“in some instances we’ve even moved far from contacting it ‘microinsurance’,” Strom stated. “It’s effectively insurance for people who haven’t experienced it right before.”
By connecting its proprietary technological know-how platform Using the cell operators, BIMA has long been ready to generate a completely digital design: from Original consumer registration, which takes less than two minutes, to everyday micropremium payments which have been deducted from airtime credit history. this easy and simple product has allowed BIMA to achieve swift scale.
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Bima, a European startup that builds and sells “microinsurance” solutions for minimal-money buyers in Africa, Asia and Latin The us, has lifted $ninety six.6 million within a strategic investment decision from Allianz X, the electronic expenditure device of your coverage big.
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even so, BIMA’s cell design could unquestionably be applied to other, additional designed marketplaces, as a way to achieve underserved segments on the inhabitants.
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