07/05/2026
The conversations from last Thursday's AIBK Members Monthly Breakfast are still with us, and absolutely worth sharing.
A very warm thank you to our sponsor, Co-op Bank Kenya. It is your generosity and belief in what AIBK stands for that makes events like this possible.
The day began with a session by Prof. Chris Odindo, Insurance, Risk & AI Expert, who opened with a question that stopped the room: "If we can predict risk, what then happens to insurance?"
He showed us how AI has moved far beyond automation - it can now read, interpret and reason in full context, including policy documents. Wearables are already predicting health risk in real time, before a claim ever happens. The industry is shifting from reacting to loss to preventing it entirely.
For brokers: AI will not take your seat. It will make you a far more powerful professional. And Kenya's AI legislation is coming - Prof. Odindo is actively advising on it.
Then our sponsor took the stage. The Co-op Bank team didn't just show up with their name on the programme, they brought real substance and genuine partnership.
Nicholas Ithondeka, MD of Co-op Trust Investment Services Ltd., shared some impressive numbers: Ksh 508Bn under management, 21% market share, 2nd largest asset manager in Kenya, in an industry worth Ksh 2.6 trillion.
With this background, the discussions highlighted the power of innovative financing solutions offered by Co-op Bank in expanding insurance access for SMEs, opening new opportunities for brokers and insurers to support business growth across Kenya.
But what truly fired up the room was the Gen Z conversation. 75% of Kenya's population is under 35. Over 26 million Gen Zs control 60% of new mobile money, yet insurance pe*******on remains below 3%. They are mobile-first, demand full transparency, are not loyal by default, and a peer TikTok review carries more weight than any ad campaign.
A week on, two questions remain: are you moving on AI, and is your business truly ready for this generation? Tell us below.