At a Glance
- Britam launches Kenya’s first EV insurance with battery protection and charging coverage.
- The policy supports the government’s 2025 e-mobility target of 5% new vehicle registrations.
- Comprehensive cover includes accidents, theft, political risks, and electric motorcycles.
Britam Insurance, part of Britam Holdings, a leading diversified financial services group, has launched a dedicated electric vehicle (EV) insurance cover in Kenya, underscoring its commitment to the country’s fast-rising green mobility market.
The move comes as Kenya positions itself as a hub for sustainable transport in Africa, with the government targeting EVs to make up at least 5% of new vehicle registrations by 2025 under its Draft National e-Mobility Policy.
The new product marks a first for Kenya’s insurance industry by directly addressing the unique risks of electric cars. One standout feature is a battery protection cover, designed to safeguard the most valuable component of an EV—the battery and motor system.
The policy also includes benefits such as coverage for home charging equipment, recovery services for stranded vehicles, and towing to the nearest charging station when batteries run out.
Britam drives sustainable transport with new policy
“This EV insurance cover reflects Britam’s innovation in addressing evolving mobility needs while advancing Kenya’s clean energy transition,” said James Mbithi, CEO of Britam General Insurance. “We are supporting sustainable transport while enabling the EV market to grow responsibly.”
Beyond EV-specific risks, the policy provides comprehensive motor insurance covering accidents, theft, fire, flooding, malicious damage, political violence, and terrorism.
Customers also benefit from courtesy cars, road rescue, and flexible premium payment plans, including monthly installments. The cover further extends to privately used electric motorcycles, a segment gaining traction in urban transport.
Sustainable future drives Britam’s latest move
The launch strengthens Britam’s sustainability agenda, following recent investments in renewable energy infrastructure. At its Nairobi headquarters, the group has installed three EV charging stations with six ports and a 183-panel solar carport to power clean mobility.
Britam Holdings, backed by Kenya’s elite investors and listed on the Nairobi Securities Exchange, operates across seven African markets including Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.
By introducing EV insurance, the company is aligning with government policy and accelerating consumer adoption of greener transport solutions, reinforcing Kenya’s status as a regional hub for sustainable mobility.
