Impact

Digital insurance can deliver benefits across the insurance value chain, from emerging consumers to distribution partners such as mobile operators, to insurance companies. Inclusivity Solutions is dedicated to providing solutions that deliver impact for our partners and for emerging consumers.

Benefits of Digital Insurance

DISTRIBUTION PARTNERS
(e.g. MOBILE OPERATORS)

  • Introduce new revenue streams
  • Drive more profitable behaviour (e.g. airtime and/or mobile money behaviour)
  • Acquire and retain customers
  • Improve brand reputation

INSURANCE COMPANIES

  • Address new market segments
  • Increase policyholder numbers and revenues
  • Enhance persistency
  • Improve efficiency

EMERGING CONSUMERS

  • Access relevant insurance products simply
  • Avoid suffering severe financial setbacks by managing risks
  • Increase peace of mind

EXAMPLES OF MOBILE OPERATOR IMPACT

of clients that bought an m-insurance product were new to mobile money

of clients who opted for a free insurance product went on to purchase a voluntary paid product

increase of prepaid ARPU where insurance was linked to airtime usage, with some initiatives far exceeding these levels

Mobile operators have reported high success in reducing churn
through loyalty insurance models

FASTER GROWTH FOR INSURANCE COMPANIES

Estimated time to insure 1 million lives:

0
year

via mobile operators

0
years

via typical insurance market

Changing perceptions of emerging consumers

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