30 results
- 26 May 2026
History as NAICOM Licenses First Insurtech Firm under New Reform
National Insurance Commission (NAICOM) has granted an operational licence to CBI Partnering Insurtech Ltd, making it the first fully licensed partnering insurtech company in Nigeria. An insurtech…
- 25 Oct 2016
Gartner Urges Insurance Firms to Investigate 'Insurtechs'
Insurance sector CIOs need to expand their market insight concerning the innovation and disruption potential of insurance technology startups (insurtechs) to complement their digital insurance…
- 15 Sept 2022
Insurtech Firm Secures $10M Series A Round Fundraise
Turaco, the leading insurtech driving mass market insurance adoption, has announced the close of a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest Innovation Fund,…
- 15 Jun 2023
Leadway Assurance, Insurtech Launch Protection Plan
Insurtech startup firm, gamp has said it is partnering with Leadway Assurance to deliver after-sales support and repair services for devices in Nigeria. It said in a statement that the partnership…
- 29 Jun 2026
NAICOM Moves to Deepen Penetration Through Licensing of a New Insurtech
The National Insurance Commission (NAICOM), has demonstrated its commitment to leveraging digital innovation to deepen insurance penetration and expand Nigerians’ access to insurance through granting…
- 19 Jun 2023
Insurtech Firm Celebrates Insuring Over 1,000,000 People Across Africa
Turaco, African insuretech distributing affordable insurance, is proud to announce it has surpassed 1,000,000 lives insured. Turaco raised a $10m Series A in September 2022, and is using that…
- 4 Nov 2025
Firms Eye Fintech Model for Insurance
Technology firms (InsurTechs) are working to secure the approval of the National Insurance Commissions (NAICOM) to drive insurance products in Nigeria. So far, Mp-Platform Ltd, Insurance Hub Nig.…
- 27 Oct 2023
Experts Worry Over Inability of Traditional Insurers to Leverage Technology
Experts in the Nigerian insurtech space have noted that traditional players have, so far, failed to leverage technology to increase insurance penetration across the country’s population. This remark…
- 21 Oct 2022
AXA Mansard to Deepen Insurance Coverage with Innovation Exchange Program
AXA Mansard Insurance Plc, a member of AXA Group, a worldwide leader in insurance and asset management has planned to deepen insurance coverage in Nigeria through the launch of its Insurtech…
- 19 Jul 2023
MyCover.ai Secures $1.25M Pre-Seed Funding
MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million pre-seed funding round, today, led by Ventures Platform. The round…
- 19 Apr 2022
ETAP Secures $1.5M Pre-seed Funding to Drive Car Insurance Penetration in Africa
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across…
- 13 Nov 2023
Leadway, Leytro Partner to Offer Pay-as-you-drive Insurance
Leytro, an insurtech company specialising in usage-based insurance for small and medium enterprises (SMEs), has entered into collaboration with Leadway Assurance to deliver user-friendly,…
- 20 Jul 2022
Suzuki by CFAO Partners ETAP to Enable Seamless Insurance for Nigerian Drivers
CFAO Motors, the sole distributor of Suzuki cars in Nigeria, has partnered with ETAP, an InsurTech company that creates solutions and incentives to improve the automotive experience across Africa, to…
- 9 Jul 2021
AfriGlobal Unveils Digital Platform in Nigeria Insurance Sector
Afriglobal Insurance Brokers Ltd, has launched Insurtech Digital Platform that enables anybody to buy insurance via mobile devices from start to finish without human intervention. From the left. Mr.…
- 28 Jul 2019
Inlaks Launches thehatch Innovation Lab, Team TopHill Emerges Winner at the Hackathon
Following the launch of “thehatch”, an innovation Lab set to build, scale and provide a nurturing environment for Fintech Start-ups by ensuring level playing fields for domestic technological ideas,…
- 29 Oct 2021
Africa’s Insurance Firms Increasingly Look to Cloud to Bolster Business
