Tekedia Capital is working to build the “Paystack, Flutterwave, Kudabank of Nigeria’s insurance”. The goal is to capture massive value via New Generation Insurers in Nigeria just as the New Generation Banks did in the 1990s. But for this new generation of insurance firms, we also want to overlay what modern fintechs are doing in banking. So, at the end, we will have new generation insurers. In our upcoming dealflow, our Syndicate members will get to see our vision through what we are putting together on this. I do believe that insurance remains a latent opportunity but we need to open Nigeria’s playbook, bring solid behavioural economics, baked in software, to redesign the sector. We think that this is MASSIVE.
We are already working and I am extremely confident that we can write micro-policies and use behavioural economics to change the ordinance of the business. We will move first and scale first, hold the advantages and capture the opportunities.
If you are interested in this, I invite you to check Tekedia Capital. We will create a new generation insurer and I am expecting it to be big. I have two entities working on this. One team has a brilliant young man who created and sold a company to Wakanow and later another to Jobberman. I have so much confidence that both firms will outperform. He has shown that exits can happen fast and quick in Nigeria. He has INSIGHTS about Nigeria and battle-tested.
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We believe that it is not Nigerians that should change to love insurance products. We believe that insurance products must evolve to be relevant in the lives of Nigerians and their companies. Before the 1990s, people hated banks until banks evolved their products. We think it is time for the insurance sector to be redesigned.
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We believe that it is not Nigerians that should change to love insurance products. We believe that insurance products must evolve to be relevant in the lives of Nigerians and their companies. This is it