A 26-year-old Kenyan woman by the name of Jihan Abass who created the country’s first digital car insurance agency is set to represent Africa at the InsureTech Connect (ITC) 2020. Jihan is the founder and CEO of Griffin Insurance and Lami Insurance Technology.
In most African countries, it is common to see long, winding queues at banks, fuel stations and even at insurance companies. Through her company Griffin Insurance, Jihan came up with a solution for this, becoming Kenya’s first insurance company to go digital.
The Griffin Motor App allows customers to pay their insurance in as little as two minutes and avoid the long queues and waiting periods. 26-year-old Abass discussed the app’s convenience in an interview with Reuters,
“For the first time, Kenyan drivers will be able to buy their car insurance policy, with just a few simple clicks. They will read a clear, transparent policy and purchase extremely flexible insurance covers with adjustable periods and coverage amounts.”
Also speaking during the launch of the app earlier this year, Abass said Griffin will make life easier and safer for motorists both on and off the road due to its smart emergency-response option.
“This is very exciting for Lami. It’s been our dream to bring insurance products to smartphone users. This app features additional powerful services that will change how users interact with their cars,” she said, adding,
“The in-app help button commands the system to dispatch ambulances, towing trucks or security teams nearest to the motorists across the country.”
Through Lami InsurTech, Abass is also helping other insurance companies go digital. Lami sells the technology platform used to build Griffin, allowing other businesses the opportunity to create their own digital insurance products. Currently, the company has a 14-member team.
In Kenya, where most businesses are either foreign- or male-owned, this is ground-breaking for Abass. She noted that sometimes when she goes for meetings, people don’t realise she is who they are waiting for until she is introduced.
Abass, a graduate of Saïd Business School, University of Oxford, always had an interest in business, venturing into sugar trading before getting into insurance. This is what she had to say about her selection for the ITC Global connect.
“I’m very excited to be one of the people who are going to be representing Africa in this world insuretech pitch. It is really quite a big validation for us since what we are doing is relevant and people are excited about it,” she told Citizen TV.
ITC connect is the largest gathering of insurance bigwigs and innovative minds and it will be held from the 21st to the 23rd of September. It will be headlined by one-on-one meetings, digital expos, speed networking, among other activities.