Browsing: Hollard

Africa Insuretech is booming deepening insurance uptake. www.theexchange.africa
  • IFC, DEG, Hollard, and Yellowwoods Invest $17 million in Naked to Boost Access to Insurance in South Africa
  • The IFC – Led equity Investment is aimed at increasing access to quality insurance products and services in South Africa
  • The combined investment will also support Naked’s strategy to expand its digital insurance offering, including to more first-time insurance buyers, and allow it to continue innovating to improve customer experience.

The International Finance Corporation (IFC) has partnered with the German Development Finance Institution (DEG), Hollard, and Yellowwoods to invest $17 million in South African insurtech company Naked to expand access to vehicle, home, and other insurance products.

The IFC-led equity Investment is aimed at increasing access to quality insurance products and services in South Africa

The combined investment will also support Naked’s strategy to expand its digital insurance offering, including to more first-time insurance buyers, and allow it to continue innovating to