EVERYTHING ABOUT BIMASPIN

Everything about bimaspin

Everything about bimaspin

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By connecting its proprietary technological know-how platform Together with the mobile operators, BIMA has been capable to create a completely electronic product: from Preliminary customer registration, which can take lower than two minutes, to every day micropremium payments which might be deducted from airtime credit score. this straightforward and simple design has allowed BIMA to achieve fast scale.

BIMA swiftly obtained scale increasing across the country because 2010 has aided to double the insurance coverage penetration in Ghana.

Each individual market requires a rather unique strategy, to adapt towards the nuances of neighborhood regulatory frameworks. nonetheless, recognition and overall belief in standard insurance policies has proven to become essentially the most persistent barriers to insurance plan penetration in many markets.

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wherever did the Tale of BIMA begin and which have been the primary nations in which the BIMA solution was launched?

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Also similar to fiscal services, A great deal from the trade of small business in microinsurance is done around cellphones, with Bima permitting people pay for policies in modest increments working with their mobile phones.

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The hope/expectation is as these customers’ fortunes boost — since they frequently do in quick-developing, emerging marketplaces — All those microinsurance strategies will increase with them.

The brand new funding are going to be utilized to grow Bima’s current products and solutions — principally existence, incident and wellbeing insurance, as well as a teledoctor company — over the fourteen marketplaces where it by now operates, in addition to move into new international locations.

these days, BIMA employs three,500 agents who're dedicated to advertising BIMA merchandise more info and educating clients in regards to the part and significance of insurance, and are vital to elevating recognition about our providers.

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