Medical underwriter AAR Insurance to shut its Tanzania unit

TANZANIA – Medical underwriter AAR Insurance has commenced the process of winding-up of its Tanzania business citing financial difficulties. The move comes just after the Kenyan business recorded a 55 per cent drop in performance for the year ended December 2020, attributed to high claims due to Covid-19 pandemic. In a memo to staff, AAR Health Care Limited Acting CEO Andrew Rowell said the firm has been facing financial difficulties “for some time” now worsened by the failure of the medical insurance model in Tanzania, the Covid-19 pandemic, and a…

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Health payment provider CarePay lends US$18.2m to private healthcare providers in Kenya

KENYA – CarePay,  a platform that supports private and public health plans with smart mobile health wallets to provide access to good healthcare has lent out US$18.24 million to private healthcare facilities last year, largely to fund acquisition of essential equipment and expansion. The loan facility, under CarePay’s medical credit fund (MCF), saw disbursements go up from about US$456204 per month by the third quarter in 2020 to more than US$3.65 million a month in the fourth quarter. “We used our data on medical care expenses made via our platform, M-tiba,…

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AAR Insurance unveils Unlimicare medical cover without sub-limits

KENYA – AAR Insurance Kenya has launched a medical insurance policy that allows patients to access treatment without sub-limits even in cases where a minor illness requires intensive treatment, report The Star. AAR is especially good news for mothers who will now enjoy maternity covers to the full cover limit unlike previously where the maternity benefit was capped to a minimal sub-limit.  Patients with chronic illnesses will also enjoy the full cover limit within the benefit purchased. AAR Insurance Kenya Managing Director Nixon Shigoli says AAR Unlimicare gives the unlimited…

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AAR Insurance launches M-TIBA, for clients to manage medical expenses

KENYA – AAR Insurance, a medical insurance in East Africa has launched a service that enables customers to manage medical expenses using their mobile phones reports CIO East Africa. The move comes as health insurers grapple with low uptake and rising cases of fraud and as the industry increasingly turns to technology as a distribution channel. The Platform is dubbed M-TIBA and is developed and managed by CarePay. It allows clients to access their medical benefits via their mobile phones, thus ensuring convenience and helps curb fraud by creating transparency…

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