Podcasts about microinsurance

Hello! Send us a quick text, comment or feedback. We would love to hear from youThe IBS Insurance Innovation Roundtable has become a convening ground for leaders across Nigeria's insurance ecosystem—insurers, InsurTechs, regulators, brokers, investors, and enablers—to engage in open, constructive dialogue on the future of insurance.The Roundtable emerged from the need to bridge the persistent disconnect between traditional insurance players and the innovation ecosystem.IBS Roundtable is an initiative of Grye and has been greatly supported by MyCover.ai & Nigerian Insurers Association (NIA)This summary was done by Google's NotebookLMCheck out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseriesJoin our IBS community on LinkedIn, Twitter, Instagram

SummaryGarance Wattez-Richard, CEO of AXA EssentiALL, discusses the transformative potential of inclusive insurance in addressing vulnerabilities, particularly in low and middle-income countries. She sits down with Raj Kumar to share her journey into the insurance industry, the evolution of microinsurance, and the importance of regulatory frameworks. The discussion highlights the profitability of inclusive insurance and its critical role in achieving sustainable development goals, especially in the context of climate change. Chapters00:00 The Risk of Vulnerability00:47 Revolutionizing Insurance for All01:37 A Journey into Development and Insurance06:45 The Evolution of Microinsurance11:41 Profitability in Inclusive Insurance14:50 The Risks of Insurance Solutions19:15 Regulatory Challenges in Emerging Markets23:07 Insurance as a Core Development Activity28:13 The Future of Insurance and Development Want to stay updated on the latest news in global development? Subscribe to Devex's Newswire: https://www.devex.com/newsletters/newswire 

Hello! Send us a quick text, comment or feedback. We would love to hear from youWe're continuing in the year with an insightful discussion featuring two leading voices in the #InsurTech space speaking on the State of Insurance & Innovation on the African Continent.Rahab Kariuki, Engagement Director at Busara, agronomist, and seasoned insurance professional with over a decade of experience across Africa. Her perspective? “The industry is moving.” But where exactly is it headed, and how can innovation steer its course?  Dr. Ikpeme Neto, Founder/CEO of Wellahealth, sheds light on the numerous untapped opportunities within the insurance industry. But how can we recognize and harness these opportunities in a constantly evolving landscape?  In this episode, we cover:  The trends shaping the future of #InsurTechinAfrica  Why Africans do not buy InsuranceHow innovation is driving inclusive and accessible insurance solutions   Embracing momentum and navigating the industry's growing ecosystem  Whether you're a seasoned professional or new to the industry, this conversation is filled with practical insights and forward-thinking ideas to inspire fresh perspectives.   Read the latest article on IBS Features here with Bryan FalchukCheck out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseriesJoin our IBS community on LinkedIn, Twitter, Instagram

Hello! Send us a quick text, comment or feedback. We would love to hear from youQuickfire Questions for Rahab Kariuki & Dr. Ikpeme NetoAI, big data, blockchain, super apps—hype or reality?Let's say you had a magic wand and could instantly fix one thing in Africa's insurance industry—what would it be?Which African country will lead in insurance innovation by 2030? The most important tech for the future of InsurTech? If you could describe your work in one word, what would it be?Read the latest article on IBS Features here with Bryan FalchukCheck out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseriesJoin our IBS community on LinkedIn, Twitter, Instagram

Hello! Send us a quick text, comment or feedback. We would love to hear from youOn this episode Folumy had the pleasure of chatting with the new General Manager, aYo Nigeria Nkiruka Okere on her career and journey into insurance, her mission for aYo in Nigeria and the interesting dynamics of their strategic partnership with Sanlam and MTN Nigeria.Nkiru describes herself as a customer-centric leader on a mission to help Nigerians get access to simple and affordable insurance coverage.Read the latest article on IBS Features here with Bryan FalchukCheck out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseriesJoin our IBS community on LinkedIn, Twitter, Instagram

Hello! Send us a quick text, comment or feedback. We would love to hear from youCube Cover recently held its launch event and hosted a timely discussion on insurance accessibility, challenges, lessons, opportunities and what the future holds. In this episode, Deji Macaulay CoFounder/CEO of Cube Cover sat alongside A'isha Mumuni, Chief Digital Officer at MTN Nigeria, Jumoke Odunlami, Chief Distribution Officer at AXA Nigeria and Habib Kowontan, Group Head, Wealth Products at PalmPay on a panel moderated by Damola Oloko to touch on the practical realities of solving financial inclusion, insurance adoption and penetration via mobile platforms like Telecommunications and Mobile Apps.Key TakeawaysMobile offers a very huge opportunity for driving insurance adoption with Mobile Network Operators (MNOs), mass market Fintech players being key players. Nigerians want insurance but barriers like education, long processes, high pricing & lack of Trust make it difficult to get one.Strategic partnership, collaboration is not negotiable in the drive to ensure more Nigerians have the protection, financial cushion they need when risk occurs.Micro-insurance plans are best for mass market approaches and mobile agent networks offer opportunity to make insurance not only more accessible but also relevant to everyday needs.This episode is sponsored by Cube Cover; an InsurTech startup on a mission to revolutionize insurance accessibility by seamlessly embedding innovative, affordable microinsurance solutions into everyday digital platforms.Read the latest article on IBS Features here with Rbo Galbraith Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseriesJoin our IBS community on LinkedIn, Twitter, Instagram

