Turaco, Africa’s tech-enabled affordable insurance company, today announced the acquisition of MicroEnsure Ghana, a pioneering microinsurance company from MIC Global. Under the deal, MicroEnsure will rebrand as Turaco Ghana and retain the expertise of the [c]
By David Muiruri The ability of artificial intelligence (AI) to process vast amounts of data with unprecedented speed and accuracy is transforming the insurance industry in Kenya. Through machine learning algorithms, underwriters can now analyze [c]
Airtel Money Kenya, Britam and Inclusivity solutions have partnered to introduce an unmatched suite of inclusive insurance solutions, specifically tailored to cater to the diverse needs of individuals and families. This strategic collaboration aims to [c]
One of the common pieces of advice you’ll hear from money saving experts is to regularly compare insurers, especially when it comes to things like car, household, and health insurance. There’s a good reason for [c]
Turaco, the African insuretech distributing affordable insurance, is proud to announce it has surpassed 1,000,000 lives insured. Turaco raised a $10m Series A in September 2022, and is using that investment to grow rapidly. Operating [c]
Insurance firm held first-ever East Africa Regional Awards, recognised 60 top agents with trophies, cash prizes, and local and international trips. By investing in Agent’s success and fostering a culture of collaboration and support, Old Mutual hopes to ensure long-lasting partnerships and mutual growth. [c]
Figorr develops IoT-powered solutions that complement existing infrastructure and assets to reduce or eliminate losses associated with the transportation and storage of temperature sensitive and perishable goods in Africa. The company’s solutions provide real time data on location, humidity, temperature and other key data points, enabling businesses and other stakeholders in agriculture, healthcare, logistics and other sectors across Africa to maximise the value of perishable and temperature sensitive goods such as vaccines, insulin and food. [c]
Swiss Re Foundation has announced a $500,000 grant for Africa’s insurance sector to spur innovation of insurance solutions for the underserved. The funding, to be distributed through the FSD Africa’s supported BimaLab insurance accelerator programme, [c]
Insurance broker, Zamara Group, has announced plans to invest Kshs 100 million to upgrade its digital capabilities and customer service. The company said the program includes upgrades in its operations and technology, including launching a [c]
By Nixon Shigoli Health, economic and social catastrophes including the recent coronavirus pandemic expose the vulnerability of individuals, families, businesses, economies, and nations to unforeseen but catastrophic risks. On a positive note, more people now [c]
CFAO Motors, the sole distributor of Suzuki cars in Nigeria, has partnered with ETAP, an InsurTech company that creates solutions and incentives to improve the automotive experience across Africa, to enable seamless access to insurance with every new [c]
On the heels of a recent $1.50 million (Kshs 170 million) investment which helped to unlock for Kenyan citizens greater, real-time access to health insurance, plus other general insurance products, Kenyan insurtech and digital insurance [c]
By Moses G. Kuria We live in a time where we are more health conscious than ever. The COVID-19 pandemic taught us that the unexpected can occur at any time and have a devastating impact [c]
Curacel, the African insurance infrastructure startup, has launched Curacel Grow, an embedded insurance product that empowers technology companies to seamlessly offer insurance as part of their existing products and services. The startup, part of the [c]
Like many other sectors of the economy, the insurance industry is facing disruptive innovation, with the impacts of the pandemic, economic uncertainty, rising unemployment and rapidly changing customer demographics and expectations forcing insurers to adapt [c]
Insurers’ use of predictive analytics to fight fraud has reached an all-time high, according to the latest insurance fraud technology study by the Coalition Against Insurance Fraud and analytics and AI leader SAS. The State of Insurance [c]
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