This intervention aims to increase the number of accessible and affordable insurance products across Sub-Saharan Africa, through the active development of insurtech ecosystems. The mechanism for achieving this is an online Digital Innovation Platform – creating a digitally-based ecosystem that enables the next-generation of insurtechs to develop a pipeline of scalable, regionally replicable use cases. The platform will be a ‘one-stop innovation shop’, with an ecosystem of insurtech partners using the online space to connect, collaborate, host events, ideate,incubate and accelerate viable ideas, store content and learn.

To pilot the project , we have worked on creating a digital BimaLab- an incubation program for insurtechs , to allow the program to continue to support the startups beyond the lifetime of the incubation cycle through engagement with incumbents, regulators, mentors and investors.