The insurance landscape in Africa is being transformed by a new wave of insurtech apps designed to provide convenient, affordable, and accessible insurance services. With traditional insurance often perceived as complex and out of reach for many, these digital platforms offer innovative ways to access coverage, manage policies, and make claims. Below, we explore some of the leading insurtech apps reshaping the way Africans access insurance.

1. Bima – Mobile-Based Microinsurance Solutions

Bima focuses on providing microinsurance products to underserved communities through mobile platforms. Users can access health, life, and accident insurance plans with affordable premiums, payable through mobile wallets. With partnerships across telecom operators, Bima ensures that insurance is easy to manage on mobile devices.

• Key Features: Mobile payments, health and life insurance, telemedicine services
• Coverage: Ghana, Tanzania, Senegal, and Côte d’Ivoire
• Impact: 35 million users across multiple African countries

2. mTek – Paperless Insurance Solutions in Kenya

mTek offers a fully digital insurance platform that allows users to buy, manage, and claim insurance policies without the need for physical paperwork. Users can access various products, including vehicle, health, and business insurance, directly from their smartphones. The platform also offers 24/7 claims support, ensuring smooth transactions.

• Key Features: Paperless insurance, claims tracking, in-app policy management
• Coverage: Kenya
• Impact: Partnered with over 35 insurance companies, simplifying access to coverage

3. MyCover.ai – Insurance Marketplace for Nigeria

MyCover.ai serves as an aggregator platform, giving users access to insurance products from multiple providers. From car insurance to health coverage, users can compare policies, get quotes, and make payments online. Its seamless user interface and customer-centric approach aim to boost insurance adoption in Nigeria.

• Key Features: Policy comparison, instant quotes, online claims management
• Coverage: Nigeria
• Impact: Partnered with key insurance providers to expand customer access

4. Lami – API-Driven Insurance Distribution

Lami offers custom insurance solutions through its API-driven platform. It works with businesses to embed insurance services into their operations, enabling seamless access for customers. The company focuses on offering coverage for electronics, travel, health, and motor insurance, with digital claims support.

• Key Features: API integrations, personalized coverage, real-time claims processing
• Coverage: Kenya, Uganda, Nigeria
• Impact: Facilitated insurance distribution for fintech and retail partners

5. Ayo – Insurance for Mobile Wallet Users

Ayo is a microinsurance provider focused on delivering affordable health and life insurance through mobile wallets. Users can subscribe and pay premiums using mobile money services such as MTN Mobile Money. Ayo aims to make insurance accessible even in rural areas by leveraging the high mobile phone penetration rate.

• Key Features: Microinsurance, mobile payments, family health coverage
• Coverage: Uganda, Ghana, Zambia, and Côte d’Ivoire
• Impact: Reached millions of customers through telecom partnerships

6. Pula – Parametric Insurance for Farmers

Pula offers insurance solutions tailored to smallholder farmers by using parametric policies that trigger payouts based on weather conditions. This ensures that farmers are compensated quickly in case of adverse events, such as droughts or floods. Pula also provides agricultural advice to its customers through SMS services.

• Key Features: Weather-based payouts, agricultural advisory services, bundled insurance
• Coverage: Kenya, Nigeria, Zambia, and Malawi
• Impact: Provided insurance to over 6 million farmers across 16 countries

7. Inclusivity Solutions – Insurance for Emerging Markets

Inclusivity Solutions works with mobile operators and financial institutions to provide digital insurance services targeting underserved markets. The platform focuses on life and health insurance, ensuring easy access through mobile payments. Its inclusive insurance models are built to overcome the barriers of affordability and literacy.

• Key Features: Mobile-friendly policies, inclusive models, partnership with telecoms
• Coverage: South Africa, Rwanda, and Kenya
• Impact: Reached thousands of low-income customers with life and health products

8. Naked Insurance – AI-Driven Coverage

Naked Insurance is an AI-powered platform based in South Africa that provides motor, home, and contents insurance. With its user-friendly mobile app, customers can purchase and manage policies independently. The platform’s automated claims process ensures fast payouts, while users also benefit from cash-back rewards for staying claim-free.

• Key Features: AI-powered claims, flexible policy management, rewards program
• Coverage: South Africa
• Impact: Gained significant traction among tech-savvy customers seeking transparency

9. Turaco – Insurance Bundled with Essential Services

Turaco partners with companies to bundle insurance with essential services, such as healthcare and utilities. This approach ensures that users receive coverage seamlessly as part of their daily transactions. The company focuses on affordable health insurance to safeguard families against unexpected medical expenses.

• Key Features: Embedded insurance, affordable health coverage, pay-as-you-go plans
• Coverage: Kenya, Uganda, and Nigeria
• Impact: Provided coverage to over 500,000 customers

10. CoverApp – Simplifying Motor Insurance

CoverApp offers a digital platform for purchasing and renewing motor insurance policies. The app allows users to compare multiple policy options, receive instant quotes, and make payments online. Customers can access certificates electronically and track claims through the app.

• Key Features: Instant policy renewal, online payments, digital certificates
• Coverage: Nigeria
• Impact: Helped thousands of drivers stay insured without paperwork hassles

How Insurtech Apps Are Addressing Africa’s Insurance Challenges

• Improving access: Mobile-based platforms ensure coverage is accessible even in remote areas.
• Lowering costs: Microinsurance and flexible payment models make insurance affordable for low-income populations.
• Enhancing transparency: Digital platforms promote transparency by providing clear policy details and instant claims tracking.
• Reducing paperwork: Paperless insurance solutions streamline the entire process from purchase to claims.

The Future of Insurtech in Africa

The future of insurance in Africa is digital, inclusive, and data-driven. As smartphone penetration and internet access continue to rise, insurtech apps will further:

• Expand microinsurance adoption: More individuals will access affordable insurance tailored to their needs.
• Leverage AI for personalization: Insurance policies will become more tailored based on users’ behavior and preferences.
• Promote embedded insurance: Insurance will increasingly be offered as part of everyday services like mobile banking and e-commerce.
• Strengthen partnerships: Collaborations between telecom providers, fintech companies, and insurers will drive further innovation.

Conclusion

Insurtech apps are redefining the insurance experience in Africa by making policies more accessible, affordable, and transparent. From mobile-based microinsurance platforms like Bima and Ayo to AI-powered apps such as Naked Insurance, these startups are ensuring that more Africans can benefit from insurance coverage. As adoption continues to grow, the insurtech ecosystem will play a critical role in mitigating risks and building financial resilience across the continent.