Bimalab Ethiopia
BimaLab is an accelerator that attracts key players and disruptors to connect, create and scale innovative solutions to build resilience and create the future of insurance in Africa.
Mark your calendars! We are thrilled to announce the upcoming BimaLab Ethiopia Demo Day on March 07th, 2024. This conference is a must-attend event for insurance professionals, innovators, investors, corporate partners, and regulators. Join us as we celebrate the achievements of the BimaLab Ethiopia Accelerator Programme and explore opportunities for collaboration and growth in the insurance industry. Don't miss this chance to connect with industry leaders and be part of the future of insurance!
07th March, 2024
8:30 AM – 1PM
Networking is at the heart of every great event, and we believe your next valuable connection could be just a click away. Join our vibrant community of professionals, innovators, and thought leaders. Connect, share, and learn from your peers.
Ethiopia Country Lead, Inclusive Financial Systems-Global Growth and Opportunity Division
Keynote Speaker
Ethiopia Country Lead, Inclusive Financial Systems-Global Growth and Opportunity Division
Specialties: Product Management | Agile Methodologies | UX/UI design | Product roadmap | Marketplace Platforms | Data Analysis | Customer Value Management | Business Development | Project Management | Strategy Definition | Partnership Building | Stakeholder Engagement | FinTech | Digital Financial Services | Financial Inclusion
President, Association of Ethiopian Insurers (AEI)
Keynote Speaker
President, Association of Ethiopian Insurers (AEI)
Yared has over 30 Years of proven truck record in risk management, insurance and leadership. Yared currently is the CEO of Nyala Insurance S.C. One of the leading insurance company in Ethiopia. During the course of the past 7 years , Yared has stirred Nyal Insurance to the forefront of insurance business as it becomes the most profitable private insurance company in Ethiopia.
Director, Financial Inclusion Pillar, FSDE
Speaker
Director, Financial Inclusion Pillar, FSDE
Principal, Innovation for Resilience, FSD Africa.
Speaker
Principal, Innovation for Resilience, FSD Africa
Elias has over 10 years of experience in developing policies and regulations in the financial sector. He leads the development and implementation of programmes that work to improve the enabling environment for risk markets in Africa to drive systemic change in the market for insurance and other risk management instruments at FSD Africa.
Previously, Elias worked as an Actuary at the Insurance Regulatory Authority (IRA) of Kenya where he was instrumental in the development and implementation of risk-based regulations and automation of supervisory processes and tools in the insurance sector. He also supported market innovation, designing, and testing innovative mechanisms of risk management through the formulation of the Regulatory Sandbox (BimaBox) and InsurTech Accelerator Platform (BimaLab)
Elias worked on various international technical assistance projects for the World Bank, IMF and GIZ assisting over 15 regulatory bodies in the insurance, pensions and capital markets sector in Africa, Asia and the Caribbean to strengthen their regulatory and supervisory frameworks.
Elias holds a Master of Science (MSc) in Actuarial Management from Cass Business School, United Kingdom and a Bachelor of Science (BSc) in Actuarial Science, with IT from Maseno University. He is an Associate Actuary of The Actuarial Society of Kenya (TASK) and Institute and Faculty of Actuaries (IFOA), United Kingdom.
Co-Founder & CEO, iceaddis.
Moderator
Co-Founder & CEO, iceaddis.
Markos Lemma is CEO and Co-founder of iceaddis, a company that focuses on fostering innovation and entrepreneurship in Africa, particularly in the field of technology, digital innovation, and the creative industry.
Co-establishing logic and strategy for a literacy and technology project in highly remote Ethiopian villages with MIT & Tufts University. Based on the experience xPrize launched a $15mil literacy project award in 2015.
Markos works with high-potential and socially responsible startups in East Africa. Invest in early-stage startups. Speaker on TEDx 2014. His work has been mentioned in different media such as The Economist, BBC, VOA, CCTV, Al Jazeera, TechCrunch, Capital Magazine, and El Pais.
Director, Payment and Settlement Systems Directorate, the NBE
Panelist
Director, Payment and Settlement Systems Directorate, the NBE
Solomon is a seasoned professional with over a decade of experience in shaping the trajectory of payment and settlement systems within Ethiopia's financial landscape. Currently serving as the Director of Payment and Settlement Systems at the National Bank of Ethiopia (NBE), his journey has been marked by a relentless pursuit of innovation and inclusivity in financial services. Over the years, he has led transformative initiatives, from drafting pivotal directives and strategies to overseeing the modernization of digital payment systems. His expertise extends to areas such as digital finance, project management, and securities clearing & settlement, reflecting a comprehensive approach to navigating the complexities of the modern financial ecosystem. With a steadfast commitment to fostering financial inclusion and resilience, he continues to drive forward-looking strategies that position Ethiopia at the forefront of global financial innovation.
Innovation Ecosystem Development Senior Advisor @ Ministry of Innovation and Technology
Panelist
Innovation Ecosystem Development Senior Advisor @ Ministry of Innovation and Technology
Visionary leader with a rich background in the Ethiopian digital, innovation, education, and entrepreneurship ecosystem. With a doctorate from the University of Nantes and an EU Erasmus Mundus-accredited master's from the University of Paul Sabatier in Toulouse France.I've merged academic rigor with hands-on expertise to drive systemic interventions and large-scale impact.
