Insurance providers across Africa often struggle with slow premium collections, high reliance on cash or manual transfers, and delayed claims payouts that reduce customer trust. Many customers, particularly in underserved or rural markets, remain excluded from insurance because traditional payment systems are inconvenient or inaccessible. This leads to lower adoption rates and inefficiencies in managing policies.
Mony offers a digital-first solution by enabling customers to pay insurance premiums directly through their wallet, whether as one-time payments or automated recurring transactions. Claims can also be disbursed instantly into the insured customer’s wallet, reducing delays and improving customer satisfaction. For providers, the wallet integrates seamlessly with existing systems, giving them a reliable and transparent payment channel.
This creates a win-win model where insurers lower their operational costs, improve cash flow, and reach new market segments, while customers benefit from easier premium payments, faster claims, and a more trustworthy experience. By making insurance more accessible and efficient, Mony helps drive broader financial inclusion and builds stronger relationships between providers and policyholders.
