Turaco news and trends

Insurers’ Biggest Risk Is Their Own Legacy Claims Process
Money Mobility // January 25, 2023

A challenging economic landscape is putting pressure on the insurance industry. From companies providing automobile coverage to those offering home insurance, the industry is expected to have low premium income growth in 2023 and beyond, according to a report from EY. The premiums for non-life...

How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
Investments // December 23, 2022

After reaching new heights in 2021, VC funding in EMEA slowed sharply in 2022. While final full-year tallies are not settled yet, data from the first three quarters suggests that startups in Europe, the Middle East and Africa (EMEA) have clearly felt the chill of...

Africa’s Legacy Insurance Market Disrupted by Digital-First Players
Insurance // September 28, 2022

In many African countries, huge uninsured populations have been underserved by the traditional model for medical coverage, excluding all but the wealthiest individuals. For example, in the markets where Nairobi-based InsurTech firm Turaco operates — Kenya, Uganda and Nigeria — “the vast majority of the...

Interviews & Exclusives
Insurers’ Biggest Risk Is Their Own Legacy Claims Process

January 25, 2023
A challenging economic landscape is putting pressure on the insurance industry. From companies providing automobile coverage to those offering home insurance, the industry is expected to have low premium income growth in 2023 and beyond, according to a report from EY. The premiums for non-life insurance, for example, are expected to grow just 1.5% in […]

How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?

December 23, 2022
After reaching new heights in 2021, VC funding in EMEA slowed sharply in 2022. While final full-year tallies are not settled yet, data from the first three quarters suggests that...

Africa’s Legacy Insurance Market Disrupted by Digital-First Players

September 28, 2022
In many African countries, huge uninsured populations have been underserved by the traditional model for medical coverage, excluding all but the wealthiest individuals. For example, in the markets where Nairobi-based...