Turaco, Africa’s foremost insurtech, named Toba Obaniyi Nigerian General Manager.
Business expansion and strategic collaborations are his responsibilities. His strategic partnerships will boost Turaco’s embedded insurance solutions. Toba Obaniyi’s presence is exciting as Nigeria’s insurtech grows.
Toba has been selling business tech for over 10 years. A significant cloud solutions company in Nigeria, WhoGoHost, is his creation. CEO Toba built West Africa’s largest web-hosting company from a one-person operation.
“We are thrilled to welcome Toba Obaniyi to Turaco,” said CEO and co-founder Ted Pantone. Nigeria is ideal for Turaco’s B2B2C, tech-enabled business because 80% of the population is uninsured, and fintech is widespread. Customers and distribution partners required insurtech solutions in our first year in Nigeria. Toba’s leadership and regional understanding will help us meet demand through strategic distribution partnerships and Nigerian sales development, saving more lives.”
Mr Obaniyi said he was honored to manage Turaco in Nigeria and help the company ensure the next 1 billion lives. I hope to develop more partnerships in Nigeria with other tech-enabled companies by building on Turaco’s African insurtech expertise. We’ll disrupt the insurance business and give millions of families this risk-mitigating tool with our Nigerian team and partners using innovation and customer-centricity.
Read also: Kenyan startup Turaco raises $10 million, aims for 1 billion users
Turkaco covered 1,500,000 Africans
Turaco insures 1.5 million Africans and connects underwriters and customers. The group partners with leading IT businesses like Paga, Payforce, MAX, and M-KOPA, with many customers or workers in emerging markets to target underserved clientele and low-income earners. Turaco integrates its white-labeled service with a partner’s core product or service and uses their payment mechanism.
The powerful API connection Turaco allows companies to work with third parties without issues. It makes adding insurance to their products and services simple, safe, and cheap. Turaco offers affordable items for $1 a month, easy-to-understand terms and conditions, a digital claims process via WhatsApp or phone call, and three-day mobile money reimbursements.
In 2019, Mr. Obaniyi, interested in digital solutions, was named Vice President of the Nigeria Internet Registration Association (NiRA) Executive Board and acting chair of the Nigeria Internet Governance Forum Multistakeholder Advisory Group. Toba is an excellent addition to Nigeria’s digital ecosystem because he works to ensure that poor areas can connect to the internet.
About Turaco
Turaco is a Pan-African insurtech that helps people in emerging countries build their financial resilience by offering cheap health and life insurance to large groups not well served by other companies.
Turaco is a new company in Kenya, Uganda, Nigeria, and Ghana. Financial institutions, technology-enabled organizations, and top mobile network operators (MNOs) work with Turaco to add and sell insurance goods. Turaco charges $1 a month for insurance. Turaco ensures customers get their money when needed by paying claims in three business days. The company’s goal is to cover 1 billion lives, and so far, it has covered 1.5 million lives and paid out over 20,000 claims.