Insurance Day News Bima: Insurtech at the bottom of the pyramid

Swedish technology-based insurance services provider Bima is one of the oldest insurtech companies in the world. But for Gustaf Agartson, Bima’s founder and chief executive, while there are some similarities between his firm and the latest crop of insurtech companies challenging the business models of traditional insurers in Europe and North America, there are also significant differences.

Unlike other insurtech companies, which target the customers of established players in the market, Bima uses mobile phone technology to provide life and health insurance cover and services to low-income communities that are unable to access these services through traditional channels.

Although Bima, ...

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