DiscoverStartupsBIMA Mobile (Milvik)
BIMA Mobile (Milvik) company logo
Mobile-based microinsurance for the developing world1001-5000 Employees
  • Scale Stage
    Rapidly increasing operations
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BIMA Mobile (Milvik) careers

Mobile-based microinsurance for the developing world
BIMA provides mobile-based low-cost micro insurance and health services (prepaid tele doctor) in the developing world. We do so by developing partnerships with mobile network operators, banks, micro finance institutions and many others.

Our customers typically live on less than $10 per day; they are at high risk for illness and injury. Insurance is a powerful tool that can prevent families from falling back into poverty, but insurance penetration in emerging markets, is typically less than 3% (as a percentage of GDP).

We cater to this group by designing low-cost, simple insurance policies that are sold responsibly (i.e. consumers are educated about insurance at point of sale), yet providers struggled to scale their operations.

BIMA, believes that mobile technology holds the key to unlocking the full, mass-market potential of microinsurance. Mobile penetration in emerging markets has now surpassed 80%, which creates a vast opportunity to reach target consumers.
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Max Bergman
Avatar for Max Bergman
7 years experience in launching successful high-growth companies from scratch. Locations include London, Kuala Lumpur and most recently Sri Lanka.
Valuation

$0

Funded over

1 round

Latest round

Jul 2015

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