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AIG Insurance Company has signed an agreement with Fawry, a digital payment platform.The partnership concerns the marketing of "Qershak el Abyad", an electronic policy managed by Fawry Insurance Brokerage.The product will thus be available through Fawry's network of 151 000 sales outlets and numerous distribution channels (banks, telephone operators, etc.) used by more than 30 million consumers.

Developer of a peer-to-peer investment and insurance platform designed to offer cost-effective crop insurance to farmers

Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.

Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.

They are a centralized global payment platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. Ethiopay co-founders Daniel Hadgu (B.B.A. ‘20) and Minas Yohannes (B.B.A. ‘20) are Eritrean descent while Michael Gizachew is of Ethiopian descent and they all struggled to send funds between the U.S. and their family abroad. Together they created a way to affordably and efficiently transfer money overseas.

Emerging markets and climate insurance focused  insurtech start-up WorldCover has partnered with the world’s largest ILS fund manager Nephila Capital, who will now provide some of the firms reinsurance protection through its Lloyd’s syndicate 2357.

With Nephila Capital onside for reinsurance capital as well, WorldCover is well-positioned for growth, working with a team that has an understanding of the challenges associated with parametric data-driven insurance products, as well as emerging market climate risk exposure.

CropAssure has been developed by our team of agronomists to protect against weather events most detrimental to almond growth, specific to your region. We will pair you with a member of our agronomic team to develop an insurance product that fits your needs and your budget.

easily understandable policies that will protect you against the risks completely out of your control - unpredictable weather.

protect against weather events most detrimental to almond growth, specific to your region

Lumkani is a tech company and social enterprise that delivers insurance services dedicated to customers who suffered loss of property or life following slum fired in South Africa and beyond. The company got its name from local Xhosa language, “lumkani” meaning “be careful”. Their main product is a small blue box fire alarm that responds to a rise in temperature rather than smoke with the aim of decreasing false alarms. Its associated network alerts houses within a 200 foot radius if the alarm is not shut off within 30 seconds. In 2014, the company reported having distributed 7000 of these devices across slums in South Africa, and 5000 in 2015 to its highest fire risk neighborhood in Cape Town.

Every year, we work to reach around 1 million small farmers with the resources they need to diversify and improve their crops, increase their incomes, and become more resilient in the face of a rapidly changing climate.   Our vision is that small farmers have greater agency over their livelihoods. This means access to the insurance, advice and resources they need to generate enough profit to feed their families and thrive. By supporting Pula, we continue to take steps in this direction — a world in which all small farmers can rest assured their livelihood is safe and they have what they need to prosper and grow.

Pula is at the center of an ecosystem that provides insurance to smallholder farmers and has amassed 50 insurance partners and six reinsurance partners. Its clientele includes the likes of the World Food Programme and Central Bank of Nigeria, as well as the Zambian and Kenyan governments among others.

Focus on your customers’ pain pointsSenior Solution clearly identified many of its customers’ pain points and tweaked its offering to help customers overcome them. Among the difficulties customers faced were a fragmented and large number of suppliers. This lack of integration created compliance problems and compatibility issues due to the company having multiple platforms. Also, no end to end solution existed. Different systems existed for bonds, equities, foreign exchange, front and back office, and more. In addition there were specificities from the Brazilian context that complicated dealings with banks such as a high level of inflation: traditional systems cannot handle so many digits, for example. And, previously there were complex methods for computing interest rates on interbank loans. All of these issues added up to be a hassle for customers who had to deal with them manually before Senior Solution introduced a way to ease the process.

WorldCover began with pilot programs in several African countries. Four years on, it has sold drought insurance to about 30,000 customers. Its largest customer base is in Ghana, and it recently expanded into Kenya. But the firm has also encountered some of the same market barriers that have hampered other African microinsurance programs.

WorldCover began with pilot programs in several African countries. Four years on, it has sold drought insurance to about 30,000 customers. Its largest customer base is in Ghana, and it recently expanded into Kenya. But the firm has also encountered some of the same market barriers that have hampered other African microinsurance programs.

