Turaco

1 MILLION LIVES!! 🎉 🎉 🎉 We proud and humbled to celebrate surpassing 1,000,000 customers insured across Africa 🚀🚀. With a big, audacious #vision of insuring the next 1 billion, this is an important and validating milestone. Thanks to all our amazing distribution partners and customers for trusting us to #protect your futures and your families. Together, we're driving #inclusion and building a world in which #insurance is accessible to all. Cheers to many more millions 🎉 🎉 🎉 #1MillionthCustomer #CustomerCentric #AffordableInsurance #Pathto1B

For those in London, catch Ted Pantone & Patrick Watson at AFSIC - Investing in Africa next week!

"I am excited to join Turaco a company that has a track record of being customer-centric, innovative, and keeping its promise of paying claims on time when it's due. I look forward to working closely with the team and like-minded partners to help Turaco accelerate insurance penetration in Africa from the current 3% to double-digit." - Cedrick A Todwell

📢 Some exciting news! Cedrick A Todwell has joined us as Director of Business Development!

"Every year when I enroll with Tupande (by One Acre Fund), I sign up for hospital cash because I’ve seen its value whenever I get sick." - Getrude We recently joined our partners Tupande in Kakamega to engage with two farmer groups. The goal of the visit was to gain deeper insights into the impact of insurance on their livelihoods and to glean additional, valuable feedback on the product design and customer journeys which we are incorporating into our 2025 planning! #CustomerCentricity Elizabeth Mwangi Hepsiba Chepngeno Johannes Borchert Patrick Bell Rachel Levenson Patrick Odaba Tyson Monyenye Joel Ogembo Rodgers Kweyuh Charles Lipeyah Tillen Okello

🌍 Africa’s Insurance Landscape: Reinventing the Wheel 💸 Africa’s insurance market remains underdeveloped, with only 3% of the population covered. This gap leaves millions vulnerable, as seen recently when flooding in Maiduguri displaced over 400,000 people—none of whom were insured. Despite government efforts, insurance uptake has been slow due to high costs, inaccessibility, and a largely informal economy. However, change is on the horizon. Insurtech startups like Turaco, mTek Services, and PULA are transforming the industry with affordable, accessible products aimed at low-income earners. For as little as $2, these companies are providing coverage in minutes, processing claims in days, and using innovative methods like mobile money and AI to make insurance more practical for everyday Africans. While progress is being made, the insurance revolution in Africa needs simpler solutions and more partnerships to scale. Startups like PULA, which insures small-scale farmers using satellite data, show that with the right approach, insurance can shift from being a luxury to a necessity across the continent. What will it take for Africa's insurance sector to truly take off? Share your thoughts in the comments below ! 👇 Read the full story right here: https://lnkd.in/dSrmh-qk

In just 2 years of partnership with VisionFund Uganda, more than 70,000 lives have been protected through VisionFund Cares, boosting financial resilience of customers against health crises. To celebrate this major milestone, we visited James in Mubende, Uganda, whose 3-month hospital stay could have devastated his family. Thanks to his insurance, James was able to stay afloat during this tough time. Moments like these remind us why we do what we do—#caring & #protecting when it’s needed most. 💪 #FinancialResilience #InsuranceMatters #CustomerStories Hamza Mutebi Buyinza Tomathy Romeo Juuko, DIP CII Kijwaro Jeninah Mercy Sande Ainomugisha (MBA, MMS) Kembabazi Sandra

Within Kenya’s burgeoning fintech landscape, several ventures have emerged as category leaders, recording substantial growth and garnering investor attention. Read here: https://lnkd.in/gX85Qu-k -with Cellulant M-KOPA Pesapal Pezesha Workpay Kwara PULA 4G Capital Lipa Later Group Turaco #fintech #Kenya #startups #payments #lending #finance #insurtech

📖 What We're Reading This Week 📖: M-KOPA's 2024 Impact Report! Congratulations to M-KOPA, on reaching 5M customers, with 4 in 5 customers reporting improved quality of life.🎉 🎉 🎉 🎉 M-KOPA's model that provides customers a pathway to financial inclusion, digital connectivity and #prosperity is close to our heart. We look forward to continuing to be able to #protect M-KOPA customers and agents against financial shocks as they pursue their financial goals. Link: https://lnkd.in/dzzzJB-T

Looking forward to representing Turaco next month at ICII 2024! The Microinsurance Network is hosting a session on "The Landscape of Microinsurance: Bridging Gaps, Building Futures." As an avid user of the Landscape Study - the global benchmark tracking the uptake of inclusive insurance products and services - I am excited to talk about the work Turaco is doing to push the boundaries and to try to improve industry standards. The session will be moderated by Matthew Genazzini (The Microinsurance Network) and I will join, on the panel, Nicolas Morales (The Microinsurance Network), Laura Elena Rosado (AXA), Solène Podevin Favre (VisionFund International), and Erik Jarrin Peters (MIC Global & Microinsurance Master). Register here: https://lnkd.in/eXtRHvCv View the draft agenda: https://lnkd.in/dZ-AB3fN #ICII2024 #Microinsurance #InclusiveInsurance