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YC-backed Amenli raises $2.3M to provide insurance to Egyptian consumers

TechCrunch

The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt. million seed round to provide insurance services for Egyptians.

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TechCrunch+ roundup: 3 key hiring metrics, building SDR teams, insurtech investor survey

TechCrunch

The expense involved in recruiting, training and onboarding a new employee who turns out to be a poor fit could be equivalent to 50% of that person’s first-year salary. “Pipeline generation at early-stage companies is expensive and time consuming, often more so than the sales process itself.

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DigiSure, the mobility insurance platform with high-tech screening, comes out of stealth with $13.1M raise

TechCrunch

DigiSure, a digital insurance company that caters to modern mobility form factors like peer-to-peer marketplaces, is officially coming out of stealth to announce a $13.1 DigiSure says it goes beyond credit and driving history to give users a more personalized quote, and in the process helps operators lower their own insurance costs.

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Casava gets $4M pre-seed to make insurance affordable and accessible to Nigerians

TechCrunch

African countries are yet to catch up with social security and safety programs commonly used in the West, where the government provides health insurance and unemployment benefits to citizens. The general perception of insurance on the continent has been bland for years, and its penetration rate, except South Africa, is subpar.

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Ivorian healthtech startup Susu has $1M to scale its family-centric insurance product across Africa

TechCrunch

This isn’t an issue in developed markets, as healthcare systems change with the times to adequately provide healthcare when necessary. But in Africa, that’s not the case, as most people do not have access to quality healthcare due to the ill-equipped nature of hospitals and lack of insurance. .

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Keeping the customer journey and experience as a North Star

CIO

As a connected car data company focusing on the motor insurance sector, UK-based ThingCo is dedicated to developing next gen telematics built with the latest technology. It’s good to see and it’s going to change the way we work and make our life easier, but I don’t think it’ll get rid of engineers or developers” he says. “I

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The Interchange: Things go from bad to worse at Better.com

TechCrunch

Or as Dan writes, “This deal is set to create a public company CEO who could be rewarded for settling acrimonious litigation,” despite having been sidelined for other bad behavior. . One individual shared an email from HR India turning down their request saying that the worker was “part of a mission-critical team” at Better.com.