• Latest
  • Trending
Casava Wins Insurtech Of The Year At The 2022 Business Day Awards

Casava Wins Insurtech Of The Year At The 2022 Business Day Awards

December 2, 2022
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Casava Wins Insurtech Of The Year At The 2022 Business Day Awards

Felicia Akindurodoye by Felicia Akindurodoye
December 2, 2022
146 4
0
Casava Wins Insurtech Of The Year At The 2022 Business Day Awards
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Casava, Nigeria’s first entirely digital insurance company, won InsurTech of the Year at the Business Day BAFI Awards. As a result of this victory, Casava has been able to highlight its remarkable achievement in a competitive market in a short period of time.

The Business Day Banks and Financial Institutions (BAFI) Awards celebrate outstanding achievements by industry trendsetters across a wide range of financial industry sectors, including Fintech, Banking, Insurance, Pension Funds, as well as other Financial Services.

Moreover, the InsurTech of the Year Award winner must be fully licensed to operate by NAICOM, Nigeria’s insurance regulator, and an innovative technology enterprise that enhances or substitutes a traditional method of satisfying the requirements of insurance clients. To truly innovate the insurance industry, the company’s solutions and products must also suit the needs of real clients.

Casava has achieved key milestones in 2022, led by Bode Pedro, an experienced technology entrepreneur who has developed numerous successful firms, including Veda Technology, one of Nigeria’s best computer hardware manufacturers. The firm announced a $4 million pre-seed fundraising round in February 2022 to support client acquisition and growth, as well as product and technology development. Casava has also recruited over 95,000 customers with $23 million in insurance coverage and will be officially inaugurated as the Nigerian Insurers Association (NIAfirst)’s Insurtech and Microinsurance member in October 2022.

RelatedPosts

Turaco hires Nigerian General Manager, Obaniyi

South Africa’s Guardrisk to invest $2.8m in insurtech startups

Nigerian Insurtech, Curacel Secures $3 Million to Expand Across Africa

“Casava has experienced immense growth; from our customer base to our product offerings, but most importantly we are actively bridging the knowledge and accessibility gaps that exist in the ecosystem,  making insurance affordable, appealing, valuable, relevant, and enjoyable. We are transforming the way people experience insurance, by simplifying insurance and ensuring a fast claims process so that our customers can thrive and prosper in their lives.’’ Casava’s CEO, Bode Pedro.

As the nation’s first licensed microinsurance underwriter, Casava provides insurance services that make it simpler for Nigerians to protect themselves from unforeseen tragedies like job loss and medical problems 

Read also: mTek Plans to increase Insurance Penetration in Kenya

Other News on Casava

Earlier this year, Casava got $4M pre-seed to make insurance affordable and accessible to Nigerians.

“We saw mass adoption and knew the market needed insurance payments to be broken down. But then we noticed that as brokers, we didn’t have full control about that process and we weren’t giving people the best experience,” Pedro told TechCrunch on a call.

“We saw mass adoption and knew the market needed insurance payments to be broken down. But then we noticed that as brokers, we didn’t have full control about that process and we weren’t giving people the best experience,” Pedro told TechCrunch during a call.

“We knew if we were going to take insurance to the next level, then maybe we need to control that product and be involved in product end-to-end.” 

There are further explanations for why insurance hasn’t taken off in the biggest technology market in Africa. First, traditional insurance providers in Nigeria have based their operations on the necessity of insurance for commercial clients in the energy, property, and oil and gas industries. Although this isn’t always a bad thing, it prevents insurance products from reaching the mass market because their unit economics are designed for large rather than small transactions.

However, another factor contributing to the low rate of insurance adoption is people’s preference for short-term rewards over long-term ones. In essence, people avoid investing in favourable outcomes over unfavourable ones.

Kenya, Rwanda, 15 nations participate in new global air transportation sector

About Casava

Casava is the fastest-growing insurtech startup in Africa and the first 100% digital insurance firm in Nigeria. We are lowering the cost of insurance for wage employees while also providing protection from significant life uncertainties.

With our distinctive business model and a focus on outstanding client experiences, we are digitally redesigning insurance from the ground up to make it more data-driven, approachable, and socially significant. We will deliver insurance with a fantastic user experience, incredible value, and immediate benefits by integrating technology, behavioral science, and empathy. In order to achieve this, we have created a vertically integrated business with a fully functional technology stack and a fully owned microinsurance carrier in Nigeria.

Tags: Business Day AwardsCasavaInsurtech
Felicia Akindurodoye

Felicia Akindurodoye

Felicia Akindurodoye is an experienced writer and researcher, whose watchword is originality.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.