The Insurance Elephant Company

Exciting News! 🌟 Introducing Dondapay: Innovating Transportation Payments and Safety in Kenya 🚀 At #Dondapay, we're reshaping transportation with a focus on innovation, customer centricity, empathy, and trust. What is Dondapay? We offer seamless fare payments and trip insurance, providing a safer and more convenient travel experience across Kenya. Why Choose Dondapay? 🔹 Easy digital payments 🔹 Comprehensive trip insurance 🔹 Customer-centric approach 🔹 Trustworthy and reliable service Join us in redefining transportation safety and efficiency! Learn more and sign up for early access at dondapay.com Let's make commuting smarter and safer together with Dondapay. Feel free to reach out - we're here to listen! #Innovation #CustomerCentric #Empathy #Trustworthy #Transportation #Kenya #Dondapay #Kenya #DigitalPayments #SafetyFirst #PublicTransportation #TravelSmart

Working with HealthMitra. OPD Assurance Health Card payout - 40% commission. Insurance Distributors earn commissions Approx 25% in the Health Insurance Sector. We would like you to join us for higher payouts. Patrick Kelahan Carlos Miguel Vidal HealthMitra SANJAY BAIRWA #healthmitra #strategy #opd #beyourownboss #HappyCustomers #sucessfullstartup #startupstories #customerexperience #healthinsuranceagent #healthinsurance #healthinsurancebroker #SimplifyHealthcare #HealthcareExpenses #medicalexpenses #linkedin #partnerships #workfromhome #gigworker #insurancejobs #insurance #POSP

🐘 Innovation meets analog marketing... HealthMitra is a digitally designed medical services subscription plan. OK, a design for the Indian population who do not have traditional IPD (in-patient department) cover and also is looking for an alternative for OPD (out-patient department) cover that is generally not available within the Indian health insurance environment. Hurdle one- product design. Hurdle 2- how do you distribute/deliver the product within an environment where cohorts of advisors are engaged or call centers are used, both options that require prospecting lists. Push distribution. Here's where analog rolls in- adverts on the ever ubiquitous Tuk-Tuks that ply Indian roadways. It's a start, it's in the market, it's what people see. Thanks to Michael Nazareth for championing the effort, and Aman Kumar Singh Rathore and Marcadors for leading the design/composition effort. #analogworks

Insurance / InsurTech Industry Insight:  We can also do it, We are already doing it, We will also do it, We already have it.  If you work or have worked in an InsurTech startup trying to work with enterprise you have definitely heard from them at least one of these phrases.  Unfortunately this has been a predominant feedback that InsurTech’s have gotten over time. Nothing to feel bad about if you have been on the receiving end of one of these phrases, you should expect them, it's kind of you're welcome to Insurtech moment.  Working with enterprise in the insurance industry is not easy to say the least. Personally I have been told or heard these phrases many times under different circumstances.  What I understood / learned over time was that first of all, you should not get frustrated or mad, it's not personal, it's something you should expect and will eventually understand why they say what they say.  Second, it's really important to learn / know as much as you can about the enterprise you want to sell to or partner with, the more you know the better off you are going to be.  Here I want to emphasize two aspects to keep in mind, you must know who is who within the organization and what are the policies / roadmap they have.  Also, always look for the golden key or who has one.  Under no circumstances fight them (I learned the hard way), they will always win. Hopefully this insight will help you as you look to partner / work with enterprise. The Insurance Elephant CompanyFernando Araya UrquizaPatrick Kelahan

Health Insurance: Don't eat in front of the poor. I don't know if this is the best title, "Don't eat in front of the poor" but lately and increasingly, we see posts mainly on LinkedIn, promoting the reports published by large brokers and consultants regarding the world of benefits, Health & Benefits. Some of the titles we see are Health on Demand, Benefits & Technology, Benefits that Truly Matter, Health Trends, among many others. However, when one contrasts these reports with the reality of each country (in my case Peru), one realizes that in many cases all these reports only apply or are valid for a very small group of people and companies, a very exclusive club. . As an example, in the case of Peru, where less than 10% of the population (33 million of us) has access to private health insurance, less than 4% of the economically active population (17 million people) has private health insurance through their employer. In the case of group health plans / insurance (EPS), on average, only 25% of employees in whose company where this benefit is provided end up taking it. This is due to the high costs, not only of the premium but also of using them (deductibles, co-payments, etc.). I have no doubt that the vast majority of employers would like to provide very good private health insurance (in its different versions and variety of products) to their employees, where cost is not a problem, and therefore they do not have the government as the only alternative. , who provides terrible service. Now the question is what do we have to do as an industry to make this happen? Even more so, in a very unfavorable economic context. As I always mention, there is no magic solution here, the recipe is simple and has already been executed before, the ingredients are on the table, the only thing missing is the team whose objective is to prepare the dish known as “the common good”. The Insurance Elephant Company Patrick Kelahan Quality of Performance Consulting LDA Mostapha Ghaziri HealthMitra Michael Nazareth Ajay Sharma Pablo Tiscornia Patricio Aguayo Johnny Blatt

Peru, Personal Insurance: What does the plate that everyone is fighting over contain and what size is it? A few days ago we agreed that for everyone, being able to have private health insurance, in some of its versions, is the most important thing, the first priority. We also agree that three million (Approx. 1 mm EPS, 1mm Insurance, 1mm Prepaid) of Peruvians already have private health insurance, in some of its versions, due to this they could be interested in contracting another type of insurance, a second product. Having defined the total size (3mm), now we are going to see what the plate that everyone is fighting over contains and what size it really is. Regarding the plate, it contains individual, non-mandatory Health, Auto, Life, Home, Accident and Fraud insurance among others. These products are distributed by Brokers, Agents, Direct, Banks or similar. Now, what is the real size of the market that everyone is fighting for. If we take the market ratio that tells us that on average in health insurance, in its different versions, we have one owner plus a dependent, we can say that of the three million, only 1,500,000 are the owners. Likewise, on the automobile side, it is estimated that only 240,000 (12% of the total in the country) private vehicles are insured and approximately no more than 150,000 people have individual life insurance. Regarding home insurance, unfortunately it is an irrelevant number. Offshore life and health insurance is not contemplated here, which has a very important participation in segment A. In the case of accident, fraud or similar products that are sold optionally by banks, finance companies and retailers, these have interesting portfolios in terms of their size but end up being revolving doors. The persistence in these products in general is very low and what these companies are looking for is to maintain a stock regardless of how many people leave and enter these products. There is very little consumer loyalty. In summary we can say that the optional personal insurance market is very small, it practically does not grow and in some cases the number of insured decreases, as is the case of individual health insurance. The aforementioned figures can and should be analyzed in greater detail since it is the only way to know what the real starting point is in order to make a collective effort to increase the penetration of insurance among the population. Finally, we must remember: "All stakeholders must work together to drive inclusion for all" The Insurance Elephant Company Patrick KelahanAjay SharmaMichael NazarethHealthMitraMostapha GhaziriQuality of Performance Consulting LDA