After Mobile Banking, Mobile Insurance (Pan-Emerging Markets)

Source: Financial Times  |  Author: Andrew Bowman

LeapFrog Investments, a private investment firm focused on the insurance sector in Asia and Africa, has invested US$4.25 million in Bima, a Sweden-based micro-insurance company that provides coverage in Asia and Africa. Bima markets its insurance products over mobile phone networks in Ghana, Tanzania, Senegal, Mauritius, Bangladesh and Sri Lanka, and plans to expand operations to Nigeria.