MIC Global, backed by $13 Million in funding, is revolutionizing the insurance industry through embedded microinsurance solutions. In this episode of Category Visionaries, Co-Founder Harry Croydon shares his journey from launching one of the first cyber insurance companies in 1999 to building a global embedded insurance platform that meets the evolving needs of the digital economy. Topics Discussed: The evolution of insurance technology from 1999 to present Surviving the dot-com bubble and post-9/11 market challenges The emergence of embedded microinsurance as a new category Building a global insurance infrastructure Multi-channel distribution strategy through brokers and insurance partners   //   Sponsors: Front Lines — We help B2B tech companies launch, manage, and grow podcasts that drive demand, awareness, and thought leadership. www.FrontLines.io The Global Talent Co. — We help tech startups find, vet, hire, pay, and retain amazing marketing talent that costs 50-70% less than the US & Europe.  www.GlobalTalent.co    

Welcome to Season Two!On the first episode of this new season we host a conversation with Jeremy Leach who is the Founder & Executive Director of Inclusivity Solutions; a leading #InsurTechinAfrica focused on micro and embedded insurance offerings to African customers.Join us to learn about Jeremy's journey into insurance and the evolution of Inclusivity over the years. This work also saw them win the Fintech & E-Commerce Award at  Viva Tech Africa Tech Awards 2024.Since this episode was dropped, Inclusivity has announced that they have served over 3 million customers across the markets they play.Hello! We would love to get your feedback. Send us a quick text Join our IBS community on LinkedIn, Twitter, Instagram Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries

We are gearing up for fresh conversations in season two of InsurTech Business Series Podcast. Subscribe now and join our communityHello! We would love to get your feedback. Send us a quick text Join our IBS community on LinkedIn, Twitter, Instagram Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries

This is a panel session from the first-ever #IBSConference in 2022 moderated by the new Deputy Commissioner for Insurance in Nigeria  (Technical) Ekerete Ola Gam-Ikon and featuring Richard Leftley ( Founder, Wavu), Sam Baddoo (Founder/CEO, Fleri), Eunice Maina (Founder/CEO, Bismart) and Opeyemi Osiyemi (Co-Founder, Claimsify).Hello! We would love to get your feedback. Send us a quick text Join our IBS community on LinkedIn, Twitter, Instagram Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries

Join us for an energetic chat with Cytandra Hoover, a rockstar in the world of microinsurance and a shining example of the strength that comes with balancing parenthood and a thriving career. We'll dive into the nitty-gritty of microinsurance (what is that anyway?), exploring how it provides affordable protection against unexpected challenges like climate change and natural disasters.But it's not all business talk – we're also pulling up a chair around the metaphorical kitchen table to discuss the real-life struggles and joys of being a single parent while juggling a successful career. Cytandra shares her journey, from navigating the complexities of international development to crafting insurance policies that truly meet the diverse needs of different communities.Get ready for a chat about:Why Cytandra decided to ditch the constant business travel and be there for her kiddo as he grew up.The wild ride of going back to the corporate world after spending ages working overseas in the international scene.How she took bits and pieces from each gig – you know, the international sector, the corporate hustle – to build up the skills she needed to kickstart her own business. It's a real talk about making moves and learning on the go!As we unravel these layers, one thing becomes clear – resilience is key, both in our personal lives and when it comes to innovating for social change. Tune in as we tackle these topics and more, facing the challenges of climate change head-on.Connect with Cytandra:LinkedIn = https://www.linkedin.com/in/cytandrahoover/Her Company = https://www.b3c-global.com/Support the Show and Rayna's Work to Elevate MidWest Women!Buy Me a CoffeeTheme song "Kick Turn" by Diego Martinez. Need help with your podcast or YouTube Channel? Connect with Rayna at the Ladies First Digital Media Company to get help producing your content. Email Rayna at rayna@ladiesfirstdigitalmedia.com and write "15-minute call" in the subject line to get started. If you love the show, please subscribe, share it with your friends, and leave us a positive review

A Dataset Showing Nigeria's Top 10 insurers by gross written premium (GWP) is giving analysts the encouragement to suggest emerging dynamism in the country's insurance landscape that could position it for enhanced growth and greater development. The data do not, however, show that insurance penetration in Africa's most populous country and its largest economy by gross domestic product (GDP) size, is about to improve, but a combined gross premium of N472.6 billion by the 10 top insurers is given comfort to analysts to suggest that something positive lies ahead for the industry. Analysts say the emerging dynamism in the Nigerian insurance market going by the dataset can be seen in the increasing growth of life business against a general business which is traditionally the industry's mainstay; the fact that indigenous insurers are still holding ground as far as industry leadership is concerned; that bankers have moved into insurance to dominate and bring banking industry Midas touch to the industry to give it a shakeout; and the data showing that the frontier for growth is in the composite model, while that of competition lies in microinsurance, Takaful and insurtech.

