IRA Compliance Ready
M-Pesa Premium Collection
Broker Portal Included
Claims Automation
KDPA 2019 Compliant
About Our Insurance IT Practice

Insurance Software Built for
Kenya's Insurance Market

Kenya's insurance penetration remains below 3% of GDP — yet the sector is growing rapidly, driven by mobile-first microinsurance products, mandatory motor insurance, expanding medical cover under SHA, and agricultural insurance schemes. Most insurers in Kenya struggle with legacy policy administration systems, manual claims processing, and limited digital channels for premium collection and customer self-service.

Algosoft Technologies builds insurance management software tailored for Kenya's market — M-Pesa STK Push and Paybill for premium collection, USSD-based microinsurance enrolment via Africa's Talking, digital policy issuance, automated claims registration and adjudication, broker/agent commission management, IRA-compliant statutory returns, and KDPA 2019-compliant policyholder data management for motor, medical, life, agricultural, and travel insurance products.

  • M-Pesa Premium Collection — STK Push for instant premium payment, recurring Paybill for monthly deductions, and B2C for claim payouts — all auto-reconciled against individual policy accounts.
  • IRA Compliance — Automated statutory return generation, policyholder data registers, reinsurance treaty management, and actuarial data exports aligned with IRA's Insurance Act (Cap 487) requirements.
  • Claims Automation — Digital claims submission, automated document collection, assessor assignment, reserves management, approval workflows, and M-Pesa B2C claim payout disbursement — reducing claims TAT from weeks to days.
150+
Projects Delivered
10+
Years Experience
4.9★
Client Rating
47
Counties Covered
Policy Admin System Claims Management M-Pesa Daraja Broker Portal Customer App IRA Returns Underwriting Tools Africa's Talking KDPA 2019
Fixed-Price, Milestone-Based Projects
Post-Launch Support & IRA Updates
Request a Free Insurance Demo →
Insurance Software Solutions

Insurance Systems We Build
for Kenya's Insurance Companies

Policy Administration System (PAS)

End-to-end policy lifecycle management — quotation generation, proposal processing, policy issuance, endorsements, renewals, lapses, reinstatements, and cancellations for motor, medical, life, and agricultural insurance products.

Claims Management System

Digital claims registration, document upload, assessor/surveyor assignment, reserves management, approval and rejection workflows, M-Pesa B2C settlement disbursement, and statutory claims reporting for IRA.

Broker & Agent Portal

A web portal for licensed brokers and tied agents — quote generation, policy submission, commission tracking, commission statement download, renewal pipeline management, and client policy search and management.

Customer Self-Service App

An Android mobile app for policyholders to view their policies, pay premiums via M-Pesa STK Push, submit claims, track claim status, download policy documents, and receive push/SMS renewal reminders via Africa's Talking.

Underwriting & Risk Assessment Tool

Configurable underwriting rules engine for risk scoring, premium computation, acceptance/exclusion decision support, reinsurance cession calculation, and treaty bordereau generation for facultative and proportional treaties.

IRA Compliance & Reporting

Automated IRA statutory returns, solvency margin calculations, investment returns, premium revenue reports, claims settlement ratio reports, and policyholder protection fund levy computations — formatted for direct IRA submission.

Investment Guide

Insurance Software Development Cost
in Kenya — 4 Investment Tiers

TIER 01

Basic Policy Admin System

$20,000+

3–4 months
Policy Issuance & Management M-Pesa Premium Collection (STK Push) Basic Claims Registration Policyholder Database Renewal Reminders (SMS) Admin Web Dashboard

TIER 02

Full Insurance Platform

$55,000+

5–7 months
Everything in Tier 01 Full Claims Management System Broker & Agent Portal Commission Calculation & Statements M-Pesa Paybill Recurring Premiums IRA Statutory Returns Reinsurance Cession Management

TIER 03

Enterprise Insurance System

$120,000+

7–11 months
Everything in Tier 02 Customer Mobile App (Android) Underwriting & Risk Rules Engine Claims Settlement via M-Pesa B2C USSD Microinsurance Enrolment Multi-Product Insurance Lines Advanced Analytics & Reports

TIER 04

Omni-Channel Insurance Platform

$250,000+

11–18 months
Everything in Tier 03 iOS App + Web Portal + USSD AI-Assisted Underwriting Telematics Motor Insurance Integration Open API for Bancassurance Partners White-Label for Bancassurance Dedicated DevOps & SLA Support
All cost ranges are indicative estimates. Final pricing depends on number of insurance lines, policy volume, integration scope, and IRA reporting requirements. Request a free itemised quote →
Why Choose Algosoft

Why Insurance Companies in Kenya
Choose Algosoft Technologies

01

IRA Compliance & Insurance Act Knowledge

We understand Kenya's insurance regulatory framework — IRA statutory return formats, Insurance Act (Cap 487) compliance requirements, policyholders' compensation fund contributions, and solvency margin maintenance obligations.

