Kenya’s MotiSure is seeking to finally close the gap between insurance covers and affordability across the nation. This start-up, which targets motorcycle taxi operators and users of public transport, is building an insurance model around daily micro-payments for personal accident covers. “We are providing safety nets through insurance at affordable prices, and through easy to access channels,” notes MotiSure’s CEO & co-founder, Joel Macharia. The Micro Insurance Company (formerly MicroEnsure), which has operations in many emerging markets, is the start-up’s underwriter and key supporter of its funding rounds.
Source: Tech Crunch