Ethiopia
Nib, Jamii.one Launches Micro Life Insurance Coverage . Capital Ethiopia, March 31, 2022.
Nib Insurance Company teamed up with Danish based social enterprise, Jamii.one, to provide massive micro life insurance coverage. Two types of compensation services are provided for those who save premium on daily bases through edirs linked with the Jamii.one platform. To get a compensation of 100,000-birr, edir members will have to save one birr on a daily basis, and if members save two birrs per day, they will be covered by 200,000 birrs.
Nigeria
Casava Secures $4 Million Pre-Seed Funding to Provide Microinsurance for Millions of Nigerians. TechCrunch, February 2, 2022.
Casava will provide affordable and accessible insurance products for millions of Nigerians. Starting with income protection, subscribers can insure their income from $1 monthly. They will get paid for six months if they lose their job, get sick, or become disabled.
South Africa
Advans Launches Micro-Health Insurance Products. Punch, February 24, 2022.
Advans La Fayette Microfinance Bank said it launched a micro-health insurance product in partnership with AXA Mansard. “Advans Malacare,” which provides curative cover for malaria treatments with partner pharmacies, as well as “Advans Medic,” which provides access to consultation, tests, and medication for infections, will be accessible through partner hospitals.