In our first podcast of 2024, Jamie Crystal, CEO of MIC Global, discusses with Matthew Grant their aim to close the insurance protection gaps by offering insurance products tailored to the needs of underserved individuals, including income protection, identity theft protection, and incident coverage.  MIC uses a business-to-business-to-customer (B2B2C) model and all of its products are embedded within other platforms or services. MIC offers insurance products in various forms including embedded insurance methods, aiming to make the process simpler and more relevant to everyday life. Crystal highlights the company's partnerships with brokers, digital platforms, and other insurance companies to distribute their coverage. The need for these products is global, Crystal insists, and not limited to specific demographics or regions. Key Talking Points Include: Understanding the concept of microinsurance The problem MIC is solving - access to affordable products The role of embedded insurance The future of MIC and the insurance industry Closing the insurance protection gap If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. Visit MIC Global here. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us hello@instech.co Continuing Professional Development - Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Explain what is the insurance protection gap and how it can be remedied Summarise how an embedded insurance product operates and how it can help consumers Identify key industries where there is an under-insurance problem and why that is the case If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 282 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Despite the challenges facing the Nigerian insurance market, microinsurance offers unique and exciting opportunities for both insurers and consumers, as well as the general economy, with its potential to reach millions of people excluded from traditional insurance products and other financial windows of the economy, multiple industry analysts have told Business a.m. The Nigerian market is rapidly expanding, with innovative new products and distribution models. For insurers, this represents an untapped market with significant growth potential, while for consumers, it offers a way to access much needed protection from financial hardship.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4581134/advertisement

For episode 41, we catch up with Dr. Ikpeme Neto, Founder/CEO of leading InsurTech/HealthTech WellaHealth on their work around solving the challenge of out-of-pocket expenditure for healthcare; a $7b market.In this episode, we venture into the often challenging terrain of global healthcare delivery, tackling thorny issues like regulation & market accessibility, and delve into how the diaspora could potentially unlock access to quality, affordable healthcare in Nigeria. The discussions don't stop there; we also scrutinize the importance of fostering trust within the insurance industry, and the potential impact of broad-scale education campaigns on changing people's perceptions and understanding of insurance benefits.Finally, we put the spotlight on the potential game-changer: embedding insurance into products. Dr. Neto enlightens us on the exciting challenges and opportunities that this concept brings, emphasizing the importance of understanding customer needs for creating bespoke insurance products. We also take a deep dive into how technology can be a game-changer in making insurance accessible, especially in emerging economies. Plus, you won't want to miss our conversation on the role of partnerships in making insurance more accessible and the potential of technology in creating new markets. Take a listen and discover how insurance can be transformed, one innovation at a time. Join our IBS community on LinkedIn, Twitter, Instagram Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries

In this episode, we delve into the transformative world of microinsurance in Africa, focusing on Motisure, an innovative InsurTech company based in Kenya. Join us as we explore how Motisure is closing the protection gap for commercial motorbike riders (Boda boda riders) through their unique microinsurance offerings, developed in collaboration with trade associations (SAACO).Damola & Folumy sat with Joel Macharia, the visionary founder of Motisure, to uncover their journey of leveraging technology, data, and human-centered design (HCD) principles to develop customized insurance products that cater to the specific needs of boda boda riders in Kenya. Together, we shed light on the significant impact of microinsurance in increasing financial inclusion and enhancing the livelihoods of this vital segment of the African workforce. Join our IBS community on LinkedIn, Twitter, Instagram Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries

On this episode we sit with Ted Pantone who is the Co-Founder/CEO of leading #InsurTech and microinsurance player, Turaco. Turaco has recently announced that they have insured 1m customers across the three markets they are currently in (Uganda, Kenya & Nigeria); the majority of whom are engaging with insurance for the first time.Ted shared in this episode his journey, his motivation and how he and his team are wow-ing low-income customers with simple, quality and affordable insurance coverage which they need by leveraging innovation, partnership and a customer first mindset.Join our IBS community on LinkedIn, Twitter, Instagram Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries

Krishna Hegde, Co-Founder of PYOR (Power Your Own Research) Before co-founding PYOR, Krishna worked at CoinSwitch, leading new initiatives and setting up CoinSwitch Labs (an in-house incubator for new products). He led the development of products and strategy for the ongoing transformation of CoinSwitch from a Crypto platform to a wealth tech platform. He graduated with a degree in Computer Science at BITS Pilani and has an MBA from Tuck School of Business along with being a CFA Charter Holder. Prior to CoinSwitch, Krishna has a track record of driving innovation in the Indian fintech space. He pioneered several financial products used by 10s of millions of users across Indian fintech platforms including Digital Gold, Postpaid, Microinsurance etc. Krishna has been invested in crypto since 2017 and has recently launched a Crypto Rupee Index for CoinSwitch. Before moving to Indian fintech in 2016, Krishna was a Managing Director and top ranked Research Analyst at Barclays Singapore. He was featured in Asset Magazine Hall of Fame 2016. --- Support this podcast: https://podcasters.spotify.com/pod/show/crypto-hipster-podcast/support

