Turaco becomes first insurtech to get underwriting license in Uganda; promises simple policies from as low as UGX1000 With a majority of Ugandan households, one health bill away from poverty, Turaco Microinsurance Company, the Ugandan underwriting arm of Turaco Group, a Pan-African insurtech reiterates its commitment to leveraging technology to simplify, innovatively price and deepen insurance at the bottom of the pyramid.

Turaco, one of the leading insurtech companies in Africa, becomes the first insurtech in Uganda to acquire an underwriting license, with a promise to be a leader in the provision of “affordable and simple microinsurance products, reaching unserved and underserved Ugandans in line with its global mission of insuring 1 billion people”.  “Turaco Microinsurance will design and distribute simple products that target the key risks mass-market customers face, with policies starting at just UGX1,000 per month. Through its customer-centric approach, Turaco Microinsurance will offer terms and conditions that are simple enough to fit 3 SMS messages, such that even first-time…