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
AND LIFE CASH INSURANCE
Plug & Play Platform
Claim Decisions
DATA FOR CLAIM DECISIONS
Real Time Reporting
Who Gets Access to our IPaaS?
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.
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.