Listen to David Schraub, Senior Practice Research Actuary at the SOA Research Institute, talk about the recently published report "Microinsurance in a Nutshell: Only for Africa?"  The journey for microinsurance, nowadays called inclusive insurance, started a long time ago and is not complete in the majority of the low-income and low middle-income markets. When seeking to enhance inclusive insurance markets, it is useful and necessary to have a good understanding because it entails a different treatment of customers, distribution, products, pricing, client management, premium collection, claims declaration and settlement, and reporting. Report:  https://www.soa.org/resources/research-reports/2023/microins-in-a-nutshell/

In the episode, we sit with Tunji Andrews Founder/CEO of Awabah to discuss the interesting work Awabah is pioneering in the Nigerian Pensions space. Awabah is the first micro pension startup in Nigeria, working with Pension Funds Administrators (PFA) to offer pension services to gig workers, and underserved members of society from developers, influencers, and musicians to market women, general contractors etc.Awabah's mission is to help people outside of the regular 9-5 work model plan towards a financially safe and secure futureJoin our IBS community on LinkedIn, Twitter, Instagram Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries

Xolani Ngxanga: Guardrisk

Ted Pantone has done everything from water initiatives to impact investing. He even opened the first Pizza Hut franchise in Uganda.Today, the American expat is the CEO of Turaco, a microinsurance company that seeks to free people from the fear of financial shock. The company has headquarters in Kenya with a presence in Uganda and Nigeria as well.Ted joins the show to talk about his diverse career and to speak about the power of perseverance and faith in the midst of change.

Today's guest is a true pioneer in insurance and also in insurtech. In fact Richard Leftley, Executive Vice President of MIC Global has had about fifteen years head start on many of the other others in that game. As a trailblazer in microinsurance in the developing world, where premiums per customer can often be measured in $single digits, Richard learned right away that without a digital-first approach you are going to get swamped by the expense ratio and you won't have a viable product. As technology and robust data sources have advanced so the microinsurance opportunity is finally coming into its own. But what's particularly exciting is that it turns out the hard operational lessons learned from that tech first, very high volume, low individual premium microinsurance experience are transferable to the high-growth emerging embedded insurance applications in the gig economies of today's most developed countries. And now that MIC Global has been given in-principle approval for a syndicate in a box at Lloyd's it seems poised to benefit from strong growth in both of these incredibly different worlds. Richard is passionate and eloquent and really knows his business inside and out. There is a lot you can learn from him and I can highly recommend a listen today. LINKS: We thank our naming sponsor AdvantageGo: https://www.advantagego.com/ We also thank Claims Direct Access (CDA) for their support today: https://www.claimsdirectaccess.com/

In this episode we have a chat with Gigaloluwa Ilori former Head of Strategy Execution at AXA Nigeria and Founder of Agnosys Health, a healthtech company based in Nigeria and focused on providing quality home healthcare services to Nigerians.Our conversation with Giga touched on his experience in the insurance industry, his interest in Healthcare and how technology, innovation and collaboration can help propel the Nigerian Insurance industry to new heights in 2021 and beyond.Join our IBS community on LinkedIn, Twitter, Instagram

Agricultural microinsurance startup IBISA raised a seed round of approximately $1.70 million led by London-based Insurtech Gateway, with participation from Rockstart's AgriFood fund and others.

Agricultural microinsurance startup IBISA raised a seed round of approximately $1.70 million led by London-based Insurtech Gateway, with participation from Rockstart's AgriFood fund and others.

In this episode, I speak with Gustaf Agartson, founder and CEO of BIMA, a microinsurance and healthcare provider. Gustaf talks about seeing the need for e-wallet enabled financial services, launching BIMA in Ghana 11 years ago, and leading the company's emerging market expansion across Africa, South Asia, and Southeast Asia, as well as branching out into new customer offerings like tele-medicine and health screenings. Gustaf also talks about how BIMA's insurance can cost as little as 2 USD cents per day. Today, BIMA serves 25 million customers across 9 markets and is continuing to expand. You can learn more about them by visiting bimamobile.com. If you know an entrepreneur or startup who would be a great guest on The Green Room or is fundraising, don't hesitate to reach out to Amrita at greenroomfintech@gmail.com. --- Send in a voice message: https://anchor.fm/greenroomfintech/message

