">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Friday, January 22, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Business

Riovic is the Uber of Insurance

Shera by Shera
3 years ago
in Business, Startups, Tech
4 min read
0

Riovic is an on-demand insurance platform founded by Phiwa Nkambule. It works like Uber and Airbnb. Consumers who do not have insurance policies can buy protection where and when they need it without the assuming of responsibility to pay monthly premiums that comes with insurance policies.

Instead of paying monthly insurance premiums you can’t afford which also cover when protection is not needed, you can simply get protection when you need it. The insurance product is instantly accessible when you need protection. There are no unnecessary waiting periods between requesting a quote, getting a response, making your payment and signing your policy involved.

The policy is built by you as the customer. You choose the risks you need to cover for that period and only get charged for them.

It released its on-demand platform for financial services, labeled the ‘Uber of Finance’ in November 2015. The platform provided financial advisers, crowd investing and peer-to-peer insurance.

In 2016 the company became the Lloyd’s of FinTech and successfully launched this revised model to eliminate insurance brokers and companies in the underwriting process by directly connecting risk managers and risk underwriters. Also labelled the “Uber of Insurance”, Riovic pioneered “private investor backed insurance” where a private investor (or group of private investors) essentially steps into the financial shoes of the insurer, accepting a stream of certain cash flows in exchange for an uncertain future liability.

Riovic had a collaboration with New Zealand’s PeerCover and was admitted into South African Rand Merchant Investment Holdings’ (RMIH) incubator for next generation financial services companies which provides the company with working space. It is also a member of Facebook’s FBStart accelerator programme.

READ  Liquid Telecom Kenya connects Kenya Rural Roads Authority’s 48 offices to increase rural road delivery

In April 2016, it got nominated as the only insurtech company in the African FinTech Awards and also got listed on the African FinTech 100 list.

Related posts

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021
0

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021
0

Startup Guide to release of Startup Guide Nairobi

January 21, 2021
0
kplc

Kenya Power Rolls Out A Smart Metering Project Across The Country

January 21, 2021
0

For more information click here.

Readers 5,272

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Shera

Shera

Related Posts

Startups

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021
0
Startups

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021
0
Startups

Startup Guide to release of Startup Guide Nairobi

January 21, 2021
0
kplc
Tech

Kenya Power Rolls Out A Smart Metering Project Across The Country

January 21, 2021
0
Business

Customer Service Lessons From Leading Brands Including CarGuard’s Trevor Smith

January 21, 2021
0
123movies
Tech

4 Best Free Movie Streaming Sites In Kenya

January 21, 2021
0
Cheerful young businessman in round spectacles and formal wear, checks newsfeed on modern smart phone, connected to wireless internet, has happy look as recieves positive news from colleagues
Startups

TransUnion partners SA’s financial marketplace, Fincheck, to make the credit application process easier and less frustrating

January 20, 2021
0
Tech

Sophos Named Common Vulnerability and Exposure Numbering Authority 

January 20, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021

Startup Guide to release of Startup Guide Nairobi

January 21, 2021

Nokia C1 Plus now available in Kenya for Ksh 9,000

January 21, 2021
kplc

Kenya Power Rolls Out A Smart Metering Project Across The Country

January 21, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: