M&A in insurtech – Lami Technologies acquires Bluewave Insurance Agency

Lami Technologies has acquired Bluewave Insurance Agency to leverage off from synergies and expansion in Africa. Bluewave Insurance Agency is micro-insurance insurtech company driven to provide services to the masses in Africa. The company was established by Adelaide Odhiambo and Wesley Kitinya and has full API integration with Safaricom in Kenya. Lami Technologies acquisition is expected to expand its presence in the insurtech sector in the DRC, Gambia, Malawi, Nigeria, Rwanda and Tanzania.

Lami Technologies is a Kenyan based insurance-as-a-service platform with an innovative technology that enables the distribution, servicing, and exceptional growth of sophisticated financial products for a large customer base. The company was established in 2018 by Jihan Abass and competes in the Kenya insurance sector which has more than 50 insurance companies and over 8,000 brokers.

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