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Kenya’s Lami Raises $1.8 Million to Scale API Insurance Platform Across Africa
Africa’s insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- insurance, technology
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Launching India’s Microinsurance Revolution: How the Sector Can Build Upon Growing Customer Awareness Due to COVID-19
Since the start of COVID-19, customers in low- and middle-income countries like India have had an increased understanding of the value of insurance. But as Moin Qazi explains, typical insurance schemes are often unsuited for the unique needs of this population. He explores how microinsurance can better address these needs, and how providers and policymakers can capitalize on low-income customers' growing awareness of insurance's benefits – while navigating the business challenges of serving these communities.
- Categories
- Coronavirus, Health Care
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An Ironic Impact of COVID-19: Will the Pandemic Put Digital Health (Finally) on the Path to Reducing Health Inequalities at Scale in Emerging Markets?
The COVID-19 pandemic has sparked a digital health revolution, and Michal Matul and Niti Pall at AXA Emerging Customers say these shifts could help close the healthcare access gap in emerging markets. Based on AXA's work bundling digital health services into its inclusive insurance products across nine countries, they share key lessons on how telemedicine can sustain this momentum and become a viable option for eliminating health inequalities over the long term.
- Categories
- Coronavirus, Health Care, Technology
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Press Release: TLcom Leads $6 Million Series A in African InsureTech Platform, Pula
Nairobi, Kenya. 25 January 2021. Pula, an African InsureTech service provider startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6mn Series A fundraise. The Series A fund was led by TLcom Capital, with the participation of Women’s World Banking. The new investment will be used to scale up operations in the company’s existing 13 markets across Africa. Currently, Pula has impacted over 4.3mn farmers on the continent and the new funding will also help propel its expansion into Asia to power resilience and profitability for Asian smallholder farmers.
- Source
- Wimbart
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Documenting a Historic Year in Emerging Markets Business: Vote for the Top NextBillion Article of 2020
Like many of you, we're not sorry to see the end of 2020. But as we look back on this historic, tragic year, NextBillion would like to take a moment to appreciate the extraordinary work done by enterprises, NGOs, researchers and others in the emerging markets business sector. They have risen to the occasion in ways that can best be described as heroic – while sharing their insights in nearly 100 COVID-19-focused articles on our platform. Several of these pieces are included in our "Most Influential Article of the Year" contest, which launches today. We invite you to read these articles and vote for your favorites – the contest runs from Dec. 21 to Jan. 2.
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Insurance in the Age of COVID-19: The Pandemic Highlights the Need for a New Approach
With much of the world on lockdown due to COVID-19, many businesses are closing down – either temporarily or permanently – with devastating effects on individual welfare and entire economies. This has amplified the importance of insurance, says Kate Rinehart-Smit at Cenfri. She explores how the sector can make a greater impact – not only on the resilience of businesses and individuals, but on broader economic development.
- Categories
- Coronavirus, Finance
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Analysis: Revolutionising Nigeria’s Microfinance Landscape Through Insurtech
According to Augusto & Co’s estimates for the 2019 financial year, the insurance industry in Nigeria generated gross premium income (GPI) of N471 billion, approximately 12% higher than the preceding year’s GPI. Compared to other African countries like Kenya and South Africa with 2.9% and 14% respectively, insurance penetration in Nigeria is low.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Interview: How COVID-19 Will Affect Impact Investing in India
Geeta Goel, country director, India, of the Michael & Susan Dell Foundation, talks about the need for responsible capitalism
- Categories
- Coronavirus, Education, Investing
- Region
- South Asia
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