The majority of developing countries can be found in Africa and Asia. Designing insurance solutions for those markets has its very own challenges but at the same time presents the largest untapped market for insurers. Distribution and payment are just two areas that need to be reinvented in order to work in a developing country and provide financial products to the low-income population.
In order to better understand the challenges but also opportunities in Africa and Asia, the Asia InsurTech Podcast has teamed up with Africa InsurTech Rising. Theresa Blissing, Michael Waitze and Tunde Salako are discussing what is being done in Asia and Africa to increase insurance penetration and financial literacy. The team is introducing InsurTech startups in those markets and discussing their significance.
In the first episode, the team covers Curacel, a Nigerian startup tackling insurance fraud, talks about Grab providing micro-insurance in Southeast Asia and discuss why Sawari Ventures and Algebra Ventures are investing in North African startups.
Moving forward we will take this conversation to Clubhouse. Follow the team @theresablissing, @michaelwaitze and @insurtechrising on Clubhouse and join the next conversation.