Curacel

Curacel is a pioneering insurance infrastructure company dedicated to empowering insurers and their partners across Africa and other emerging markets. The company facilitates the expansion of insurance reach and functionality through its advanced cloud-based tools and APIs. Curacel's core mission is to address the significant protection gap in these regions by making insurance products more accessible and easier to use. By providing the necessary technological backbone, Curacel enables insurers to connect with a wider range of digital distribution channels and efficiently manage their claims processes. This approach not only helps in driving revenue growth for insurance providers but also fosters greater insurance inclusion for a larger segment of the population. The company's innovative solutions are designed to streamline operations, reduce administrative overhead, and enhance the overall customer experience, thereby making insurance a more attractive and viable option for millions of people.

The company's suite of products is built on an AI-powered platform that revolutionizes how insurance is handled. Curacel Grow, an embedded insurance product, allows technology companies to seamlessly integrate insurance offerings into their existing products and services. This enables partners like banks, fintechs, and logistics companies to generate new revenue streams while providing valuable protection to their customers. For insurers, Curacel's technology automates claims and helps in detecting fraud, waste, and abuse, which are significant challenges in the industry. The AI-driven infrastructure can reduce claims cycles by over 70% and process up to ten times more claims, leading to substantial cost savings and improved efficiency. With a presence in multiple African countries, including Nigeria, Ghana, Kenya, and Egypt, Curacel is working with leading insurers and has processed claims worth over $100 million, demonstrating its significant impact on the insurance landscape in emerging markets.