Category: Insurance

Paris, France//-OLEA, the Africa-wide insurance specialist, is accelerating its expansion on the continent by setting up in Angola. The company announced today that it has acquired a majority stake in AIB Angola, the leading Angolan brokerage.

Kampala, Uganda//- OKO, an Insurtech start-up that provides inclusive agricultural insurance to secure farmers’ income across Africa, has closed a Seed investment of $1.2 million.

Kampala, Uganda//-Microinsurer aYo Uganda has underlined its commitment to the economic wellbeing of its customers in the country by paying out more than UGX 760 Million Shillings in 2020, through the height of the COVID-19 pandemic.

Accra, Ghana//— Willis Towers Watson (NASDAQ:WLTW), a leading global advisory, broking, and solutions company, has named Nana Gaisie as the new Head of Willis Towers Watson Ghana.

With the shift toward digital interaction induced by COVID-19, efficient digital services are more important than ever. This environment is causing traditional industry borders to blur and ecosystems to gain traction.

Lagos, Nigeria, 30th March 2021- 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 participation from Kepple Ventures and other African angel investors.

Nigerian payments service provider CoralPay is in discussions with telecoms companies to extend access to health insurance by mobile phone, CEO Chioma Nkechika tells The Africa Report.

Lagos, Nigeria//- The Board of Continental Reinsurance Plc has appointed Lawrence Mutsunge Nazare as the Group Managing Director, effective April 1, 2021. 

Accra, Ghana//-aYo Intermediaries Ghana Limited, a leading microinsurance company has defied economic headwinds triggered by the novel Coronavirus Disease 2019 (COVID-19), to show its commitment to the economic wellbeing of its customers in the country.