Curacel, an AI-powered platform for claims processing and fraud management in Africa, has raised $450,000 pre-seed funding in a round to accelerate Curacel’s expansion across Africa and facilitate the goal of becoming Africa’s premier provider of embedded finance technology for...
Like all businesses, insurance companies see digital transformation as crucial to future survival and growth. Customer experience through personalization and automation is the external manifestation of this transformation. Internally, automation is key to efficiency. Implementing artificial intelligence (AI) and...
Allianz Africa is eyeing the agriculture insurance sector in Kenya and the East African region which they say is set to grow by 200 percent.
Allianz experts estimate that the value of the agriculture insurance segment to stand at $10...
Nairobi-based Pula Advisors and M-KOPA have received $1m and $300,000 respectively in grants from the African Development Bank for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance.
The grants, disbursed...
Wazinsure in Kenya aims at making it easier for insurers to administer their policies competently by providing Al-based insurance solutions which also reduces their operating costs. Wazinsure is an agnostic product established to deliver across numerous lines of business....
Medical underwriter AAR Insurance Kenya has revamped its digital suite with the launch of a mobile app as part of its strategy to become a branchless and paperless insurer.
The AAR Mobile App, downloadable on the Android Play Store and...
Resolution Insurance has launched its online self-service portal, a platform that will allow the firm’s customers to access its products and services in a faster and simplified way.
Dubbed “Resolution Now” the digital platform will enable the insurer to...
It is well known how important it is to have valuable things insured. Insuring houses and vehicles protect owners from hazards that may be unthinkable at the moment of acquiring the new goods. Being involved in a car accident,...
OKO, a crop insurance startup serving smallholder farmers in Africa is transforming communications with farmers across Africa to dramatically improve service delivery and provide enhanced customer experiences.
Present in Mali and Uganda, the crop insurance startup is using new technologies...
The quarantine season is here with us, and most of us are still working and therefore driving to work across counties or internally in Nairobi. Apart from traveling, a good number of Kenyans are still buying expensive devices as...
Takaful Insurance of Africa Ltd (TIA), an insurance company offering ethical and innovative products recently unveiled My Cyber Care insurance cover to monitor and protect personal digital assets in real-time.
Takaful, which provides a wide range of risk management and...
Equitel has announced the release of a new telephony bundle that offers customers both talk-time and insurance cover.
Equitel will offer its customers the budle for as little as Ksh 1,249 per month. These will see customers enjoy 500 minutes...
Pineapple, a South Africa–based peer-to-peer insurance provider, has won the top investment of $1.5 million at VentureClash Global Challenge, organized by Connecticut Innovations (CI).
Pineapple is the only startup from Africa that participated in the 2019 VentureClash competition, the $5 million global investment...
Careem, the Uber for MEA, has launched a global in-ride insurance programme to provide free in-ride insurance for both passengers and Captains in all 15 countries in which Careem operates.
With the deal, the firm would potentially pay up to...
Pineapple has been accepted into The Hartford Insurtech Hub more than a year and a month after the peer-to-peer insurance tech startup raised R5.2m from Lireas Holdings, the strategic investment arm of Hannover-Re Group Africa.
The Johannesburg-based startup will get to...
After hosting competitions in 16 countries in Africa in only five months, Seedstars World has identified the most promising startups in each country, highlighting local startup ecosystems.
These African startups will be representing their countries in the finals in...
InsurTech company OKO Finance is using satellite and mobile technologies to bring crop insurance to emerging markets. OKO uses satellite information to define the risk and create insurance products for farmers in emerging markets. These products are then distributed...
GreenTec Cpital, a Frankfurt-based Firm has made an investment into Kenyan insurance company, Bismart, a Pan-African blockchain-powered insurance tech startup providing a digital surface to offer insurance products and services across Africa.
Bismart’s vision is to enable every African to access...
DaktariPap, Swahili for emergency doctor is a Nairobi-based startup that has developed a unique Mobile, Web and SMS technology platform to connect rural farmers and agro dealers to credible and affordable vet, agronomy and insurance service providers bundled with innovative...
Did you know that 60% of small businesses fail within 6 months after they have been a victim of cyber-attack? At the same time, 55% of businesses that bring in less than $10 million in annual revenue report that...
Businesses in Kenya will now be able to operate in a safer online environment thanks to a range of cyber insurance solutions unveiled by AON Kenya.
According to AON Chief Executive Officer (CEO) Sammy Muthui, the move was in response...
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...
Seedstars World is a Switzerland based startup competition that takes place in emerging markets. As it has been quite obvious, Kenya has been involved in almost every startup competition that you could possibly imagine. As the seedstar competition began...
MTN Group and MMI Holdings, an insurance-based financial services player have launched aYo, a micro insurance solution for their customers across the Africa to increase penetration on the continent.
Commenting on the partnership, Herman Singh, Group Chief Digital Officer of MTN...
CyberSecurity experts have urged the insurance and banking sector to implement their security levels in Information Communication Technology (ICT) practices.
Currently over 20 million Kenyans access the internet through mobile devices, many of who use the same single device for...
Insurance leaders and experts will next week converge in Nairobi at a major conference that seeks to stimulate growth in the industry and among the major topics will be insurance emerging cyber risks and application of analytics in making...
APA Insurance in association with Citadel Micro Insurance today launched the Linda Salo micro-insurance product for workers in Kenya expected to provide financial relief to employees against loss of their jobs, hospitalisation or loss of life.
Linda Salo is designed...
Resolution Insurance is set to invest $3 million on technology to bring insurance services to the region’s 150 million plus people.
Speaking to TechMoran, Resolution Insurance’s founder and CEO Peter Nduati said, ”We will use the money to launch new...
Kenya’s Madison Insurance Company that specializes on Life, Health, Home, Business and Auto covers has announced it has incorporated a planning solution from SAP that is currently live beginning January, this year.
Personalized for Insurance companies, the Enterprise Resource Planning...