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to the heels of Lemonade raising $120 million from Softbank for its new “peer-to-peer” spin on insurance coverage companies, Yet another company aimed toward disrupting the insurance policies current market is saying a major spherical of its individual.

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BIMA is undoubtedly trying to find to harness Many of these Rewards. by way of example, we've been now managing pilots to experiment Together with the automation of promises payments, particularly for health insurance policy products and solutions.

BIMA's groundbreaking model takes advantage of cell know-how to beat difficulties of accessibility and affordability and develop a route for microinsurance to scale.

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The funding — $thirty million of that is in fairness, and the remainder as secondary transaction to acquire out shares principally from LeapFrog, An additional investor — was manufactured at a pre-funds valuation of around $260 million and provides Bima a post-dollars valuation of all around $300 million, deputy CEO Mathilda Strom said in an job interview.

thus far, BIMA is very pleased to possess arrived at 24 million shoppers with critical economical and health products that are guarding the way forward for people across the world.

up to now, We've released mHealth solutions in 4 of our 14 markets – Ghana, Bangladesh, Pakistan and Paraguay, and also have reached over one million subscribers. We’re setting up to carry on to extend our mHealth footprint and roll out these services in extra marketplaces quickly.

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We’re very pleased that BIMA is presently constructing this long run with our cell product. We’re investing and innovating seriously in bettering The client encounter, significantly by way of increasing the quantity of digital touchpoints inside of the customer journey – from SMS text messages to our phone Centres, and integration with Fb Messenger and Whatsapp.