Big Data Analytics in Kenya and Insurance Sector

 

Here is a brief timeline of the development of big data analytics in Kenya:

 

2012: The Kenyan government launched the Open Data Initiative to make government data available to the public. The initiative aimed to encourage the use of data analytics in Kenya by providing researchers and businesses with access to large datasets.

 

2013: The iHub, a technology innovation hub in Nairobi, launched a data science and visualization lab to train developers in the field of data analytics. The lab aimed to address the shortage of skilled professionals in the field of big data analytics in Kenya.

 

2014: The Kenyan government launched the Big Data and Analytics Initiative to promote the use of big data analytics in various sectors, including healthcare, agriculture, and finance. The initiative aimed to create a pool of skilled professionals in the field of big data analytics and to provide support for research and development in the field.

 

2015: The Kenyan government launched the National Addressing System, a project aimed at collecting and analyzing data on every property and individual in Kenya. The project aimed to provide accurate and up-to-date information for use in various sectors, including business, government, and public service delivery.

 

2016: The iHub launched the Data Science Nigeria initiative to promote the development of big data analytics in Kenya and across Africa. The initiative aimed to provide training and support for data scientists and to promote collaboration between data scientists and businesses.

 

2017: The Kenyan government launched the National Information and Communications Technology (ICT) Masterplan 2017-2022, which included a focus on the development of big data analytics. The plan aimed to create a digital economy in Kenya and to promote the development of new technologies, including big data analytics.

 

2018: The Strathmore University Business School launched a Master of Science in Data Analytics program to train professionals in the field of big data analytics. The program aimed to address the shortage of skilled professionals in the field and to support the development of big data analytics in Kenya.

 

2019: Safaricom, the largest telecommunications company in Kenya, launched a new big data analytics platform called DigiFarm Insights. The platform aimed to provide farmers with data-driven insights to improve their farming practices and increase their yields.

 

Overall, Kenya has made significant progress in the development of big data analytics in recent years. With initiatives such as the Big Data and Analytics Initiative, the National Addressing System, and the National ICT Masterplan, Kenya is well-positioned to become a major player in the global big data analytics market.

 

Bigdata analytics

Here is a brief timeline of the development of big data analytics in the insurance industry in Kenya:

 

2016: APA Insurance, one of the leading insurance companies in Kenya, launched a new data analytics platform called APA Apollo. The platform was designed to help APA Insurance improve its underwriting and claims management processes by analyzing customer data.

 

2017: Sanlam Kenya, a subsidiary of Sanlam Group, one of the largest insurance companies in Africa, launched a new data analytics platform called Sanlam Data Analytics. The platform was designed to help Sanlam Kenya improve its underwriting and risk management processes by analyzing customer data.

 

2018: Resolution Insurance, one of the leading insurance companies in Kenya, partnered with IBM to develop a new data analytics platform. The platform was designed to help Resolution Insurance improve its underwriting and claims management processes by analyzing customer data.

 

2019: Britam Holdings, one of the largest insurance and financial services companies in Kenya, announced that it had adopted a new data analytics platform to enhance its underwriting and risk management processes. The platform, developed by Swiss Re, a global reinsurance company, was designed to help Britam Holdings improve its risk assessment and claims processing for its insurance products.

 

Overall, the adoption of big data analytics in the insurance industry in Kenya is still in its early stages, but there have been significant developments in recent years. With the implementation of data analytics platforms by companies such as APA Insurance, Sanlam Kenya, Resolution Insurance, and Britam Holdings, it is likely that more insurance companies in Kenya will adopt big data analytics in the coming years to enhance their underwriting, risk management, and claims management processes.

Author

 

Maryam Saeed Dogar

 

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