepreneur, is known for innovating in Kenya\u2019s insurance. She founded \u00ab\u00a0Lami Insurance Technology\u00a0\u00bb to increase insurance penetration in Africa, as well as \u00ab\u00a0Griffin Motor Insurance\u00a0\u00bb to redefine car insurance in Africa. Recently, The New Africa magazine ranked her among the 110 outstanding African Women in 2022.<\/strong><\/p>\n<p>Jihan Abass left her successful career in finance, in London, as a trader, to set up her company to improve insurance access in Kenya by leveraging digital technologies. In 2018, she founded \u00ab\u00a0Lami Insurance Technology\u00a0\u00bb.<\/p>\n<p>Born in Mombassa in Kenya, she graduated with a Bachelor in \u00ab\u00a0investment and financial risk management, finance\u00a0\u00bb from Bayes Business school in London and an MBA from Oxford. She started her career in trading in London and worked as a commodities future\u2019s trader for a couple years. She traded, namely on the New York and London sugar markets. But after a short experience in finance, she felt unfulfilled and decided to embark into entrepreneurship in insurance.<\/p>\n<p>The idea of setting up an insurance company came to her, when a waiter told her once in a conversation that they did not have medical insurance. After some research, she discovered that less than 3% of people have access to an insurance in Africa, due in part to the lack of infrastructure to facilitate insurance distribution. In 2018, she started \u00ab\u00a0Lami Technologies\u00a0\u00bb in Kenya, an insurance company aiming at democratizing access to insurance to millions of low-income people in Africa. By digitalizing the entire insurance chain, the company aims at facilitating the process of getting an insurance and increasing the insurance penetration in Africa. The company also offers solutions to the entire insurance ecosytem, by allowing businesses sell the coverage customers need. In 2021, she acquired the Kenyan \u00ab\u00a0Bluewave insurance agency\u00a0\u00bb with the goal of reaching other African countries.<\/p>\n<p>Jihan Abass is also the founder of \u00ab\u00a0Griffin Insurance\u00a0\u00bb in 2020, a digital car insurance which allows, through a platform, to have an insurance within 2 minutes. It processes claims in a week\u00a0; gives customers the possibility to pay in installments or to stop their insurance when travelling abroad.<\/p>\n<p>Due to her commitment to improve insurance access in Africa, she was ranked recently among the 110 outstanding African women by the New Africa magazine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jihan Abass, a young Kenyan entrepreneur, is known for innovating in Kenya\u2019s insurance. She founded \u00ab\u00a0Lami Insurance Technology\u00a0\u00bb to increase insurance penetration in Africa, as well as \u00ab\u00a0Griffin Motor Insurance\u00a0\u00bb to redefine car insurance in Africa. Recently, The New Africa magazine ranked her among the 110 outstanding African Women in 2022. Jihan Abass left her [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/posts\/2534"}],"collection":[{"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/comments?post=2534"}],"version-history":[{"count":2,"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/posts\/2534\/revisions"}],"predecessor-version":[{"id":2537,"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/posts\/2534\/revisions\/2537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/media\/2535"}],"wp:attachment":[{"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/media?parent=2534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/categories?post=2534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/africawomenexperts.com\/lng\/en\/api\/wp\/v2\/tags?post=2534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}