David kimwei

All about African Insurance markets& risk management.
Marine, Energy, Property & Aviation Insurance @RiskMindI

[David kimwei @DavidKimwei]

The year is 2023, we just got licence to open an insurance company, ladies and gentlemen this is how we are handling all your motor insurance claims. We are powered by AI, IOT,drones and aliens. Welcome to the future of insurance.

[David kimwei @DavidKimwei]

@jnjauu In Uganda for some days I realized I eat portions of a baby ,u are served huge portions at cheap prices and it's a proper diet which I couldn't finish.

[Alfred Mathu @MathuAlfred]

After 2 decades of climbing the corporate ladder, I walked away from my role as General Manager at Old Mutual Kenya.

This was a decision that puzzled many people, to many people it didn’t make sense. After all, most professionals spend their entire careers working towards senior leadership.

So why would anyone leave? The answer had everything to do with the purpose I was pursuing.

Over those 2 decades, I had the privilege of mentoring hundreds of financial advisors, building high-performing teams, and watching many people grow into successful professionals. It remains one of the most rewarding chapters of my career.

But somewhere along the journey, I realised something.

The higher I climbed in management, the further I moved from the conversations that had made me fall in love with this profession in the first place.

I missed the conversations with clients. The opportunity to sit across the table from someone, understand their dreams, their fears, their financial challenges, and help them build a plan that could genuinely change the course of their lives.

Management gave me the opportunity to lead people, but advising people gave me purpose.

That realisation changed everything. I began asking myself a question that was difficult to ignore: Was I simply managing a successful career, or was I fulfilling the calling that first brought me into this profession?

The answer became clearer with time.

So I made a decision that surprised many people. I stepped away from management and started Hisa Africa Insurance Agency.

From the outside, it looked like I was starting over. In reality, I was building on the experience i had gained.

The difference was that I was now free to focus on what mattered most, 𝐦𝐲 𝐜𝐥𝐢𝐞𝐧𝐭𝐬.

Instead of being limited to one perspective, I now had freedom to listen first and recommend what genuinely served each person’s needs without being confined to one solution.

Something remarkable happened after I made that decision.

The relationships I had built over the years became even stronger. Clients began turning to me not just for solutions, but for guidance on investments, retirement planning, protecting their families, and building long-term wealth

That trust naturally led to something I had never set out to chase

Clients began introducing me to their spouses, siblings, colleagues, friends, and business partners because they had experienced the value of honest, thoughtful financial advice firsthand. The greatest endorsement I could receive was hearing someone say, “You should have a conversation with Alfred.” Those simple referrals became the foundation of relationships that continue to grow today.

Looking back today, I don’t see my decision as walking away from success. I see it as walking towards significance.

[David kimwei @DavidKimwei]

@agnes_mukulu @MRallykam The only challenge is the working Capital requirements, however I feel it's something one can build up maybe start as micro insurer or health insurance broker then scale to insurer,nikirudi nakutafuta . Trying won't kill us.

[David kimwei @DavidKimwei]

@agnes_mukulu Whenever I see medical insurance I really think how resolution health insurance would look like today if it really survived ,they had easy to understand covers that had a good range of benefits .I miss them @MRallykam

[Osaretin Victor Asemota @asemota]

Now that the Ikorodu frozen-food shop brouhaha has died down, how can someone who wasn't rich before and is starting from scratch aspire to make $1m in Nigeria and remain liquid without going broke?

Two parts to this. Making money and maintaining a consistent level of wealth.

[David kimwei @DavidKimwei]

@Safaricom_Care check Dm please

[Sandeep Madan @Sandymadan]

I was invited to Kenya by @bharatthakrar (BT) to join his company @WPPScangroup in 2010.

BT and I disagreed on several issues over the years, but he was clear: keep the clients and the business growing, and he would not interfere but help you grow. He kept his promise. My team saw growth, I grew, and I worked the longest stint of my career at WPP Scangroup—13 long years. I made Kenya my home, made several friends, and built a life in Kenya.

[David kimwei @DavidKimwei]

@MRallykam Happy birthday and to many more .

[David kimwei @DavidKimwei]

@Kalasinga_ @ushuru_co_ke It's at this moment I knew have eaten money meant for taxes &learnt the need to engage professionals. Paying 25 percent tax of a whole year at once is just a costly error.

