Kenyan insurtech startup Turaco has announced it has surpassed one million lives insured. Turaco provides simple and affordable insurance solutions for emerging markets and is a distributor, broker and key customer interface between the underwriter and the consumer. Turaco achieves this by forming partnerships with leading tech-enabled companies with a large pool of emerging market consumers, like ride-hailing apps and solar pay-go companies. Operating in Nigeria, Kenya, and Uganda, Turaco provides access to a much needed safety net against financial shocks to mass market consumers, and has now insured one million of them. More importantly, this number represents 1,000,000 individual mothers, fathers, children, and community members that have access to better health care and improved financial resiliency as a result of Turaco insurance.

Source: The North Africa Journal June 23, 2023 20:01 UTC