NCBA adds motor insurance to LOOP app
The service was developed by NCBA subsidiaries LOOP DFS and NCBA Insurance and allows eligible customers with valid motor vehicle logbooks to complete the insurance process digitally.
Nairobi, Kenya - NCBA Group has expanded its digital reach by integrating private motor insurance into its LOOP app, enabling customers to conveniently compare quotes, purchase, and renew policies, as well as access policy documents within the platform. The service, developed by sub-saharan subsidiaries LOOP DFS and NCBA Insurance, allows eligible users with valid motor vehicle logbooks to complete the entire insurance process digitally.
Customers can select from three coverage options: Third Party Cover, Standard Comprehensive Cover, and Premier Comprehensive Cover. Third Party Cover safeguards against third-party injury or property damage, while Standard Comprehensive Cover extends protection to cover the insured vehicle against accidents, theft, and fire. Premier Comprehensive Cover provides the same benefits as Standard Comprehensive Cover, along with additional services.
NCBA Insurance Managing Director and CEO Stella Njung'e emphasized that the service aims to streamline the traditionally cumbersome process of acquiring motor insurance by condensing it into a single, streamlined experience within the LOOP App. The insurer believes this initiative could contribute to enhancing insurance accessibility in Kenya, where current insurance penetration rates are estimated at approximately 2.4 percent.
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