[Luis Garicano 🇪🇺🇺🇦 @lugaricano]

Countries get the cabinets they pay for. Singapore pays its Foreign Minister about S$1.1m, around US$800,000. The salary is benchmarked to 60% of the median income of the top 1,000 Singaporean earners. That is why you can get Vivian Balakrishnan, former eye surgeon and hospital chief executive, implementing @karpathy's external brain idea (link below). The speech shows deep understanding of AI and fills one with confidence about Singapore's future.

The UK Foreign Secretary earns roughly £165,000: the MP salary plus a ministerial salary of about £67,000. The ministerial part is frozen since the crisis and is down by roughly a third in real terms since 2010. This is what a junior Magic Circle lawyer earns.

Spain pays its ministers around €85,000. So you do not get a surgeon who has run hospitals. You get a party loyalist who has never run anything.

[Lennox Omondi @_lennoxomondi]

Niliquit 9-5 ilikuwa inanilipa 150k/month.
Imenitake two years for my company kunilipa 67k/month na nafanya kazi from 7AM to 11PM every day, na sometimes unapata uko na employees wanakupea the hardest time ever, na kuwafuta kazi ni even more expensive.

Every month uko na bills za kulipa in the millions, end month kila mtu ako happy isipokuwa wewe juu uko na another 30 days kuraise another million. Na imagine all this trouble ndiyo net salary yako ikuwe 50k

Sometimes doh haitoshi unasema wacha ulipe the employees alafu KRA utawatumia yao by 9th, unajaribu kupata loan bank inakataa juu hauna shamba ya security, inafika 15th unapata weird calls, unashika unapata ni KRA, unawaambia utawalipa next Friday, wanakuambia Friday haiwezekani, labda Thursday. Inabidi uongee with one of your clients akulipe mapema, anakusomea akikuambia biz haifanywi hivo but anaitikia eventually.
Next week inafika unalipa KRA, SHA,NSSF, Housing Levy. Unahave some peace kidogo only to realize that next week ni end month na this time uko na deficit kubwa kushinda last month, and the cycle continues.

Kama uko 9-5 na uko sawa, I can’t advise you to quit. Heri ujaribu entrepreneurship in parallel but usiquit job yako. It feels good when you tell people that you quit your job to pursue your dream but you also need to understand that your dream will take time before it starts paying the bills, and it might also die before you eat a shilling from it.

[David kimwei @DavidKimwei]

The best insurance policy is the one you never have to claim on.

[Engage @EngageKE]

When Dr. Esther Muchemi quit a top-tier audit firm, people called her crazy. She survived five years running a solo firm with 1 client from a tiny office. She then took an even wilder risk: opening a modest phone shop in Nginyo Towers. That single shop birthed the Samchi Group conglomerate. A raw, unscripted masterclass on walking away from spaces that don't value you to build your own.

Watch her full journey on the Engage Talks YouTube Channel.

[David kimwei @DavidKimwei]

@alexmwanzo A broker will say am pulling out my 3 billion premium clients and the whole claims department your are summoned by top management,we will sort the claims all of them even those that shouldn't be paid .An individual pulling cover of 100k even a junior claims officer won't shake .

[David kimwei @DavidKimwei]

@alexmwanzo Most insurers handle claims on priority which is sad .A broker will get 30 motor claims paid in day but as a direct individual you can't pull through even one in even a month . Insurers don't fear loosing individual clients at all after all they see as an expense .

[feyisayo 💸 @feyiszn]

The older you get, the more you realize luck is mostly exposure. If you sit in the same place, have the same routine, talking to the same people, nothing new really happens. You have to engage the world to win. Travel more. Talk to people.

[Naval @naval]

How to Get Rich (without getting lucky):

[Osaretin Victor Asemota @asemota]

“Someone” is too vague.

20-30 years old: Find a very good job in a place where you can get leverage to buy assets. Get married, save together. The other option is to start a business early but know that 99% of the time, it will die but the experience will be valuable.

30-40: Start thinking of starting a business from what you have learned. Find partners, mentors, funders.

40+ Enter politics.

Seriously, after 40 wealth is more about connections than effort. This is the time you cash in on relationships built over time.

Wealth is about relationships and compounding the benefits of those relationships. No matter how brilliant you are, nothing will bring you wealth if you don’t build relationships.

Friends have always opened the doors for me and recommended me to rooms where I made money from.