What Does bimaspin Mean?
What Does bimaspin Mean?
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By connecting its proprietary technological innovation System Along with the mobile operators, BIMA has long been equipped to develop an entirely digital design: from Original client registration, which usually takes lower than two minutes, to day-to-day micropremium payments which have been deducted from airtime credit. this easy and easy design has authorized BIMA to achieve rapid scale.
Bima claims that ninety three% of its present shopper base life on a lot less than $ten daily, and Therefore the individuals it targets are provided smaller sized premiums and lesser protection ideas, often as low as two cents on a daily basis.
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Is BIMA looking at the option of read more achieving also formulated marketplaces maybe with different types of insurance plan products and solutions?
the place did the story of BIMA get started and which had been the main nations around the world where by the BIMA solution was released?
BIMA's groundbreaking model uses mobile technology to overcome troubles of accessibility and affordability and make a route for microinsurance to scale.
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Also similar to economic products and services, A great deal in the trade of business enterprise in microinsurance is done about mobile phones, with Bima permitting people today pay for procedures in modest increments working with their cell phones.
In 2010, Gustaf founded BIMA in Ghana to pilot its revolutionary ‘cellular insurance coverage’ product, offering cost-effective coverage goods to underserved shoppers via an entirely paperless practical experience.
Our disruptive cellular coverage design is certainly Portion of the wider trend. With our approach, we’ve shown that insurance products and solutions is often sent additional merely and affordably via cellular – which has opened up a potential new sector of practically 4bn low-earnings customers through the rising markets.
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