BimaLab is thrilled to announce the Post-Program Grant Support a catalytic funding opportunity designed exclusively for Kenyan insurtech startups that have successfully graduated from the BimaLab Accelerator. This initiative aims…
Powered by BimaLab Africa Accelerator (FSD Africa) & UNDP Nigeria
Theme: Innovating Insurance Protection for Every Nigerian
Millions of Nigerians including farmers, small business owners, and low-income families, remain one unexpected event…
BimaLabHow BimaLab shaped MotiSure’s, bodaboda riders’ insurance product
Case Studies
Every business has its origin story, and for Joel Macharia, it began with grief. The tragic loss of his cousin,…
Insurance penetration in Africa has historically been exceptionally low, with insurance coverage in 2019 at a mere 2.78%, significantly below the global average of 7.23%. Providing insurance to lower income…
Kenya’s insurance market struggles with a very low penetration, as traditional providers are criticized for offering inadequate products at high prices. However, insurTech is rapidly addressing this issue by offering…
The problem
Ethiopia’s insurance sector remains underdeveloped, with a penetration rate of just 0.8% of the population, according to a 2022 FSD Africa and CENFRI study. Dominated by the state-owned…
The problem
In rural Ethiopia, many families face significant financial barriers to accessing healthcare. Saglan Wajee General Hospital in Holeta Town, Oromia, is poised to change this narrative by becoming…
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