Sendy, a Kenyan logistics startup has partnered with end-to-end digital insurance platform Lami Technologies. The partnership looks to offer Kenyan transporters simple, hassle-free affordable insurance products on a per-trip basis.
Most transporters move goods, commodities, and cargo across the country without any business-specific insurance – a feat that does not protect their business from the risk of the potential loss. Developing insurance products from the transport sector contributes to both financial and economic development through the digitization of insurance access to transporters safeguarding them from all risks of physical loss or damage.
Lami CEO Jihan Abass pointed out how the company is “working on spearheading the transition of digital insurance in Kenya.” She described the partnership with Sendy as a way to “provide transporters with access to affordable and relevant insurance products online.” Lami’s API platform offers businesses an “enhanced insurance experience.”
Transporters can now digitize their insurance policy requirements through Sendy’s online freight dashboard for shipment across the country or within East Africa to a tune of cargo value at US$45,277.
Sendy CEO Mesh Alloys described the collaboration as a way to deliver “speed and ease of digitalization” as a way for drivers to “ take advantage of a low-cost per-trip insurance policy.” In May 2021, Lami Technologies raised $1.8 million to scale its insurance API offering.