Casava Wins InsurTech of the Year Award

Casava, Nigeria’s first 100 per cent digital insurance company, was recently recognised at the Business Day Banks and Financial Institutions (BAFI) Awards . as the ‘InsurTech of the Year’

The BAFI Awards celebrates the great accomplishments of industry trailblazers across several categories in the financial industry including; Fintech, Banking, Insurance, Investments, Pension Funds and other Financial services. The winner of the InsurTech of the Year Award was chosen based on the criteria that the company must be fully licensed to operate by Nigeria’s insurance regulator, NAICOM, and must be an innovative technology company that enhances, extends or replaces a traditional approach to servicing insurance customers’ needs. The company’s solutions/ products must also be solving real customer needs, with the view of creating genuine innovation in the insurance industry.

This win by Casava spotlights the exceptional feat Casava has been able to accomplish in a short period of time in a highly competitive industry.

Led by the company’s CEO, Bode Pedro, a veteran technology entrepreneur that has built many successful companies, including Veda Technology, one of Nigeria’s premiere computer hardware manufacturers, ‘Casava has recorded significant milestones in 2022. In February 2022, the startup announced a $4 million pre-seed funding to support customer acquisition and growth; product and technology development. Casava has also acquired more than 95,000 customers with $23 million in insurance coverage and was officially inducted as the first Insurtech and Microinsurance member of the Nigerian Insurers Association (NIA) in October, 2022’.