BIMA is the leading provider of mobile-delivered insurance and health services in emerging markets. BIMA Ghana since its inception in August 2010 continues to offer simple and affordable life, accident and health insurance services.
Products & Services
Our products are registered and paid for via mobile technology, creating a paperless experience. Our dedicated agent force educates consumers, driving financial inclusion. We help mobile operators to inspire loyalty and increase revenue by offering customers access to valuable new services. We work in partnership with MFIs to widen access to insurance amongst underserved communities.
We deliver quality customer service and pride ourselves on paying claims.
About BIMA
We are BIMA MILVIK. We provide quality digital health solutions to underserved families across South Asia, Southeast Asia and Africa using frictionless mobile payments. We’re on a mission to bring affordable healthcare to millions of people in emerging markets.
Bima, a seller of microinsurance services which includes Pakistan among its fourteen markets has raised $96.6 million in strategic investment from insurance giant Allianz’s, digital investment unit.
Pakistan is among Bima’s biggest markets alongside Bangladesh, Sri Lanka and Ghana and has 24 million customers across the globe in Africa, Asia and Latin America.
The investment will help Bima to expand its portfolio of its current products which include accident, health and life insurance and a tele-doctor service, reported TechCrunch.
Bima uses a mobile-delivered insurance model in which customers can pay for insurance via deduction of prepaid airtime credit.
This groundbreaking approach leverages Bima’s proprietary Mobile Insurance Platform, which integrates with mobile operators’ existing tech infrastructure.
Out of this $96.6 million funding, $30 million is in equity and rest is for secondary transaction to acquire shares from LeapFrog. This happened at a pre-money valuation of $260 million and Bima now has a post-money valuation of $260 million, said its deputy CEO Mathilda Strom in an interview.
The company is headquartered in Stockholm and London.
Awards
BIMA win at the Ghana Insurance Award 2020 BIMA wins Mobile Insurance Leadership Award and Initiative Award at the Ghana Insurance Awards 2020. BIMA Ghana, the leading provider of mobile delivered insurance and telemedicine services, has scooped the…
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Written By: Emily Erica Baffoe
