Who we are
Insurance Penetration is at less than 3% in most of the countries in Africa, the traditional insurance models have done little to address the gap. A new and African approach to Insurance is needed.
Bismart Insurance enables the uninsured African population to access Insurance. We are a team of experienced Insurance, Social Scientists and technology experts.
Our approach is to work with existing Social grouping and Institutions, co-create Insurance products based on the customers’ needs and integrate with Insurance companies. This drive costs out of the whole Insurance value chain, enabling profitability for all stakeholders.
This is a peer to peer last expense cover that provides reprieve for funeral expenses to families of a departed loved one. The primary target for this cover is the church faithful’s who are already organized into groups like Parishes. This product is Underwritten by Pacis Insurance Company.
This is a smart phone insurance product that insures against theft/loss and accidental damage of the phone.
We are on the side of our customers and we collaborate with the insurance companies, to provide excellent end-to-end customer experience from on boarding/buying to the claim process. We will follow up to ensure that claims are paid within the agreed timelines. We also provide customer education and training to ensure our customers make informed choices.
Bismart will continuously leverage on disruptive digital technologies to drive insurance business models in order to provide value to our customers.
Excellence is the only standard by which we measure our performance. We seek to provide efficiency in delivering our value proposition to our customers.
The insurance penetration is very low, at 2.8% in Kenya; we seek to contribute to the growth of the insured and informed customers.
What Our Client Says...
I dropped the beautiful, shiny new phone and cracked the screen and had to pay an absolute fortune to have it repaired. This really upset me, I am so careful but sometimes mistakes simply happen! Once again I did a search online and this time Bismart Mobile Device Cover was the first result to pop up on Google. On Sunday I went ahead and read the terms and conditions online, where everything was laid out and very explanatory, the calculator worked out my premium which I found affordable and I easily Mpesa's across the amount, by 10 AM the very next morning a friendly and efficient Theodore phoned me to confirm my details after which he followed up with some more information as well as text and email confirmation that my device has successfully been covered. I am pressed to think of an example of such efficiency in my native South-Africa, and it's wonderful that such comprehensive cover finally exists in Kenya. Even though I truly hope not to have to contact you with a claim, I feel assured that I am in very capable hands. It's a huge weight off my shoulders.
I want to join bismart team
- Standard chartered bank, women In Tech award
- Westerwelle Young Founders, 2018
- Alumni of Westerwelle young founders