Afrobility: Africa Tech and Business

#57: African InsurTech - How consumer insurance platforms are providing insurance across Africa

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Overview:  Today we’re going to talk about African Insurtech. We’ll discuss the consumer insurance landscape & analyze InsurTech players. This episode was recorded on October 17, 2022

Companies discussed: Reliance Health, BIMA, Naked Insurance, Pineapple Insurance, Amenli, Creditas, Minutos Seguros, Acko, Policy Bazaar, Casava Insurance, Lami, Curacel, Turaco, Amanleek & Avidea

Business concepts discussed: New product development, consumer market penetration & pricing strategy

Conversation highlights:

  • (01:20) Consumer InsurTech context
  • (12:30) Insurtech in other emerging markets - India
  • (23:40) Insurtech in other emerging markets - Brazil
  • (34:50) Insurance context in Africa
  • (47:17 ) Southern Africa startups
  • (1:02:20) Western Africa startups
  • (1:14:19) Eastern Africa startups
  • (1:24:34) Northern Africa startups
  • (1:31:42) Olumide’s & Bankole’s thoughts
  • (1:55:05) Recommendations & small wins

    • Olumide:

    • Interested in investing in Africa Tech : Read about Adamantium fund & contact me at [email protected]
    • Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me
    • Recommendations: Miracle morning (Hal Elrod), 5AM club (Robin Sharma), How I found freedom in an unfree world (Harry Browne) & Early retirement extreme (Jacob Lund Fisker)
    • 3 songs: Burna Boy - For My Hand (ft Ed Sheeran), Black Sherif - Second Sermon (Remix ft Burna Boy) & Craig David - I know you (ft Bastille) - Shoutout to my friend Jason Mothersill
    • Small win: House party with friends


      • Bankole:

      • Recommendation: Ku Lo Sa - Oxlade, HBO - House of Dragons & Facebook Love - Jaywon / Essence 
      • Small win: Africa Tech Mixer in New York
      • Other content: Baobab Network report on InsurTech & Standard Bank report


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        Afrobility: Africa Tech and BusinessBy Olumide Ogunsanwo and Bankole Makanju
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