The pandemic has accelerated trends such as digitalization, market consolidation and regional cooperation. The uptake of technology in Africa and the need for access to crucial services such as insurance create an opportunity for an ecosystem that would better service the market.

According to GSMA Intelligence’s report, mobile phone subscribers stood at 46 percent in Sub-Saharan Africa, while smartphone adoption was at 64 percent. GSMA also predicts that Africa will have 120 million new mobile subscribers by 2025, taking the total number of subscribers to 615 million (50 percent of the region’s population).

PurpleWallet has digitised business insurance using advanced Artificial Intelligence, Machine Learning, and Neural Technology to ensure easy, accessible, affordable, and automated solutions to SMEs and farmers in Sub-Saharan Africa.

We have orchestrated the perfect symphony by collaborating with world-class product providers, distributor integrators, and collaborators to create an eco-system that facilitates asset surveying and generates effortless policy placement through superior underwriting at preferential pricing.

Our goal is to constantly develop new solutions and innovate while putting a strong emphasis on customer loyalty and continual expansion of our insurance portfolio.