Heads up for insurtech founders, this South African company are looking for projects to invest in;
Guardrisk, the leading cell captive insurance provider, is looking for innovative South African entrepreneurs and venture capital investors to
partner with on the company’s insurtech initiative.
The initiative aims to harness the power of its technology-enabled ecosystem to unlock opportunities to develop relevant solutions that will create value for customers, the selected entrepreneurs, partners, and Guardrisk.
“The digital economy and the business landscape of today is constantly changing, making it essential for organisations in a fast-paced and competitive sector like insurance to evolve to stay relevant. This means adapting to specific business and industry challenges and changing customer needs,” says Xolani Nxanga, Managing Executive: Microinsurance and Insurtech Lead at Guardrisk.
“Technology – and insurtech solutions, in particular – increasingly provide the ability to transform one’s business and address client challenges.”
That’s why Guardrisk introduced LAUNCHPAD. The company will partner with venture capital investors to co-invest in and support entrepreneurs in insurtech scale-ups predominantly – and start-ups where the solution is innovative and compelling enough to drive tangible and measurable business value. Entrepreneurs should be able to show that there is a real need for the product or service, with solutions relating to customer engagement, product development and innovative technology-based business models. These can cover areas like customer engagement, underwriting, pricing, the claims process and payments – and should aim to improve the overall experience for the businesses and customers alike.
“Guardrisk is by nature an entrepreneurial business, so we understand the challenges and opportunities that entrepreneurs face in building and scaling their businesses – and are nimble enough to help them navigate these, grow and develop products and solutions that meet client needs while simultaneously enabling convenience, flexibility and cost-effectiveness,” says Nxanga.
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