Flexible Micro Insurance Solutions
With a population of over 1.1 billion in Africa, and only 4% insured, the concept of insurance still needs to be explored. Without any insurance cover, many families are exposed to enormous burden in the event of an unforeseen situation. This is especially the case where a breadwinner dies, and the family is left to scramble to meet funeral expenses and to fend for itself in terms of survival.
However, with greater access to enabling technologies and mobile services, insurance represents a massive untapped opportunity for operators.
Cassava’s innovative range of solutions enables our clients to provide mobile insurance offerings to their customers. Our wide range of solutions covers funeral, health and education, and are designed to allow customers to pay their insurance premiums and receive claims through their mobile wallet.
In Zimbabwe, Cassava has developed funeral and weather-index insurance for farmers, which is currently used by over 1 million people, most of whom were previously excluded
We have also introduced innovations around burial societies, which enable the members to make payments and manage the scheme using the mobile platform. Our solutions offer convenience and the full benefits of insurance, without taking away the social aspect.
We integrate these solutions into a single robust platform allowing for greater flexibility.