Adelaide Odhiambo has received unrivaled experience in designing both Conventional and MicroInsurance products in the market. Adelaide Odhiambo's vision is to use this experience to eradicate poverty and at the same time play a key role in improving Insurance uptake and penetration. Get insurance very close to the people who need it most. The mass-market faces the highest level of risk in Africa but has the least access to insurance. Typical barriers to insurance are Cost, Accessibility to insurance, Trust and Understanding of how Insurance really works. To tackle mass-market insurance the above barriers MUST be overcome. Adelaide Odhiambo is creating innovative solutions to meet this untapped demand, drive customer value, and expand financial inclusion on an unprecedented scale for African customers. Adelaide Odhiambo seeks to position Insurance not just as a risk mitigation tool but a channel to grow revenue inbusiness. Insurance has struggled with low penetration for years, Adelaide Odhiambo intends to increase penetration by creating a range of innovative solutions that will attract the masses and also create a channel to bring the retail consumer closer to an insurance ‘self-service' solution. Adelaide Odhiambo's experience has led me to work with some of the Top brands globally. Listen in! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/techforgranted/message Support this podcast: https://anchor.fm/techforgranted/support

Michael McCord is a Principal and Managing Director at the MicroInsurance Centre in Milliman's Appleton, WI office. With over 25 years in the industry, Michael saw a growing demand for insurance for low-income individuals, but very few resources to support them. This market is vastly underserved because their needs are different. When thinking about how to service this demographic, the insurance industry needs to take on a complete paradigm shift. Michael explains why in this week's episode.   Key Takeaways A little bit about Michael and what he does for Milliman. Very quickly, Michael realized that when low-income people did better and started moving up the ladder, a small disaster would occur, and they were right back on the breadline. When Michael, who has spent time throughout Africa, went to suggest the concept of insurance to help the people of Uganda, his idea was rejected. Michael has spoken to different types of executives in this field, the reason why so many companies target the “upper market” is because they don't know how to access this lower-margin market and help more people. How do you define microinsurance? Selling insurance to low-income people has a lot of moving pieces. This means you have to be on the ground and talking to people to really understand their unique challenges. Michael lists some of the challenges with serving this particular market segment. There are four pillars to making microinsurance successful. Michael shares a bit of back story as to why. The reality is, there isn't enough money in these policies. The margins are low, but you make up for it in volume. Is there more of an acceptance from regulators on the need for microinsurance? Michael shares an example of why a freemium model doesn't work in this space. Michael breaks down how the insurance industry has to think differently for this demographic by sharing some common challenges people are running into, and how microinsurance helps fill that gap. Michael is doing a women's risk insurance profile in Kenya. He shares some of his insights so far. Climate change is a real problem. Michael is seeing first-hand the impacts of it and the people who deeply depend on agriculture to survive. What does Michael wish he'd known about at the beginning of his career?   Keep Getting Better Frm.milliman.com Michael on LinkedIn   Quotes   “Microinsurance is specifically designed for low-income people. This is an active piece of the insurance continuum.”   “We're going to do a $500 policy for low-income people. How do we operationally do that differently? It's a paradigm shift. Low-income people need money within hours, [not days/weeks].”   “We have to define microinsurance with regulators, how to distribute it, who can distribute it, what technology they can use. We need to get all four of those pieces and if we don't do a piece of that, then it will always fail.”

David Brear is joined by a fantastic panel of guests to take a deep dive into microinsurance. Microinsurance provides some financial safety for people who live in poverty, but what does it actually include, what markets are in need of micro insurance, and how do you reach people who live in emerging markets and might not have access to the internet, a TV or a smartphone? We answer all of these questions and much more. Joining us today are: * Itumeleng Kgafela, Head Actuary, BIMA (Milvik) * Katharine Pulvermacher, Executive Director, Microinsurance Network All that and much more on this week's episode of Insurtech Insider! Subscribe so you never miss an episode, leave a review on iTunes and every other podcast app. Spread the insurtech love by sharing or tweeting this podcast. This episode of Insurtech Insider was produced by Hanna Samuelson and edited by George Sztuka. Special Guests: Itumeleng Kgafela and Katharine Pulvermacher.

Kundan is the founder and CEO of LegalPay, a tech-based B2B litigation finance company. He is also the founder of a litigation finance platform called advok8, in which he excelled in ample investment methods related to litigation finance. He is a specialist to write articles on various topics like Private Equity, Alternative Investment, FinTech, Payment, Credit Risk, Legal Insurance, Microinsurance. Kashish is the CIO of LegalPay and a founding member of a food & beverage start-up. He is an investor, mentor, and guest speaker with a previous experience of PwC in Goldman Sachs. ---------------- Know more about us:https://www.thebuildersclub.me/ We hold Watercooler Chats every Saturday - This is an interactive voice chat we have as a community about a topic with an industry expert. Join the discussion here:https://discord.gg/rvMNmVHb7k Get notifications of all TBC events right on WhatsApp:https://bit.ly/3vkIVDt

