Naked Insurance, the South African digital insurance start-up, announced earlier on Wednesday that it has secured US$17-million (R306-million at the time of writing) in a series-B funding round.
Alex Thomson, Naked’s CEO and a co-founder of the company, joins Duncan McLeod on the TechCentral Show (TCS) to unpack the investment, which includes funding from the International Finance Corporation and German development finance house DEG.
Described by Naked as “one of the largest-ever African insurtech funding rounds”, Thomson reveals in this episode of TCS what the company plans to use the money to do.
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He also discusses why the insurance industry was ripe for disruption and how Naked uses artificial intelligence tools to reduce dramatically the need for call centre agents and to drive up efficiencies in the applications and claims processes.
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