Make good money

Got a Certificate of Proficiency (COP)? Turn it into a money machine. There are millions of Kenyans looking for insurance products and BimaExchange makes it easier for you to reach and convert this market. If you have a smartphone, tablet or computer, you’ve already got everything you need to get started. Register

Work when you want

Need full time gig for yourself or something to do on the side? As an independent agent with BimaExchange, you’ve got freedom and flexibility to work whenever you have time. Set your own schedule, so you can be there for all of life’s more important things. Register

No investment, no office, no boss

Whether you are looking to make this a career, you’re supporting your family or just saving for something big, BimaExchange gives you the freedom to work as a professional agent when it makes sense for you. Choose when you work, where you work, and the type of insurance you want to sell, anywhere in Kenya. Register


Opportunity for insurance agents

Start a smart agency without any investment
Interested in starting your own successful insurance agency without any investment? You’re in the right place. In fact, if you’re interested in partnering with BimaExchange or looking for an alternative to being employed as an agent with an insurance company, a broker or a bank, this guide provides information to help you decide on the right opportunity. Below you’ll get details about requirements and average earnings for each type of job.


How many insurance agents currently make a decent living?
Unfortunately, very few. Of an estimated 24,000 trained intermediaries in Kenya, only 6,000 make a living as independent insurance agents. That, as a ration to population, is 1 agent for every 7,800 people, compared to 1 for every 700 people in the more developed markets. We don’t have enough insurance agents in Kenya to increase the current 3% market penetration. The common employers of trained insurance intermediaries are insurance companies, banks, insurance brokers and other established insurance agencies.

But did you know that you could start your own insurance agency without investment and earn serious money by partnering with BimaExchange? Running your own agency with BimaExchange is a newer opportunity that has only been around since 2016. Despite this, it’s growing quickly because of the earning potential, flexible schedule and most important, BimaExchange handles all you back office functions (underwriting, policy delivery and claims processing) for you. Yours, as a partner agent is focus your full attention on selling and customer retention.

Let’s compare the difference between partnering with BimaExchange and working for an insurance company, a bank or broker, or on your own as an independent agent


Partnering with BimaExchange

  • Generate good leads on the BimaExchange platform
  • Set you own schedule and work when you want
  • Reach potential customers in person or remotely
  • Access instant insurance quotes from 20 top-rated underwriters
  • Complete proposal forms on your phone – no paper forms
  • Get your underwriting, policy document delivery and claims process handled for you
  • Earned commission as soon as the premium is paid
  • Track your sales and commission online 24/7
  • Every day is pay day – cash out your commission as you earn
  • Manage your customers
  • Regular agent development seminars and workshops for agent development

Work as agent for underwriter, broker or bancassurance

  • Work for an underwriter, bank, broker or insurance agency
  • Work under stress and the pressure to perform
  • Process proposal forms manually
  • Sell limited insurance products from a handful underwriters
  • Earn little or no commission after one month or longer

Work as an agent on your own

  • Find your own leads
  • Work under pressure to reach targets that are set by the insurance company
  • Process insurance proposal forms manually
  • Sell limited insurance products from the underwriter(s) you represent
  • Deal with logistics, policy delivery, claims and back office management on your own
  • Earn little or no commission after one month or longer


How much do insurance agent jobs pay?

This chart shows median earnings for insurance intermediaries in 2016 compared to what you could earn with BimaExchange. Because BimaExchange is a new way to make money selling insurance, the earnings figure is a projection based on average earnings of our current partner agents.

What are the requirements?

  • The applicant should have passed or been exempted from Certificate of Proficiency (COP) examination for Insurance Agents. The examination is offered by the College of Insurance.
  • Anyone currently employed in the insurance industry with at least 2 years of experience in the insurance underwriting field
  • A social media influencer with a significant following on twitter, Facebook, Instagram or Snapchat can qualify under our customer referral program.