What we do
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Wanafunzi Insurance Agency composes of a group of university students spread across the public and private universities in Kenya who have come together with a common goal of creating a self-employment plan with an aim of raising an extra income through sale of insurance product and a future employment opportunity to the students.
Established in 2019, Wanafunzi Insurance Agency (WIA) is registered and regulated by Insurance regulatory Authority of Kenya. WIA recognize that insurance protect investments, enhances peace of mind of investor, mobilizes saving that enhances the living standards of citizens.
The agency has a massive footprint since it has a network of students who are contracted in the distribution of the insurance products across the country through all the institutions of Higher Learning in Kenya. Wanafunzi Insurance Agency ensures that the insurance carriers keep the promise to indemnify our clients.
Wanafunzi Insurance Agency was founded in 2019 as a complimentary service Company to Wanafunzi Investment Unit Trust Fund, a Wealth generation initiative for its members (Students) with its headquarters in Nairobi, Kenya. It’s a platform in which students are as sales team, a social responsibility of Wanafunzi Investment that not only improve students’ economic well-being but also gives them the job experience they will require when they finish their tertiary education. There will also be opportunity for employment on the insurance company. This will ensure that the skills in the university, combined with the skills in sales and marketing meets their savings for them to be able to be successful entrepreneurs.
The insurance sector in Kenya and Africa remains one of the least penetrated globally, yet it presents great opportunities for growth. Wanafunzi Insurance Agency ensures that the insurance underwriters (Jubilee Insurance Company, UAP Old Mutual, Heritage Insurance, AIG, ICEA Lion, & Sanlam) keep the promise to indemnify our clients.
We offer the following services:
- Onboarding of new policies
- Renewals of previous policies.
- Collection and Delivery of policies.
- Handling of claims
- Assisting with valuations chiefly for Motor Insurance.
- Negotiating better insurance rates.
- Offering need-based information and advisory on all Insurance products.
- Tailor made insurance solutions based on the client’s needs.
We have partnered with the leading insurance companies; Jubilee Insurance Company, UAP Old Mutual, Heritage Insurance, AIG, ICEA Lion, & Sanlam which are the most reputable insurance companies in the sector based on their claims processes that are transparent and reputable since they are fast and straight forward.
Youth Wealth creation opportunity. For students, “JISORT”, means when students sell insurance through Wanafunzi insurance agency, we give them 60% of the commissions, whereby they pocket 50% and 10% is for their basic insurance. They can as well use their commission as saving to cushion them after campus.
CSR Insurance-based products
For corporates who use Wanafunzi insurance agency, we offer 40% of the commission to go into CSR of their choice or offered to procure some CSR insurance-based products e.g. COVID Response and recovery activities, “Last Expense cover”, Compassionate or provident fund for employees.
To be the leading insurance agent in Kenya and beyond by offering the most convenient, efficient and timely services.
To be the most preferred platform for youth financial inclusion, investment and Opportunities in Kenya and beyond.
The vision and mission of Wanafunzi Insurance agency are complemented by five (5) key values:
- Integrity: Integrity forms the foundation of our Agency. We demand the highest level of ethics. We grow our agency based on interactions that promote mutual trust and respect with our stakeholders and partners. We strive to ensure the highest level of organizational effectiveness by continually reviewing.
- Excellence: We strive to continually raise our programs to a new level of customer experience. We encourage entrepreneurship and innovation in business, education, and social responsibility. We develop creative solutions to address challenges and to utilize opportunities. We believe that youth’s life should be continually improved and refined.
- Customer Focus: We are committed to achieve the highest level of customer satisfactory.
- Innovation: We believe in continues improvements in the conduct of our business.
- Stakeholder/Partner Responsibility: We value partnerships. We recognize the importance of working with other organizations to strengthen our supportive network. We value the input we receive from our partners/customers and strive to work together cooperatively and constructively for the betterment of all.
- To create employment opportunities for young people that will promote their wealth creation
- To sharpen their entrepreneurial/marketing skills and help the youth to understand their circumstances which prepares them for future undertakings.
- To increase the understanding and, therefore, penetration of the insurance across the country to protect our customers’ investments.
Board of Trustees.