02

M-Pesa Premium Collection Expertise

M-Pesa STK Push and Paybill for premium collection dramatically increases payment convenience for Kenyan policyholders. We build the full M-Pesa integration stack — collection, reconciliation, policy activation, and renewal management.

03

Kenya Insurance Market Depth

We understand Kenya's specific insurance products — mandatory motor (IRA-mandated), SHA/NHIF-complementary medical cover, AAR and corporate medical panels, Kilimo Salama-style agricultural insurance, and bancassurance channels.

04

Claims TAT Reduction

Claims turn-around time is the #1 driver of insurer reputation in Kenya. Our digital claims workflows — mobile submission, automated document validation, assessor dispatch, and M-Pesa payout — compress claims settlement from weeks to days.

05

Broker Network Management

Kenya's insurance distribution is dominated by licensed brokers and agents. Our broker portals give intermediaries real-time pipeline visibility, instant quotation tools, and transparent commission tracking — driving higher renewal rates.

06

Post-Launch Support & IRA Update Maintenance

As IRA updates its reporting formats and guideline requirements, we keep your system current. Our maintenance retainers cover compliance updates, M-Pesa API upgrades, security patches, and feature additions as your product line grows.

FAQs

IT Solutions for Insurance Companies in Kenya
Frequently Asked Questions

Algosoft builds a full range of insurance software in Kenya — Policy Administration Systems (PAS), claims management systems, M-Pesa premium collection integration, broker and agent portals, customer self-service mobile apps, underwriting tools, reinsurance management, USSD microinsurance enrolment, and IRA-compliant statutory return generation for motor, medical, life, agricultural, and travel insurance.
Yes. We integrate M-Pesa Daraja API for STK Push (policyholder pays premium with a mobile prompt), C2B Paybill (recurring monthly deductions), and B2C (claim payout to policyholder's M-Pesa). Premiums are automatically reconciled against the policy account and trigger immediate policy activation or renewal confirmation — with SMS receipts via Africa's Talking.
Yes. Our insurance systems are designed to meet IRA's regulatory requirements under the Insurance Act (Cap 487) — generating statutory returns (quarterly and annual), solvency margin calculations, investment portfolio reports, premium revenue and claims settlement ratios, and policyholder protection fund levy computations in IRA-prescribed formats.
Yes. Our claims management systems include digital claim registration (web, mobile, and USSD), document upload and validation, assessor/surveyor assignment and dispatch, reserves estimation, multi-level approval workflows, rejection with reason codes, and M-Pesa B2C settlement disbursement to claimants. All claims are tracked against IRA turnaround time requirements.
Yes. Our broker portals allow licensed insurance intermediaries to generate quotations, submit policy proposals, track policy status, view their client book, download commission statements, manage renewals, and submit claims on behalf of clients. The portal integrates with your core policy administration system and supports IRA's requirement for broker commission transparency.
Insurance software costs in Kenya range from $20,000 for a basic policy admin system with M-Pesa premium collection to $55,000+ for a full insurance platform with claims, broker portal, and IRA reporting to $120,000+ for an enterprise IMS with mobile app and underwriting tools. Omni-channel platforms start at $250,000+. Contact us for a free scoping and pricing session.
Our insurance platforms support multiple product lines — motor insurance (comprehensive, third-party, PSV), medical insurance (individual, family, corporate group), life insurance (term, whole life, endowment, credit life), agricultural insurance (crop, livestock, index-based), and microinsurance (low-premium USSD-enrolled products). Products are configured as modules within the core platform.
Yes. We build Android customer apps for policyholders — with features including policy summary view, premium payment via M-Pesa STK Push, digital policy certificate download, claims submission with photo/document upload, claim status tracking, renewal reminders, and direct messaging to your customer service team. Africa's Talking SMS integration ensures customers on basic phones also receive transaction confirmations.
Kenya's Insurance IT Partner

Ready to Modernise Your Insurance Operations?

From policy administration with M-Pesa premium collection to full enterprise insurance management platforms — Algosoft Technologies delivers IRA-compliant, M-Pesa-native insurance software for underwriters, brokers, and insurtech companies across Kenya's 47 counties.

Request a Free Insurance Demo View Our Projects

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