Top 5 Nigerian insurtech startups by funds raised since 2021 – Nairametrics

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As technology continues to drive a revolution in every sector of the economy, the insurance sector is also witnessing a turnaround. At the heart of this change are the insurtech startups that are coming up with different solutions to make insurance more attractive.
Insurtech refers to the use of technological innovations built to make existing insurance models more efficient and effective. Through their innovative solutions, the insurtech companies are changing the perception of many Nigerians of insurance.
Interestingly, venture capitals and discerning investors are beginning to see the potential in these companies that are revolutionizing insurance with technology. While the fintech startups in Nigeria have continued to hold the ace in terms of the amount of funds they are attracting compared with startups in the other sectors, some insurtech companies have also proven their business viability and convinced investors, who have committed millions of dollars in the last one year.
All still at the pre-seed stage, here are the top 5 insurtech startups in Nigeria that have raised funds from last year to July 2022. Our ranking is based on the amount of funds raised:
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