EP 224 – Adedamola Oloko and Victoria Olorunmola – AXA Mansard – A Deep Dive into Africa’s InsurTech Evolution

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Michael Waitze worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley and Goldman Sachs, primarily in Tokyo.  Michael lived and worked in Tokyo from February 1990 until December 2011.  Michael always maintained a particular focus on how technology could be used to make businesses more efficient and to drive P/L growth. Michael is a leader in the digital media space, building one of the biggest and fastest-growing podcast listener bases in the region.  His AsiaTechPodcast.com show has listeners in more than 170 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

Transforming the insurance landscape in Africa with a mission to elevate accessibility and experience. As the Program Leader at AXA Mansard, I drive the AXA Innovation Exchange Program, orchestrating seamless planning and execution for each cohort. Passionate about catalyzing change, my role as an Aspiring YAC VC Fellow at CatalyzU underscores my dedication to empowering the African startup ecosystem, utilizing data, capital, and community for exponential growth. For over three years, I've co-hosted the InsurTech Business Series Podcast, engaging industry experts in enlightening discussions on trends, challenges, and opportunities within InsurTech. The culmination of these efforts is seen in organizing the flagship InsurTech Conference in Africa, where we collaborate with global leaders & businesses to deliver thought-provoking keynotes, panel discussions, and fireside chats.

A resourceful Chartered Insurance professional (ACIIN) versed in risk management, insurance underwriting, claims management and Insurance Brokerage Management. A profound communication professional versed in a wide range of communication; while possessing a strong drive for success while being goal-oriented and result driven. A passionate humanitarian, founding a sickle cell foundation; Folumy Sickle Cell Foundation (FSSF). A non-governmental organization with the aim to create awareness about sickle cell disease, provide advisory and counseling services to carriers and their caregivers as well as support organization(s) providing affordable/free healthcare services in a bid to manage the pain.

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In a truly fascinating episode of the Asia InsurTech Podcast, Damola Oloko and Victoria Olorunmola dive deep into the transformative potential of InsurTech across the African continent. Highlighting the critical importance of tailoring insurance technology solutions to local cultures and consumer behaviors, they discuss how understanding regional nuances can drive the adoption of insurance products. From the success of funeral insurance in Ghana, rooted in deep cultural traditions, to leveraging Africa’s youthful, digital-first demographic, the conversation underscores the unique opportunities and challenges that shape the InsurTech landscape in Africa.

The dialogue also sheds light on the power of storytelling and community building in enhancing insurance literacy and fostering a collaborative ecosystem for innovation. As professionals who transitioned from communications to the forefront of InsurTech, Victoria and Damola exemplify the impact of bringing diverse perspectives to the sector. Their journey underscores the significance of adaptability, continuous learning, and the collaborative spirit in driving the future of insurance, offering valuable lessons not just for Africa, but for global markets navigating the complexities of InsurTech.

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