Harry Croydon is co-founder of Micro Insurance Company (MIC) and is CEO and President of STP Group Holdings. MIC was started to create simple insurance products built around technology based on the principles of straight-through processing. Micro Insurance Company currently operates in 12 countries offering policies to many people living in the third world. On this episode, Harry and Chris deep dive into InsurTech and how Harry is working to make insurance available to a TAM that either can't access coverage or has never even heard of the concept of insurance. They also talk about building a remote team around the world and the leadership struggles that follow such a task, Culture Index, and more. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ (02:23) - Harry's Background and Career in Tech & InsurTech (06:02) - “Doing One New Thing at a Time Instead of Three or Four.” (07:36) - Why is the insurance industry so slow to adopt new technology? (08:50) - What is Microinsurance.com? (11:16) - What are companies currently doing that don't have insurance? (13:16) - Is there one over-arching policy that gig workers sign up for or is there a menu-style of coverage the individual chooses from? (14:43) - Is there feedback with consumers to help you decide what kind of coverages might be needed that you don't already offer? (15:57) - How does your underwriting process work? (18:46) - Do you need to learn the nuances of each countries different culture that you operate in regards to insurance? (21:06) - Are there people out there who have no concept of insurance? (22:22) - Transparency in Coverage (23:28) - How do you determine countries that you want to operate in? (24:16) - Is there one playbook that gets you started in a new country or is it different every time? (25:39) - What is the craziest thing that you insure? (27:47) - Why aren't there many businesses set up to prosper globally? (30:03) - What are you doing with technology that sets you apart? (32:34) - Does everyone in your markets have access to at least a flip phone? (33:27) - How is your tech team set up? (34:53) - Do you believe that you can long-term create great relationships over Zoom? (35:45) - What is your day-to-day like as the CEO? (36:36) - How do you think about Culture Index in the companies you run? CultureIndex.com (38:57) - Do you think about ‘Float' at all in your business? (40:13) - How are you capitalized and how do you think about capital when growing? (41:03) - What's the end goal for the company? (42:30) - How do you think about the process of working on yourself as a leader and the people you surround yourself with?  (44:14) - Is there a great learning experience you can share from years of starting businesses? (45:43) - Did you start this business with people you've started other companies with? (46:41) - Is there going to be big impact on your industry due to Covid? (48:46) - What's one thing you believe in that most around you do not? (49:25) - What's the best advice you've ever been given? (49:46) - Is there a book that you recommend? Thriving on Chaos by Tom Peters Rocket Fuel by Gino Wickman (50:56) - How can people find your business? Harry Croydon on LinkedIn microinsurance.com The FORT is produced by Straight Up Podcasts

In this episode, we are joined by Marjorie Ngwenya who wears so many hats these days. She is a Past President of the prestigious Institute and Faculty of Actuaries, a leadership Coach, an Actuary by profession, an Author, Speaker and currently a Board Member of Tangerine Africa.We delve into her background and experience in the insurance space and also explore the current landscape as well as the future of the insurance industry.Want to reach Marjorie? marj.coach@gmail.comJoin our IBS community on LinkedIn, Twitter, Instagram

Nonso Opurum is the Founder and CEO of Nigerian InsurTech startup SOSO Care who are providing Nigerians with access to quality healthcare by leveraging micro health insurance and alternative premium financing options like collecting Recyclables.Their aim is to get more Nigerians insured especially those in the low-income bracket and are looking for partners to help them grow.Email: nonsoopurum@gmail.comWebsite: https://sosocare.comOffice email: support@sosocare.com

In today's episode, we are joined by two women pushing, reshaping microinsurance in Ghana and Kenya. Leona Abban (Country Manager, MicroEnsure Ghana) & Wairimu Njoki (Country Manager, MicroEnsure Kenya) shared with us their experience, the regulatory landscape in their countries and strategies they are employing in order to scale simple and affordable insurance products. Watch the IBS Women In Insurance Webinar featuring Adeolu Adewumi-Zer, Marjorie Ngwenya, Jihan Abass, Rahsidat Adebisi and Bimbo Onakomaiya: https://m.youtube.com/watch?v=EKKcQGG8zMU&t=460sJoin our community on LinkedIn, Twitter, Instagram

Having played in the microinsurance space in Africa for almost two decades, Richard Leftley is an authority on the topic. In our episode today, we ask him about the challenges so far, opportunities that still abound through innovation and technology and what models he has tried and which one has worked.Richard is Executive Vice President, Micro Insurance Company which was formally MicroEnsure.Register for the IBS Women In Insurance Webinar: https://www.linkedin.com/events/womenininsurance-untappedvaluef6780435943951335424/Watch our Anniversary Event: https://youtu.be/icXYVl81VJY

On this Episode we sit with Saurabh Sharma who is the General Manager, Microinsurance at one of the biggest insurers in East Africa, Britam. He shares with us his thoughts on how best we can scale insurance on the continent, how Britam is going about that by leveraging ecosystem partnerships & technology and also their journey to profitability.Connect with him on LinkedIn: linkedin.com/in/saurabh-sharma-60254160Watch our #IBSWebinar on Agribusiness in Africa: https://youtu.be/V9TcmuHC6wEFollow us on LinkedIn: https://www.linkedin.com/company/insurtech-business-seriesDon't forget to click that follow button.

