Timeline
All
Team
Regulator
Build
Money
Underwriter
SACCO
Team
18 Jul
Company registered
Private limited, two directors.
Regulator
22 Jul
Filed IRA broker licence application
Fit and proper forms, PI cover quote, paid up capital evidence.
Build
29 Jul
Core ledger schema locked
Append only event log, cover and premium ledgers derived from it.
Money
4 Aug
No premium trust account yet
IRA requires a separate client money account. Bank needs the licence first.
Blocking
Underwriter
8 Aug
Met Jubilee bancassurance team
Interested but want 500 lives before they quote. Not a no.
Build
11 Aug
Safaricom USSD shortcode application submitted
Quoted 4 to 6 weeks. Calendar time that can't be compressed.
Blocking
SACCO
12 Aug
Kawangware Stage 46 chair agreed to a pilot
Roughly 210 members. Verbal only, no MOU signed yet.
Regulator
15 Aug
IRA broker licence still not acknowledged
Submitted 22 July. Nothing since. Nothing goes live without it.
Blocking
Underwriter
15 Aug
Sent revised GPA proposal to Britam
Cut the benefit schedule to hospital cash only. Waiting on their actuary.