Quality insurance is gradually becoming the norm in Africa, thanks to the growing insurance technology sector. Today, a slew of new insurance startups is shaking up the sector. As a result, insurance businesses are becoming more customer-focused, easier to sign up for, and accepting micropayments. This increases the average African’s access to insurance. (Africa’s Top 10 Insurance Technology Companies)
The top African insurance providers are rarely found under one roof. This means that a single insurance firm can provide coverage for autos, health, agriculture, businesses, and even life. While this may make you hesitant to choose a brand, it is a significant advantage since when you join with one firm, you are guaranteed to have all of your insurance under one roof. This relieves the stress of having to manage multiple accounts and keep track of how they’re doing.
We’ll look at the greatest insurance tech businesses in Africa and the insurance services they provide in this article.
1. Tangerine Insurance Company
Tangerine Life is a Nigerian insurance firm that specializes in commercial and personal insurance throughout Africa. Automobiles, burglary, bonds, life, marine, fire, money, umbrella policies, personal things, and much more are all covered. Customers can pay for insurance via bank transfer, POS, or other online options, making it extremely convenient.
There are also flexible overdraft series available, allowing you to get your insurance as soon as possible. You can use their services on the web or through their app, which is accessible on Google Play and the Apple App Store.
2. Insurance Jubilee
In East African countries such as Kenya, Tanzania, Burundi, Mauritius, and Uganda, Jubilee Insurance provides a wide range of insurance services. Life, health, motor, life, pension plans, and general insurance are examples of these services. Jubliee also divides its offerings into categories for families, individuals, and corporations. As a result, each insurance has different payment schedules and claims. There’s a micro-health plan and an individual health plan, for example.
3. ETAP Assurance
ETAP insure is a Nigerian car insurance company that offers a variety of coverage options. You have the option of paying weekly, monthly, or quarterly. Theft of insured vehicles, third-party injuries or deaths, fire damage, and much more are all covered by comprehensive car insurance. They also have a flexible plan cancellation process that allows you to put your subscription plans on hold for a period of time.
The app allows you to keep track of your full claim history, plans, payments, and more. ETAP also has one of the quickest payments claim processing times in the country. If you’d rather not deal with car repairs yourself, you can choose any of the verified repair centers they’ve worked with.
Are you looking for immediate coverage for your personal belongings? Then you should check out this South African Insuretech startup. On-demand insurance for vehicles, homes, electronic gadgets, and personal stuff is provided by Jasure. You can pick and choose the precise products you want to insure using the app controls. As a result, their insurance policies are simple and adaptable.
You also pay for the days you activate your insurance, while the days you deactivate it incur no further charges. You may only pay for insurance with a valid debit or credit card right now. Visit their website for additional information, or download their mobile app from Google Play or the Apple App Store.
5 Assurance OKO
OKO crop assurance is the premier insurance provider for farmers, offering crop assurance to microfinance institutions, agricultural players, the government, and non-governmental organizations. This company combines satellite imaging and weather predictions to give farmers with low-cost insurance. Apart from flexible insurance, Oko also offers a package of services to educate and support consumers with informed registrations. In Mali, Uganda, and Luxembourg, you can use this service. It’s also simple to keep track of your applications and claims with this software.
Casava is a Nigerian insurance digital firm that focuses on providing customers with health and income protection. This digital insurance program allows you to guarantee your income so that you can receive unemployment benefits for up to six months if you lose your job. How much you pay for income protection is also determined by your income.
They also offer health insurance that includes telemedicine and access to partner hospitals. Accidents, emergency healthcare, testing and screenings, mother and child care, and so on are all covered by the insurance. Of course, you’d have to join a health-care plan. Unfortunately, health insurance is now only accessible in Lagos State, Nigeria’s hospitals.
WazInsure is a software service that helps insurance businesses streamline their efforts, moving away from microinsurance platforms. They offer data-driven insurance solutions that help make the insurance value chain more transparent and cost-effective. As a result, they provide a web gateway for handling insurance business as well as a mobile app enabling customers to check insurance policies, file claims, and renew payments. This Kenyan Insuretech firm also provides data-driven insights to assist consumers better analyze risks and make informed decisions.
Reliance HMO, a health insurance company in Nigeria, offers health insurance policies for individuals, families, and businesses. They normally let you choose from a list of over 1,500 hospitals with whom they’ve collaborated across the country so you can get medical help whenever you need it.
This insurtech startup offers a 24-hour customer support line, flexible payments that may be made monthly, quarterly, or annually, and a 20 percent refund if you don’t utilize the insurance. Use the web version or download the Reliance app to learn more about this health insurance provider.
Kakbima is a Kenyan insurance business that offers cutting-edge technology to insurance purchasers, brokers, micro-insurers, and insurers through a simple interface. This program assists brokers with customer quotations, binding, and services. This technology can help insurers manage risks, develop trust, and improve customer service. Individuals can save money by comparing insurance quotes from numerous suppliers, which is also geared for them.
There’s an open API for easy integration, as well as a configurable insurance platform. You can also use the customer portal and get insights.
AxaMansard is a Nigerian insurance firm that offers health, life, vehicle, and travel insurance to both corporate and individual clients. There are also small and medium business insurance plans available that cover the entire country. Take advantage of flexible health insurance options that connect you with partner hospitals across Nigeria. Loss of passports, flight delays, baggage loss, and medical crises are all covered by travel insurance.
You now have access to a new app that allows you to manage your claims and payments. A simple renewal process is also available via the app or web version. Insurance claims might take anywhere from 24 to 48 hours to process. You only need to fill up a form and share the necessary papers.
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Insurance tech businesses will continue to flourish in Africa, with the goal of making insurance more accessible. We hope you found this article to be informative. Please let us know which of these insurance firms you plan to use in the near future. (Africa’s Top 10 Insurance Technology Companies – celebrity jazz ug)