01:23 Starting where insurance stops – the mandate for AXA Emerging Customers(Find out more about AXA Emerging Customers here)03:26 How COVID has exposed the vulnerabilities of emerging customers…04:22 …and forced us all to take a crash course in health management06:03 What is different about women's insurance needs and preferences?(You can read more in the brilliant “She for Shield” study from AXA, IFC and Accenture)08:45 Debunking myths about women as insurance customers. Myth #1: Women are more loyal09:50 Myth #2: Women are risk averse10:29 Myth #3: Women are less fraudulent10:54 What it means to serve women as decision-makers14:13 The product changes that make a difference for women16:19 Putting these lessons into practice to serve women in emerging markets 19:57 Insurance without a Chinese wall – making insurance work for women at the heads of families and businesses21:41 How to get gender on the strategic map for a company24:11 Success as an intrapreneur

There is a lot of opportunity for microinurance on the African continent and we had the King of Microinsurance, Luis Kinuthia on to discuss in detail the situation, challenges and where the industry can improve in order to get more people insured.With experience working with the likes of Mico Ensure in Kenya, Luis is currently working on his own insurtech startup and consults for a number of microinsurers in Kenya.Connect with Luis- https://www.linkedin.com/in/luis-kinuthia/Register for InsurTech Business Series Conference free- bit.ly/IBSConference2020Follow us on: Facebook, LinkedIn, Twitter, Instagram, Youtube--- Send in a voice message: https://anchor.fm/insurtech-bus-series/message

On this episode Damola & Folumy had a rich conversation with Dr. Ikpeme Neto who is the Founder of Wellahealth about his passion and motivation for staring Wellahealth, how they are using insurance to provide quality and affordable Malaria care to Nigerians, how he is tackling mistrust of insurance and expansion plans for Wellahealth. --- Send in a voice message: https://anchor.fm/insurtech-bus-series/message

In this episode of the AIP News Roundup, the team talks about MicroInsurance, InsurTech in Singapore, and APIs. Riskcovry, an Indian based Insurtech startup focusing on API and distribution, has secured an undisclosed amount in Pre-Series A funding. JETCO, the Hong Kong Electronic Teller Services company, announced a partnership with insurtech start-up GoLion to offer […] The post AIP News RoundUp – Episode 19 – Rahul Mathur and Theresa Blissing – May 30 – Providing the Infrastructure to Go Digital appeared first on Asia InsurTech Podcast.

MicroEnsure's origins date back in 2002 when its founder, Richard Leftley, started asking a simple question of traditional insurance companies – why is it that insurers only create products and services for the wealthy? He never got a good answer. Richard had seen the data on the impact that natural disasters had on human lives in emerging markets – there was clearly a mismatch between risk and access to insurance.Years later, as mobile penetration in these markets increased, MicroEnsure stopped asking its clients three standard questions during the signup process (name, age, and next of kin) – and they signed up 20 million customers in 140 days! They now serve over 60 million customers, 80% of whom had never had insurance prior to MicroEnsure.2:47 – On MicroEnsure's distribution model.5:48 – How can MicroEnsure not ask any questions of their customers? It comes down to the difference in traditional insurance products versus microinsurance.7:23 – How MicroEnsure leverages its distribution partners to achieve requisite scale.8:17 – Why MicroEnsure went straight to the partnership model as opposed to going direct to the consumer.10:34 – How MicroEnsure leverages their partners' brands and data to sell their products.13:13 – Richard and Justin discuss misconceptions around customer education and the importance of very simple products.14:54 – The changes to MicroEnsure's business model and how they fit into the insurance value chain.17:11 – Richard background and the origin story of MicroEnsure.19:52 – MicroEnsure's business in Africa and key considerations for expansion.23:39 – Market size as a consideration and stories of their business in Malawi and Nigeria.25:00 – The story of MicroEnsure moving from a non-profit, funded by a large grant from the Bill & Melinda Gates foundation to a for-profit, venture-backed company.27:25 – After 20 years as an entrepreneur, Richard shares his general advice for entrepreneurs.

This is a replay of episode 19. In this episode, Carly and Tony discuss microinsurance with Richard Leftley, founder and CEO of MicroEnsure, a global microinsurance specialist based in London.Connect with Richard Leftley - https://www.linkedin.com/in/richardleftley/MicroEnsure Homepage - https://microensure.com/Subscribe at:Buzzsprout RSS: http://www.buzzsprout.com/87086Google Play: https://goo.gl/WMAvW4iTunes: https://goo.gl/7SqwvPOvercast: https://goo.gl/8b4cbDSpotify: https://goo.gl/niAbGN Stitcher: https://goo.gl/DmE7MiYouTube: https://goo.gl/1Turar

Find out more about the International Research Institute for Climate and Society and the R4 rural resilience initiative.To read more about forecast-based financing, you can start with this short summary from the World Food Programme.And you can follow Rahel on LinkedIn.

