Turaco

Turaco is a microinsurance and insurance technology provider for African fintechs, lenders, and financial institutions that want to bundle affordable cover into existing customer journeys.

Key capabilities include:

• Embedded insurance via partner integrations: Adds insurance to partner products, with distribution handled by the partner while Turaco supports delivery.
• Policy and claims administration: Runs the operational layer for insurance, including customer support and claims handling.
• Product coverage for mass-market customers: Offers health, life, asset, and vehicle insurance, designed for affordability, with premiums starting from about $2 and flexible monthly payment plans.
• WhatsApp claims submission: Lets customers submit claims through WhatsApp, with claims paid in under 3 working days (site messaging), and a reported 4-hour median claims turnaround time.

Available on Web, with API-based partner integration and WhatsApp access for customer claims.

Target audience: B2B2C, serving fintech platforms, digital lenders, microfinance providers, and financial institutions that distribute cover to low-income customers.

Notable in Africa for its embedded insurance model across Kenya, Uganda, Nigeria, Ghana, and Zambia, with reported scale of 4.5M+ lives covered and partnerships showcased with organisations such as Airtel Money, M-KOPA, Rafiki Microfinance Bank, VisionFund Uganda, and Advans Ghana.