The competition, held in Nairobi, brought together actuarial students from universities across Kenya to develop innovative solutions addressing real-world challenges in insurance, risk management, financial services and economic resilience.
The sponsorship marks the implementation of NCBA Insurance’s purpose, “Banking on Belief, Empowering Ambitions – Ubuntu Spirit,” which focuses on creating opportunities for young professionals through mentorship, collaboration and sustainable skills development.
Students Showcase Solutions for the Future of Insurance
The ASSK Product Development Competition challenged participants to apply actuarial knowledge and problem-solving skills to develop practical solutions that can transform the financial services industry.
Through their projects, students demonstrated how actuarial science can contribute to stronger risk management frameworks, improved financial inclusion and sustainable economic growth.
ASSK continues to play a key role in bridging the gap between academic learning and professional practice by connecting students with industry experts and creating platforms for mentorship, career growth and hands-on experience.
NCBA Insurance Champions Youth Talent Development
Speaking during the event, NCBA Insurance Chief Executive Officer and Managing Director Stella Njung’e said the company remains committed to investing in the next generation of professionals who will drive Africa’s financial services sector. Actuaries today are innovators and strategic thinkers who help organisations navigate complexity. By sponsoring this competition, we are not only investing in the future of insurance but also living our purpose Banking on Belief, Empowering Ambitions,” she said.
Njung’e added that mentorship, collaboration and inclusivity are critical in building a sustainable future for young professionals and women across Africa. Read more about NCBA Insurance
Driving Innovation Through Change the Story Initiative
Through its Change the Story initiative, NCBA Insurance continues to support education, mentorship and innovation by creating platforms where young people can gain practical industry experience and develop solutions that address emerging challenges.
The company said its partnership with ASSK reflects its broader commitment to empowering young professionals to contribute fresh ideas and strengthen Africa’s insurance ecosystem.
Building a Resilient Insurance Industry
The competition highlighted the growing importance of actuarial science in advancing financial resilience, sustainability and access to insurance solutions.
By supporting mentorship and professional development, NCBA Insurance said it aims to help build a generation of skilled professionals equipped to lead the continent’s insurance and financial services industries with innovation and purpose.