Scaling Micro-insurance Distribution

Distribution and access of low cost Microinsurance products retailing at less than 15 USD annually per low income household is dependent on efficient and risk free operations. Operational efficiency at underwriting and claims settlement enables distribution models to become commercially viable and scale.

We therefore have an Insurance Platform as a Service –IPaaS.
The Plug and Play digital solution is an innovation enabling a risk free and paperless operation allowing for microinsurance distribution at scale.

How We Do It

Standard products

HOSPITAL
AND LIFE CASH INSURANCE

Plug & Play Platform

ALL INCLUSIVE - JUST INSTALL AND PROVIDE INSURANCE

Claim Decisions

HARVEST
DATA FOR CLAIM DECISIONS

Real Time Reporting

ACCESS TO IMPORTANT DATA AS SOON AS IT HAPPENS

Who Gets Access to our IPaaS?

DDFinance’s Insurance Platform as a Service is a tool for providing insurance to vulnerable households. The IPaaS is ready for scaling and API-integration.

Supply side incentives to;

Boosts revenues for insurance companies from hard-to-reach mass markets previously not served with insurance

Boosts revenues for FinTechs, MFIs, and Banks by enabling insurance in their product portfolios

Boosts services from Cooperatives, Chamas and NGOs to their members

…and with DDFinance delivering the operational heavy lifting!

We design affordable easy to access products retailing at less than 15 USD Annually per low income household

Our Hospital Cash and Last Expense products are tailor made to target the mass market.

Our model is based on collectives or groups. Collectives/groups are based on a saving or community group of 10-30 people who have a common bond of trust in each other and who meet regularly. Based on the idea that people know who to trust in their networks of community groups.We have named this concept Collective-Based Insurance (CBI). CBI is available to individuals through Collectives/Groups.

The collective/group model reduces risk. Underwriters are free to adjust premiums and benefits according to their calculations.

HOSPITAL CASH

Protection for you and your family from unexpected health risks that may ruin your finances.

Hospital cash plan insurance provides daily benefits with a particular value. It is not specifically based on medical and treatment costs. It gives you the flexibility to use the money to reduce your financial burden during hospitalization.

LIFE CASH

Protection for your family in an unfortunate event of death.

Life Cash provides a one-time fixed cash contribution for your beneficiary in the unfortunate event that you pass on due to illness or accident.
 

Ready When You Are

The IPaaS is built to be integrated easily into all customer platforms with mobile technology in mind and numerous features readily available to support sales agent training, sales, claims, customer service and many more

Configuration is done through the means of API and customers immediately starts onboarding of customers.

Request Demo​

We would love to demonstrate how easy it is to launch digital insurance products with us wherever you are.
Feel free to reach out and find time for us to demonstrate our platform to you or use our APIs to test it for
yourself.