New cyber insurance solution equips companies with financial protection and expert incident response to navigate Kenya’s rapidly evolving digital economy.
APA Insurance launched APA Cyber Insurance, a robust solution designed to shield Kenyan businesses from the rising tide of cybercrimes. As digital threats grow in sophistication, companies face not just financial loss, but also reputational damage and stricter regulatory scrutiny. APA Cyber Insurance gives businesses the protection and expertise they need to stay secure in a digital-first world. The product is targeted at both large corporate clients as well as SMEs, and encompasses a simpler quotation and underwriting process.
With Kenya’s businesses constantly embracing mobile money, cloud computing, e-commerce, and digital services, cyber risk has become one of the most pressing operational and financial challenges. A single cyber incident can disrupt operations, trigger regulatory action, harm reputation, and incur significant financial losses. Today, data and IT systems are no longer just tools, they are core business assets that need to be safeguarded.
"Cyber risk is no longer confined to the IT department, it is a strategic and board-level issue," said Ashok Shah, Group CEO, APA Apollo Group. "As Kenya’s digital economy continues to expand, companies must strengthen their resilience to emerging risks. The launch of APA Cyber Insurance reflects our commitment to delivering relevant, forward-looking solutions that protect businesses and support sustainable growth in an increasingly connected world."
With regulatory frameworks such as the Kenya Data Protection Act (2019) placing greater responsibility on companies to safeguard the processes of information processing, storage and transfer, cyber insurance is becoming an essential component of enterprise risk management. APA Insurance’s latest offering aims to help Kenyan businesses navigate this evolving landscape with confidence.