It’s difficult to keep up with all of the latest InsurTech news in Asia. DocDoc raised USD 13 million in funding to go global, MyDoc has partnered with Prudential, GRAB has launched a new MicroInsurance product for its drivers and Axinan has obtained a license to underwrite insurance in Malaysia. And this is only August […] The post AIP News RoundUp – EP 01 – Rahul Mathur and Theresa Blissing – August 2019 appeared first on Asia InsurTech Podcast.

  Puay Lim Yeo is the Regional Manager for BIMA in Asia and was BIMA’s first employee in the region. BIMA is a Swedish InsurTech focused on emerging markets using mobile technology to provide insurance and health services. In 2010, BIMA first started in Ghana, West Africa, in cooperation with telecommunications provider Tigo, leveraging its […] The post Ep 01 – Puay Lim Yeo – Head of Asia, BIMA – MicroInsurance – We’re Still Tip of the Iceberg appeared first on Asia InsurTech Podcast.

Gustaf Agartson of BIMA (http://www.bimamobile.com/) walks us through his founder's story of starting microinsurance services from Ghana to over 15 countries across the world. He walks through the keys to successfully launching & scaling a business, and the importance of strong financing partners with a long term perspective on returns. Host: Hunter SimsProducer: Allison SimsMusic: "Nowhere Land" Kevin MacLeod (incompetech.com)Licensed under Creative Commons: By Attribution 3.0 License

In this episode of Critical Point, host Lesley Pink catches up with Michael McCord of the MicroInsurance Centre at Milliman to talk about cow mortality, climate change, and some of the projects he’s helping spearhead across the globe.

MicroInsurance - Making it work - Podcast #8

Barbara Chabbaga is an insurance product consultant in Kenya. She trained as an actuary in Canada before returning to Nairobi and working for a carrier there. After surviving a terrorist attack she quit her job and founded a consulting company, AB Consultants, to work on microsinurance product development. Barbara wrestles with the same problems we all face and so this interview was a fantastic mix of familiar and foreign (to US ears). We cover a lot of ground including life as an immigrant, why she chose to study in Calgary, Alberta after growing up right near the equator, how to build products and what it felt like hiding in a closet during a terrorist attack.Subscribe to the Not Unreasonable Podcast in iTunes, stitcher, or by rss feed. Sign up for the mailing list at notunreasonable.com/signup. See older show notes at notunreasonable.com/podcast. youtube: https://youtu.be/zrAiCzyaT-0

St. Paul's Institute (St Paul's Cathedral), interviews Paul Holley - Coordinator for the Anglican Health Network - on the work being done in the area of microinsurance. The discussion surrounds the recent implementation of programmes in India and Tanzania, and highlights both the benefits and difficulties surrounding microinsurance programmes such as these.

In this episode, we discuss Drew Aldrich's article on CBInsights, “Going Micro is the Next Big Thing for Insurance Tech”, breaks down how it works and shares a few tactics from the successful startups who helped bring microinsurance to the forefront of the industry. We also discuss microinsurance and why most insurance startups don't understand how to be successful.

In this episode, we discuss Drew Aldrich’s article on CBInsights, “Going Micro is the Next Big Thing for Insurance Tech”, breaks down how it works and shares a few tactics from the successful startups who helped bring microinsurance to the forefront of the industry. We also discuss microinsurance and why most insurance startups don't understand how to be successful.

Michael McCord, President, MicroInsurance Centre, LLC  talks about the best potential delivery channels for michroinsurance. Since its inception as an initiative of MicroSave, The MicroInsurance Centre, LLC has worked on several levels to promote responsible microinsurance. The MicroInsurance Centre is the only independent institution that is entirely focused on actively promoting the partnership model of microinsurance. In this model, appropriate institutions are linked with regulated insurance companies to provide professional insurance products to the low-income market. This method has proven to provide important risk management tools to low-income people, provide an addition to the product lines of intermediary institutions, and allow insurers to enter this market efficiently and profitably.

Michael McCord, President, MicroInsurance Centre, LLC  talks about the factors that push the growth of microinsurance, the evolution of products and the biggest challenge in microinsurance.

Michael McCord, President, MicroInsurance Centre, LLC gives a definition of microinsurance and talks about the mechanisms of implementing microinsurance successfully. Since its inception as an initiative of MicroSave, The MicroInsurance Centre, LLC has worked on several levels to promote responsible microinsurance. The MicroInsurance Centre is the only independent institution that is entirely focused on actively promoting the partnership model of microinsurance. In this model, appropriate institutions are linked with regulated insurance companies to provide professional insurance products to the low-income market. This method has proven to provide important risk management tools to low-income people, provide an addition to the product lines of intermediary institutions, and allow insurers to enter this market efficiently and profitably.

Craig Churchill on Microinsurance In this podcast, ACCION International Principle Director Monica Brand speaks with Craig Churchill of the International Labour Organization’s Microinsurance Innovation Facility. Craig discusses some recent innovations being made in terms of microinsurance products, delivery channels, and supply gaps, as well as the challenges facing the advancement of the sector.