Tag: Africa

South Africa’s new bank resolution and deposit insurance measures are welcome, but more needs to be done to ensure financial stability in the country, according to a new report from the Financial Stability Board (FSB).

Turaco has netted $1.2m in a seed round. The Kenyan InsurTech startup will use it to expand into new markets and place new pilots and partnerships.

South African InsurTech startup Inclusivity Solutions has not sold a single policy in its native country, but has already spread across Africa and is now looking to go beyond the continent.

Insurance firm Allianz Group has acquired 99.03 per cent of the shares in Nigeria-based Ensure Insurance from the core shareholder Greenoaks Global.

Kenya-based InsurTech platform Bismart has received an investment from GreenTec Capital.

BIMA, a micro-insurance provider for Africa, Asia and Latin America has received a $96.6m investment from Allianz X.