More insurance companies in Africa are looking to leverage cloud solutions to strengthen market presence and service delivery. According to Deloitte’s Insurance Outlook Report EA 2020/21 insurance…
- 16 Apr 2024
ClaimBuddy Bags $5m to Streamline Insurance Claims for Hospitals, Patients
ClaimBuddy, insurancetech startup has raised $5 million in its Series A funding round led by Bharat Innovation Fund (BIF), with participation from Japanese VC firm CAC Capital, Chiratae Ventures, and…
- 2 Feb 2022
Casava Gets $4M Pre-seed to Make Insurance Affordable and Accessible to Nigerians
Casava, Nigeria’s first 100% digital insurance company, has secured $4 million in pre-seed funding to provide affordable and accessible insurance products for millions of Nigerians. Starting with…
- 9 Feb 2022
FSD Africa, NAICOM Partner to Launch Bimalab
FSD Africa and Nigeria’s National Insurance Commission (NAICOM) have partnered to launch BimaLab, an accelerator programme designed to boost the development and adoption of digital solutions for the…
- 8 Nov 2021
Insurance Professionals Urge Operators to Embrace Digitisation
The Chartered Insurance Institute of Nigeria has urged insurance operators to evolve, embrace change and digitise their processes to enable them to meet customers’ needs and expectations. This was…
- 20 Dec 2021
MAX Raises $31M in Series B Round
Metro Africa Xpress Inc. (“MAX”) - the largest vehicle subscription platform for low-to-zero emission vehicles in Africa, announces it has raised $31 million of new capital, in the first close of a…
- 2 Jan 2022
Experts Urge Collaboration Between Fintechs, Banks
Some experts have emphasized the need for a strengthened collaboration between fintechs and financial institutions to enhance the former’s intermediary role. They declared this at the Information…
- 8 Feb 2022
Visa Everywhere Initiative 2022 Invites Fintech, Payment Startups to Showcase on a Global Stage
The Visa Everywhere Initiative (VEI), a global open innovation program is inviting fintech and payment startups to showcase their innovative products and solutions, with finalists gaining firsthand…
- 23 Feb 2022
NAICOM Partners FSD Africa to Launch Digital Insurance Solution
The National Insurance Commission (NAICOM) is partnering FSD Africa to launch BimaLab, an accelerator programme designed to boost the development and adoption of digital solutions for the insurance…
- 23 Feb 2022
Ernst & Young Urges Insurers to Digitizing Core Processes, Embrace Flexible Sourcing Models
Ernst & Young Global Limited has called on insurers to continue to address their technology by digitizing core processes, migrating to the cloud and embracing flexible sourcing models to remain…
- 25 Feb 2022
FinTechNGR Targets Accelerated Startup Growth with ‘Marketplace’
Playing its part in addressing challenges posed by startups and investors in Nigeria’s FinTech ecosystem, the FinTech Association of Nigeria (FintechNGR) has launched The Start-Up Marketplace – an…
- 12 Apr 2022
Wardchat Opens Operation in Nigeria, Pledges to Strengthen & Empower Electoral Community
Wardchat, a Nigerian non-partisan social network connecting voters from the same polling unit, ward, local government and state across the country has been launched in the country. L-R: Kunle Lawal-…
- 30 Mar 2021
Curacel Secures $450,000 Pre-seed Funding to Drive Insurance Inclusion in Africa
Curacel, an AI-powered platform for claims processing and fraud management in Africa, has raised $450,000 pre-seed funding in a round that was led by Atlantica Ventures and Consonance with…
- 27 Apr 2022
Africa Fintech Foundry Unveils ‘The Big Tech Show’
Africa Fintech Foundry (AFF), an initiative that aims to nurture, fund, and accelerate the growth of Tech startups in Africa has launch a television show, ‘The Big Tech Show’. The television…
- 25 Jan 2021
TLcom Leads $6mn Series A Fund in Pula
Pula, an African InsureTech service provider startup that specializes in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6mn Series A fund…