back Back

3 African InsurTech companies to watch out for in 2023

By Edlyn Cardoza

December 05, 2022

  • Africa
  • Agricultural Insurance
  • Cashback

Naked, Digital Insurance, Pineapple, Rewards, Cashback, Smallholders, Agricultural Insurance, Online Insurance, AfricaSince forever, insurance has been a valuable option for individuals looking to protect their loved ones from potential threats. The pandemic has further reinforced the necessity of preparing for the unexpected. However, the barriers to enrolment in any insurance are several, and with many complicated coverage options, the insurance industry is looking for a makeover.

Fortunately, tech-savvy insurance companies, commonly known as the InsurTech industry, have arisen to make the insurance landscape better. InsurTech companies leveraging AI and data science offer an improved user experience at an affordable price. They also help reduce the requirement for repetitive processes and tailor plans to each customer’s needs. As insurance companies work to offer better customer experience, InsurTech has enjoyed a steady rise to power.

Below are 3 African InsurTech companies to watch out for in 2023:

Naked is the future of insurance. They have rebuilt the entire process from the ground up to make insurance easier and quicker than ever before. Customers get a quote in 90 seconds, all online, and sign up instantly without ever having to speak to a call center agent. A fully digital insurance experience from sign-up to claims.

Pineapple allows you to insure your stuff and your car in the snap of a picture. They aim to maximise value, affinity, and simplicity in the insurance market by rearranging how insurance is conducted. You can claim your insurance in 30 seconds and get the total insurance in 90 seconds. If you have unused premiums, Pineapple returns them back.

Pula is an agricultural insurance and technology company that designs and delivers innovative agricultural insurance and digital products to help smallholder farmers endure yield risks, improve their farming practices, and bolster their incomes over time. Pula is radically restructuring insurance, using technology and parametric insurance to insure the previously unbanked, uninsured, untapped market of 1.5 billion smallholders worldwide.

Also read: Global Lending Vendors & Landscape Report Q2 2024

Previous Article

December 05, 2022

Tonik acquires TendoPay to expand its core lending portfolio

Read More
Next Article

December 05, 2022

Q2 helps Johnson Financial Group modernise its digital banking experience

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024


Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 15, 2024

Duck Creek Technologies delivers HDFC ERGO’s new core InsurTech solutions

Read More

July 12, 2024

GoCardless & ICE InsureTech to offer faster payments to insurance firms

Read More

July 05, 2024

AutoRek & JP Morgan Payments partner on insurance premium processing

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024