Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has teamed with Sendy Limited, a tech-logistics company, to enable transporters in Kenya to access simple, hassle-free, and affordable insurance products customized on a per-trip basis.
This partnership supports the logistic industry by digitizing access to insurance for transporters, protecting them against all risks of physical loss or damage from any external cause during transit.
Powered by Lami’s insurance API, transporters moving cargo will be able to swiftly digitize their insurance policy requirements on Sendy’s online freight dashboard for shipment across the country and within East Africa for cargo valued up to KSh5 million (US$45,277).
Jihan Abass, founder and CEO of Lami, said: “Lami Technologies is working on spearheading the transition of digital insurance in Kenya. By partnering with Sendy to provide transporters with access to affordable and relevant insurance products online, we are not only promoting the availability of freight insurance for transporters. But we are also connecting them to a wider customer base to increase the volume of their business transactions. Lami’s API platform is a powerful tool that offers businesses an enhanced insurance experience. Over the coming months, we look forward to further collaboration with our partners to continue delivering relevant insurance solutions that encourage businesses to operate more seamlessly and efficiently.”
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Sendy’s platform simplifies end-to-end logistics for businesses by connecting them to hundreds of transporters online. Transporters allocated a consignment will be required to access Lami’s embedded and automated insurance policies enabling real-time quotation, adjustable carrier liability on a per-trip basis, and faster claims process on receiving claims reducing inefficiency.
“Through this collaboration, we will be able to take advantage of the speed and ease of digitalization while also assisting our transportation partners by adding a cutting-edge technology that will enhance efficiency to their service offering. It also allows our transportation partners to take advantage of a low-cost per-trip insurance policy, which is in line with our approach of forming alliances that enable our partners to do more.” Mesh Alloys, founder and CEO of Sendy, said:
What You Need To know about Lami Technologies
Founded in 2018, Lami is a digital insurance platform that enables partner businesses – including banks, tech companies, and other entities to easily and seamlessly offer digital insurance products to their users via its API. Lami can also be used by partner businesses to manage their own insurance needs.
Through its API, users can get a quotation for motor, medical, or other tailored insurance products in seconds, then customize the benefits and adjust the premium to suit their needs, get their policy documents instantly, and claims are paid in record time.
Since its inception, the insurtech startup says it has sold more than 5,000 policies and has partnered with more than 25 active underwriters, including Britam, Pioneer, and Madison Insurance, distributing more than 30 products available including medical, motor, employee benefits, and device insurance.
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