Kenyan-based and Africa’s leading insurtech Turaco has appointed former Pula Commercial Director Cedrick Todwell as the new Business Development Director, effective October 1, 2024.
Turaco provides affordable health and life micro-insurance across Africa and aspires to insure 2 billion people in the next ten years.
Speaking on his appointment, Todwell stated that Turaco has a track record of being customer-centric, innovative, and keeping its promise of paying claims on time when they are due.
“ In my new role, I will work closely with the team and like-minded partners to help Turaco accelerate Africa insurance penetrations from the current 3% to double digits.”
“Turaco has insured over 2.5 million lives, focusing on micro health, credit life, micro property, and life products that are designed, distributed, and serviced with the Kenyan mass market customer in mind,” said Todwell.
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During his tenure at Pula, Cedric was very instrumental in helping it scale their microinsurance products by working with governments and private sectors across Kenya, Uganda, Mozambique, Ghana, and Malawi.
In 2018, the social entrepreneur Cedric Todwell was among Kenya’s top 40-under-40 nominees.
Additionally, he has won several awards; for instance, in 2018, he received the Change Makers award during the 100 Change Makers awards gala dinner in Johannesburg for championing affordable clean energy in Africa.
Turaco’s cutting-edge approach starts with innovative, simple, and affordable product designs, starting at a monthly premium of Kes 100.
This telesales approach utilizes local and accessible language, and an automated claims process.
“Turaco cares about paying claims and paying them fast; with our AI technology, we can pay claims to M-PESA or bank accounts within minutes of receiving full documentation,” he added.
Turaco offers a wide range of microinsurance products, including hospital cash, funeral cover, credit life, and micro-life.
The company has attracted reputable and notable clients such as Airtel, Vision Fund, One Acre Fund, M-KOPA, Letshego, Tugende, and ABSA.
