insurance

New $500k grant to grow insurtech in Africa

Insurtech founders of early to mid-stage start-ups are set to benefit from a $500 000 grant announced by the Swiss Re Foundation in Switzerland…

Naspers invests R34m in local insurance advice app Ctrl

Naspers has announced it will invest R34 million in startup Ctrl, a short-term insurance marketplace digital platform that connects clients, brokers, and insurers. The…

Naked betting on fairer, less costly insurance with chatbots and social cause initiative

Johannesburg-based startup Naked has been able to cut the cost of acquiring new clients to about half that of traditional direct insurance companies, using…

SA web platform Virtual Actuary turns down bid from major insurance firm

Things are hotting up for SA web platform Virtual Actuary, which allows actuaries to collaborate on projects without the need for expensive offices. The startup last week turned…

Sensor Networks nets new funding round of R13-million to expand IoT products

Just months after securing funding from 4Di Capital, Cape Town based Internet of Things (IoT) platform Sensor Networks has secured a further round of…

Is this platform API the game changer that will disrupt SA’s insurance industry?

A Cape Town-based fintech startup has launched an insurtech platform API that will enable developers to speed up development, prototyping and launching of digital insurance…

Click2Sure launches its global aspirations at InsureTech Connect in Las Vegas

Cape Town insurtech startup Click2Sure announced yesterday that it has been invited to attend next month’s Insure Tech Connect, one of the world’s largest insurtech…

Time is ripe for startups like Pineapple to disrupt insurance – Old Mutual manager

Startups are set to disrupt the insurance business model fundamentally, says Stanley Gabriel, head of innovation at Old Mutual Personal Finance. Gabriel was responding to…

French insurance giant buys into African ecommerce in $83m deal

French insurance giant AXA has bought an eight percent stake in Africa Internet Group (AIG), one of the continent’s largest ecommerce players. The deal…

Beyond insurance: How TopCheck aims to transform Nigeria’s financial services industry

In a country where online sale of services is still arguably unpopular compared to retail and other services, TopCheck is attempting to achieve profitability…

Startupbootcamp Insurance Accelerator gets support from JSE listed financial group

Global startup accelerator Startupbootcamp’s Insurance Accelerator programme is getting early investment support from South African financial services group MMI Holdings, which along with Lloyds…

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