Lami addresses Africa's significant insurance gap by digitising the entire process and empowering agents to sell products like SME WIBA, personal accident, and motor insurance. After a strategic pivot to an agent-driven model, Lami has doubled its revenue and now generates over $300,000 monthly.
What We Discuss With Jihan
• What challenges in the African insurance market inspired the launch of Lami, and how Jihan aimed to address them.
• What led to Lami's pivot to an agent-driven model, and how this approach reshaped the company's growth and impact.
• How Lami's platform works to close the insurance gap in Africa, particularly in reaching underserved and remote communities.
• The challenges and lessons that came with raising $5.5 million as one of the first female African founders in the insurtech space.
• How Lami navigates the challenges and risks of operating in an emerging market with a developing insurance industry.
Did you miss my previous episode where I discuss How Dodai Is Building Affordable, High-Speed Electric Motorcycles in Ethiopia? (https://www.buzzsprout.com/1901592/episodes/16122255) Make sure to check it out!
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Connect with Terser on LinkedIn at Terser Adamu (https://www.linkedin.com/in/terseradamu/) , and Twitter (X) @TerserAdamu (https://twitter.com/TerserAdamu)
Connect with Jihan on LinkedIn at Jihan Abas (https://www.linkedin.com/in/jihan-abass-09b609125/) s, and Twitter (X) @LamiInsurtech (https://x.com/LamiInsurtech)
Discover how Verto’s solutions can help you accept payments, manage expenses, and scale with ease here (https://www.vertofx.com/About-Us/Resources/Whitepapers-and-Reports/overcoming-common-payment-bottlenecks/?utm_campaign=15447603-2025_06_nig_Verto%20Corner_Unlocking%20Africa&utm_source=unlocking%20africa%20podcast&utm_medium=whitepaper)