Africa InsurTech Rising

What Africa InsurTech Rising does

Africa InsurTech Rising (AIR) is a Nigeria-based community platform and media organization founded in 2020 to promote insurance technology innovation across Africa, where insurance penetration remains under 3% despite a population of approximately 1.2 billion. The company's core products include a flagship podcast series featuring African insurtech founders and industry experts, 'The Bridge' — an international innovation program launched in 2021 in partnership with Insuretech Connect that provides selected startups with mentorship, B2B matchmaking, ITC Vegas exposure, and investment readiness support — and a tiered membership program for startups and corporates. Operationally, AIR executes an event-driven and community-led go-to-market, hosting virtual forums and partnering on international conferences while recruiting regional ambassadors across Africa.

The underlying technology stack is a WordPress-based website with podcast hosting and membership registration functionality; no proprietary AI, ML, or advanced software capabilities are disclosed. Revenue mechanics rely on membership subscriptions at undisclosed tiered pricing and sponsorship support from partners including Insuretech Connect, GSMA, Findexable, FSD Africa, Pula, and Naked Insurance. AIR serves a tri-segment audience: insurtech startups seeking visibility and capital access, insurance corporates seeking innovation partnerships, and investors/industry professionals seeking African deal flow. The organization operates with a lean team of 1-10 employees from Lekki, Lagos, with geographic engagement confirmed across Nigeria, Kenya, and Egypt.

Name

Africa InsurTech Rising

Legal name

Africa InsurTech Rising

Website

https://africainsurtechrising.com.ng

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Africa InsurTech Rising is a Nigeria-based community platform and podcast network founded in 2020 that supports African insurtech startups through membership programs, industry events, and 'The Bridge' international innovation program, connecting founders, corporates, and investors across the continent.

Ownership category

akta.pro rank

Product category

Insurtech Community Services

NAICS

Business Associations (813910), Business, Professional, Labor, Political, and Similar Organizations (8139)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Corporate Accelerators & Startup Programs (FSANAHAD)

akta.pro secondary industry

Corporate & Leadership Development (BPACANAA)

Keywords

• Insurtech community platform
• Insurance innovation programs
• Startup ecosystem events
• Industry podcast series
• Membership networking services

Headquarters

HQ city

Lekki

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others

Revenue model

1. Membership Fees: Organization collects membership registrations from startups and corporates at various revenue tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Africa InsurTech Rising operates a community platform that aggregates African insurtech entrepreneurs, startups, corporates, and investors through a flagship podcast series, a tiered membership registration program, and international innovation programs such as "The Bridge" that provides mentorship, B2B matchmaking, visibility, and capital access to African insurance technology startups and founders.

Product overview

Africa InsurTech Rising operates as a community platform and podcast series focused on promoting African narratives in insurance technology. The organization offers The Bridge, a summer international innovation program that provides B2B opportunities, mentorship, visibility, capital access, and sparring opportunities to insurtech startups and founders. Additionally, the AIR Membership Program enables startups and corporates to register and engage with the insurtech community. The podcast series aggregates and showcases insurtech entrepreneurs, startups, corporates, investors, and trends across Africa and globally.

Differentiator

Problem solved

Functional benefit

Products and services

• The Bridge (Summer International Innovation Program) An international summer innovation program that identifies and showcases innovative insurance technology products and solutions by startups and founders across Africa, offering B2B opportunities, mentorship, visibility, capital access conversations, and sparring sessions with mature insurtechs and corporates.
• Africa InsurTech Rising Podcast The organization's flagship podcast series that aggregates and shares stories of InsurTech entrepreneurs, startups, corporates, investors, and trends across the African insurtech community and globally.
• AIR Membership Program Membership registration program offering tiered categories for startups and corporates in the African insurtech ecosystem, collecting company revenue tiers and representative information.

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Insuretech ConnectcoreStrategic or Co-development Partner · 1 January 2021Primary partner supporting The Bridge international innovation program. Insuretech Connect provides international platform access including complimentary ITC Vegas tickets for finalists and speaking/demo stage opportunities for winners.
• African Fintech NetworkcoreStrategic or Co-development PartnerPartnered to host Stop 1 and Stop 2 of The World ITC+DIA Tour 2020 in Africa, connecting African insurtech with international fintech ecosystem
• AFN (African Fintech Network)coreStrategic or Co-development PartnerSponsor of The Bridge program, supporting African insurtech innovation
• GSMAminorStrategic or Co-development PartnerSponsor of The Bridge program, supporting mobile ecosystem connections for insurtech
• QuesnaycoreStrategic or Co-development PartnerCo-host of Female Founders in InsurTech competition, running its third year in 2020. AIR featured Quesnay's competition to promote female entrepreneurs in insurance technology.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Insuretech Connect: Insuretech Connect (ITC) is the world's largest insurtech conference and community. ITC is AIR's primary strategic partner and the directly comparable organization - both operate as insurtech community and event platforms, with ITC providing international stage access (ITC Vegas) that AIR leverages through The Bridge program.
• African Fintech Network: African Fintech Network is a continental ecosystem-building organization hosting community events, tours, and accelerator-style programs across Africa. AFN co-hosts the World ITC+DIA Tour 2020 with AIR and is a sponsor of The Bridge, making it a directly comparable peer in mission, structure, and go-to-market.
• Quesnay: Quesnay is a women's-focused insurtech accelerator and venture firm; AIR co-hosts Quesnay's Female Founders in InsurTech competition. Both organizations operate insurance-specific community + accelerator programs targeting founders and corporates.
• Digital Insurance Agenda (DIA): DIA organizes the world's largest insurtech community events (DIA Amsterdam, DIA Munich, World DIA Tour). AIR partnered with DIA via the World ITC+DIA Tour 2020; both run multi-city innovation tours connecting startups with insurers globally.

Broad incumbents

• Plug and Play Insurtech: Plug and Play runs one of the largest global insurtech accelerator programs, providing mentorship, corporate connections, and capital access to startups. It is a comparable incumbent ecosystem player at much greater scale, demonstrating the category AIR operates in.
• EFMA (now part of Sopra Steria): EFMA is a long-established insurance and financial services association providing networking, research, and innovation programs to insurers worldwide. It is a mature, broad-incumbent analogue to AIR's insurtech community concept.
• Startupbootcamp InsurTech: Startupbootcamp InsurTech is a global accelerator program for insurance technology startups, with corporate partners and alumni networks. It is structurally similar to AIR's The Bridge program at a global, multi-year scale.

Emerging players

• Findexable: Findexable is a fintech index and ecosystem data provider that is also a sponsor of AIR's Bridge program. It targets fintech ecosystem visibility and is a comparable emerging ecosystem-builder, though positioned more as a data/index brand than community.

Regional players

• Insurtech Israel: Insurtech Israel is the Israeli insurtech community and ecosystem organization, running events, delegations, and partnerships with global insurers. Comparable in mission and structure to AIR but focused regionally on Israel rather than Africa.
• Africa Fintech Foundry: Africa-focused fintech innovation hubs and community platforms that operate accelerator, event, and ecosystem programs across the continent. Comparable as regional peers serving the broader African fintech/insurtech community.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/africa-insurtech-rising

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Africa InsurTech Rising