The insurance sector of the South African is thriving and very competitive as there are many insurance companies in South Africa providing different insurance covers.
Technological innovations are bringing disruptions and enhancement the way insurance providers carry out their activities. The companies leveraging technological innovations to offer insurance services are known as Insurtech companies.
What is Insurtech?
Insurtech means the deployment of technological innovations in insurance service delivery.
Technology is enhancing insurance management, and insurance companies are rapidly adopting to the use of technology as insurance technology startups continue to build technological innovations.
Insurtech Startup Companies
Insurtech companies through innovative solutions help insurance companies drive efficiency in their insurance services, change the perception of many South Africans on insurance. Insurtech subsector of South Africa's insurance industry worth over $913.5m with over 54 startups and companies.
We have compiled list a list of startup companies leading the Insurtech innovations in South Africa.
- Amenli
- Baloon Assurance
- Casava
- Click2Sure
- CompareGuru
- Curacel
- Ctrl Technologies
- Dialdirect
- Hepstar
- Hollard Insurance
- Inclusivity Solutions
- Kingsburgh
- Lami
- Lumkani
- mTek
- Naked
- OKO
- OneSpark
- Pineapple
- Sanlam Indie
- Simply
- Yalu
Hollard Insurance
Established in 1984 Hollard Insurance is an insurance company that offers house, car, business and funeral insurance policies. The company uses technology for efficient service delivery.
Hollard has so far raised about $327 million funds through corporate financing.