Insurtech
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News
[INTERVIEW] Lami’s Jihan Abass on Digital Revolution for Insurance Agents
The insurtech sector in Africa is rapidly evolving, driven by technological advancements and a pressing need for accessible insurance solutions. …
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INSURANCE
Kenyan health-tech M-TIBA cuts health claim approval time by 96%
M-TIBA, the Kenyan health tech empowering insurance companies through real-time data analytics and digital connectivity says it has reduced claim…
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News
APA, Hollard Health launch new digital health insurance solution
APA Insurance, in partnership with South African Insurer Hollard Health, have launched a new digital health insurance solution for households…
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INSURANCE
Britam targets insurtech and fintech startups with new incubation programme
Britam has launched Beta Lab, a new insurance innovation and acceleration programme to nurture budding insurtech and fintech startups. The…
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News
Nigerian mobility startup Treepz launches insurance program for car rentals in Africa
Treepz, the African car-sharing and rental marketplace is introducing an insurance program for car rentals in the continent. The program,…
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News
Kenyan insurtech Turaco acquires Ghana’s MicroEnsure to deepen affordable insurance coverage across Africa
Turaco, the Kenyan insurtech startup offering affordable insurance to users has acquired MicroEnsure Ghana from MIC Global. Under the deal,…
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News
YC-backed Curacel appoints Adam Jones to its advisory board
Curacel, a Nigerian YC-backed African insurance infrastructure startup has appointed Adam Jones to its advisory board to support ongoing growth across…
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News
Kenyan insurtech startup Turaco and Airtel Money launch low-cost hospital cash insurance product
Turaco, the Kenyan insurtech startup has partnered with Airtel Mobile and Prudential Assurance to launch a low-cost hospital cash insurance…
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News
South Africa’s AI-based insurtech startup Naked raises $17 million Series B round
There have been significant efforts to increase insurance uptake across Africa, where reports show a very low market penetration for…
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News
mTek and partners to provider insurance to 100k small scale vendors
Digital insurance platform mTek has partnered with Kyosk.app and Fin Africa to provide insurance covers to over 100,000 small-scale corner…
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News
More than 2 million Boda Boda riders in Kenya to benefit from affordable insurance
Boda Boda riders in Kenya will now be able to access affordable motor and personal accident covers thanks to a…
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Startups
All products purchased via Lipa Later will now be insured by insurtech firm Lami Technologies
Buy now, pay later (BNPL) company Lipa Later Group has partnered with Lami Technologies to offer its consumers affordable credit insurance…
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News
Michael Joseph appointed board chair of insurtech startup Pula
Former Safaricom CEO Michael Joseph has been appointed as board chair of Kenya agricultural insurtech startup Pula. The startup was…
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Startups
Kenyan insurtech startup Turaco raises $10M Series A funding
Kenyan insurtech firm Turaco has closed a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest…
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Startups
Kenyan insurtech Lami Technologies raises $3.7M to expand across Africa
Kenya-based insurtech startup Lami Technologies has raised a US$ 3.7m seed extension to expand its insurtech product across Africa. The…
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News
Kenya’s digital insurer mTek hits 65k registered users since launching in 2020
The level of insurance penetration in Kenya is way below the global average. According to a 2020 report by the…
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News
Kenyan insurtech firm mTek secures $3 million funding
On the heels of a recent $1.50 million (KSh 170 million) investment, Kenyan insurtech startup mTek has secured an additional …
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Startups
Power and Turaco partner to provide affordable insurance for gig workers across Africa
Fintech startup Power Financial Wellness has joined forces with insurtech firm Turaco to offer affordable health insurance products to its…
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INSURANCE
YC-backed Curacel unveils new platform to enable tech companies offer insurance
Curacel, a YC-backed African insurance infrastructure startup, has launched an embedded insurance product that will enable tech companies to offer…
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Startups
Kenyan insurtech startup Lami acquires Bluewave Insurance Agency for an undisclosed amount
Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency, another Kenyan-based insurtech startup for an undisclosed amount. Bluewave leverages mobile…
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BUSINESS
Riding-hailing platform MARAMOJA opens its API to Fintechs and Insurtechs in Kenya
Kenya’s Riding-hailing Platform, MARAMOJA Transport has opened its API to local fintechs and Insurtechs. Through a new partnership with Switchlink…
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Startups
Fintech Startup Kwara and Lami Technologies partner to provide insurance products for SACCO members in Kenya
Kenyan fintech startup Kwara has today partnered with insurtech company, Lami Technologies, to provide Savings and Credit Co-operative Society (SACCO) members in…
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News
Lami Technologies and Sendy launch per-trip insurance policy for transporters in Kenya
Kenyan insurance startup Lami Technologies and Sendy have today announced a new per-trip insurance policy for transporter in Kenya. The…
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News
Naspers Foundry leads $8.3m Series A investment in South African insurtech startup Naked
Naspers, through its early-stage tech investment vehicle Naspers Foundry, invested $8.3 million (R120 million) in Naked, the artificial intelligence (AI)-driven insurtech startup that…
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News
Three local InsurTech receive Ksh 1.25 million each from IRA, Prudential innovation hub
Three local startups have each received Ksh 1.25 million in cash awards from the Insurance Regulatory Authority (IRA) innovation hub…
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News
Kenyan Female Entrepreneur Raises $1.8M in Seed Funding for Lami Technologies
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has…
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News
Malian Insurtech startup OKO raises $1.2 million to bring innovative insurance to smallholder farmers across Africa
Malian Insurtech startup, OKO has closed a Seed investment of $1.2 million. The round was led by Newfund and ResiliAnce. Mercy…
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