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Browsing: Insuretech
- Kenya’s Bluewave Insurance Agency has announced plans to raise $6 million to expand into five new African markets to increase insurance penetration in markets characterized by low uptake.
- Company Founder and CEO Adelaide Odhiambo says the investment would be raised over the next three years.
- The insurer is partnering with Mobile Network Operators and banks to distribute affordable micro-insurance products, with plans to enter Uganda, Nigeria, Ethiopia, Malawi, DRC, Tanzania, Rwanda, and Zambia.
Kenya’s Bluewave Insurance Agency has announced plans to raise $6 million as the firm seeks to expand into five new African markets, aiming to increase insurance penetration in regions characterized by low uptake. Adelaide Odhiambo, Founder and CEO of Bluewave Insurance Agency, stated that the investment would be raised over the next three years to support the expansion plans.
Bluewave Insurance Agency’s new target markets
The company has forged partnerships with large aggregators, specifically Mobile Network Operators …
● Hospital Sente is available to all Airtel Money customer via *185*7*6#.
● Hospital Sente offers hospital cash pay out to beneficiaries upon inpatient hospitalization at
any accredited hospital for up to 10 nights within a policy year.
● The product offers a funeral benefit which provides cover to the member on death due to
natural or accidental causes.
Airtel Mobile Commerce Uganda Limited (AMCUL) has partnered with Prudential Assurance Uganda Limited and insurtech firm Turaco Insurance Brokers LTD to provide ‘Hospital Sente’, a low-cost hospital cash insurance product with Funeral Benefits, aimed at increasing access to insurance for underserved communities, and low-income individuals and families.
The cover aims to ease Airtel’s customers financial burden associated with hospital admissions and death. Hospital Sente offers beneficiaries with a cash pay-out if they are hospitalised. It is designed to provide affordable coverage for unserved individuals and families conveniently through Airtel’s Mobile money …