Turaco Acquires MicroEnsure Ghana
Summary
MicroEnsure will rebrand as Turaco Ghana and retain the expertise of the existing team and leadership. The expansion increases Turaco’s operational markets to four–Kenya, Uganda, Nigeria, and Ghana–and active policies by 25%, provide an to bolster partnerships with incumbents, and develop a strategic reinsurance partnership with MIC Global, one of the leading micro-reinsurance businesses in the world. Led by Leona Abban, General Manager, Turaco Ghana (formerly MicroEnsure) is a microinsurance intermediary providing insurance for low-income earners. Launched in 2019 by Ted Pantone, CEO, Turaco uses technology to increase access to affordable insurance. Its B2B2C business model leverages partnerships with tech-enabled, mass-market companies such as telcos, banks, and fintechs, to provide distribution and insurance management.