Nadya Eka Lestari
TechInAfrica — A Johannesburg-based insurtech startup, InvestSure, is delighted that the company is being included on the Insurtech100 2019 list.
The Insurtech100 is an annual list of 100 of the world’s most innovative insurtech companies selected by a panel of industry experts. This year’s edition was released this week. It was compiled by Fintech Global.
The list enables senior management and insurance professionals to evaluate the potential market of digital insurance models. It also helps them to assess which are most likely to succeed and have a lasting impact on the industry.
InvestSure has created what it claims is world-first insurance that protects innocent shareholders from loss caused by allegations of management fraud and dishonesty of Johannesburg Stock Exchange (JSE) listed companies.
Read also: InvestSure Completes the First Funding Round and Secures R9.6 Million from Three Investors
The service is currently available on the EasyEquities platform. The startup said in a statement that it is working on integrations with multiple investment platforms in South Africa. It also plans to launch the product to all investors in South Africa in December this year.
Shane Curran, Co-founder of InvestSure, said the startup is “extremely proud” of the achievement and thanked the panelists for the recognition.
“This shows the world that South Africa is a market to watch in the insurtech industry,” he stated.
Mbulelo Mpofana, Co-founder of InvestSure, also said achieving this recognition a few months after the startup celebrated its first anniversary indicates that InvestSure is on the right path and is excited to introduce its product to new markets.
It appears that InvestSure is the only African startup to have made the Insurtech100 list.
The 100 insurtech solutions on the list were shortlisted based on the following criteria:
- Industry significance of the problem being solved
- Growth in terms of capital raised, revenue and customer traction
- Innovation of technology solution
- Potential cost savings, efficiency improvement, impact on the value chain and revenue enhancements generated for clients
- How important it is for insurance executives to know about the company
Companies that meet the criteria are nominated by a panel of insurtech experts. And then, the founders and CEOs of the shortlisted firms participate in in-depth interviews and surveys.
Source: ventureburn.com