GreenTec, headquartered in Frankfurt, Germany, will invest an undisclosed amount of money in Bismart to enable the company upscale its digital and online platforms to connect customers to insurance and investments solutions available in the African market.The agreement, announced in Frankfurt, will see Bismart benefit from GreenTec’s expertise and experience in funding start-ups in Africa through capacity building, and process optimization.GreenTec will also avail to the Kenyan company a team of international experts to help implement adapted latest technology to the model in order to extend its local value chain and have more impact.

GreenTec, headquartered in Frankfurt, Germany, will invest an undisclosed amount of money in Bismart to enable the company upscale its digital and online platforms to connect customers to insurance and investments solutions available in the African market. The agreement, announced in Frankfurt, will see Bismart benefit from GreenTec’s expertise and experience in funding start-ups in Africa through capacity building, and process optimization.

FinTech Innovation Challenge “Making Finance Work for Women 2019” Award! Pula is an agriculture insurance provider for smallholder farmers in African emerging markets lead by CEO and cofounder Rose Goslinga. They are radically restructuring agricultural insurance, using technology to insure the previously unbanked, uninsured, untapped market of 1.5 billion smallholders worldwide.

Funding Pula: Insuretech Startup Closes $6M Series A Funding to Scale Up Business Across Africa 0 SharesShareTweetSharePin The African Insuretech service provider, Pula, has recently closed a US$6 million Series A funding round led by TLcom Capital and had participation from Women’s World Banking. It specializes in digital as well as agric insurance to derisk smallholder farmers across Africa. This new round of investment to the insuretech startup will be used to scale up operations in the company’s existing 13 markets across Africa. Pula has so far impacted over 4.3 million farmers on the continent and the new funding will help push its expansion into Asia to power resilience and profitability for Asian smallholder farmers. Pula was launched by Rose Goslinga and Thomas Njeru in 2015, to design and deliver innovative agricultural insurance and digital products to help smallholders farmers improve their farming practices, endure climate risks and bolster their incomes. This has become necessary because for smallholder farmers in emerging markets, the traditional method of calculating insurance through farm visits is often expensive, meaning they are often neglected from financial protection against climate risks.

JUMO offers a wide range of services to users in emerging markets via partnerships with other financial institutions

JUMO offers financial services infrastructure to third parties and has served over 15 million customers across countries, including Ghana, Kenya, Pakistan, and Tanzania, and it plans to use the fresh capital to launch new products and expand into new markets: It's set to launch in Bangladesh, India, Côte d'Ivoire, and Nigeria soon, per its website.

South African fintech JUMO scooped up $55 million in funding

Bismart was awarded seed capital of Sh1 million in April 2018 by Standard chartered Women in Tech programmed and office space for nine months at IBIZ Africa incubator, as the most innovative and scalable business model in Kenya.

NAIROBI, Kenya, Jul 9- GreenTec Capital, a German investment boutique focused on African start-ups, has entered into an investment agreement with Bismart, a Kenyan start-up insurance aggregator leveraging on digital platforms and technologies to educate and advice customers on the best insurance and investment solutions available in the Kenya market.

Heya- fawry is an initiative in collaboration with arab women enterprise fund, Baheya, AXA and unilever to empower women, increase their opportunities in the financial market and help them to climb up the financial inclusion pyramid in Egypt Fawry as the leading e-payment network in Egypt is supporting poor and disadvantaged women by training them to become Heya fawry-agents, providing POS machines offering them complementary micro-insurance coverage. Ultimately, this initiative will allow poor unbanked women to have access to life-enhancing financial services (mobile top-ups, bill payments, money transfers, microloan payments, as well as essential nutrition and healthcare goods) directly via their nearest Fawry’s agents to raise income for them and their families and to enhance the well-being of the society. Fawry’s main aim is “to ensure that women access our services in the same extent as men do”