My roles have spanned from academia, serving as an Assistant Professor at Adama Science and Technology University, to pivotal positions at the Ministry of Innovation and Technology, where I've been integral to the Digital Ethiopia 2025 strategy and its subsequent implementation. Throughout my journey, I've championed projects that bridge the gap between vision and execution, securing funding for transformative initiatives and fostering collaborations on a global scale.
A recognized voice in the sector, I frequently share insights as a speaker, consultant, and coach, leveraging my vast network to foster collaborations. Fluent in Amharic, English, and French, I believe in the power of effective communication and its ability to nurture partnerships and propel innovations.
I'm dedicated to harnessing the synergy of strategy and implementation to transform visions into tangible results. Let's connect and explore how we can drive innovation together.
Managing Partner, Melela Partners
Panelist
Managing Partner, Melela Partners
Amity is passionate about fostering strong teams to build strategies that create tangible value and companies that continue to generate that value for long-term profitability.
Chief Operating Officer OVID Venture Capital
Panelist
Chief Operating Officer OVID Venture Capital
Mahlet Kassaye is the Chief Operating Officer OVID Venture Capital. OVID is an acronym that stands for “OUR Vision is Development”. OVID Venture Capital is a company that is formed under its parent company the OVID-Group. OVID Venture Capital is an investment firm that provides financial and non-financial support to start-ups and business that are believed to be innovative and have high growth potential.
Director - Innovative Finance Lab, UNDP.
Panelist
Director - Innovative Finance Lab, UNDP
TBC
Co-Manager, First Circle Capital.
Panelist
Co-Manager, First Circle Capital.
Selma Ribica is a Fintech entrepreneur and VC investor. Founder of First Circle, a venture capital fund and a global community, backing FinTech companies in key African tech hubs. A veteran of the fintech industry, Selma founded an award-winning money transfer service Lebara Money and was an early executive at M-Pesa, the pioneer mobile money service. Operational fintech experience in Kenya, Tanzania, Ghana and the UK. VC investment track record across Africa: Tunisia, Morocco, Kenya, Egypt, Ghana, Nigeria, South Africa, Ivory Coast.
The Summit by BimaLab Ethipia Accelerator seeks to ignite conversations, inspire collaborations, and drive the growth of insurtech across Ethiopia, ultimately leading to a more inclusive and innovative insurance industry in the country.
Page 1
Page 2
Page 3
Omishtu-Joy Tech Solutions specializes in providing innovative agritech products and services, primarily centered around their revolutionary agritech device. Their primary offerings include:
1. Agritech Device: The device is equipped with cutting-edge technology, including Artificial Intelligence (AI) and cloud computing to assess soil health, nutrient levels, and provide real-time recommendations for crop selection and farming practices.
2. Soil Investigation Service: Soil investigation services through local investigation centers.
eQub is a peer-to-peer digital platform for saving groups and lending circles to access finance in a democratic, decentralized and cashless manner.
Their platform caters to a wide range of users, especially the underbanked & unbanked populations, including MSMEs, gig-economy workers, low-income households and farmers under cooperatives.
ToloFix is dedicated to empowering gig economy workers offering pay-as-you-go insurance coverage, specifically designed for on-demand workers such as ride-sharing drivers, delivery personnel, and short-term rental hosts.
Their primary product is flexible insurance coverage that can be activated and deactivated by gig workers based on their working hours aligning insurance with the flexible nature of gig work.
Lersha offer a bundled service comprising farm input, mechanization, agro-advisory and access to finance for smallholder farmers across five regions in Ethiopia.
Presently active in Oromia, Amhara, Central Ethiopia, Sidama and Somali operating in 130 woredas reaching close to 135,100 smallholder farmers in the last 4 years, the Lersha platform empowered by the digitally enabled Lersha agent, call center and mobile application is changing lives across the country.
HuluCares is a pioneer in reshaping healthcare access in Ethiopia through their innovative health insurance solutions.
Their comprehensive product, "HuluCares," combines the best of traditional Iddir support with cutting-edge technology.
InsuretechX offers a range of innovative insurance products and services accessed through a user-friendly mobile application that allows individuals to easily explore and purchase insurance policies.
Their platform offers a wide variety of insurance products, including auto insurance, home insurance, health insurance, and more.
The company primarily focuses on providing essential financial services through their CICO (Cash In Cash Out) outlets.
These services include cash deposits, cash withdrawals, bill payments, money transfers, mobile top-ups, and occasionally, additional financial services like microloans, insurance, or assisting with savings account openings.
Imbizo works with smallholder farmers to provide risk mitigating products to farmers such as insurance aggregation and education around insurance.
TENAWO is the first multiuser health service website and mobile application in Ethiopia. It aims to address the communication gap between healthcare providers, healthcare facilities, and clients, playing a vital role in the day-to-day health activities of society.
The TENAWO platform is designed to accommodate various healthcare services and users.
Countrywide
Nyala Insurance (NISCO) is committed to continuous product development and diversification to enhance its insurance services. we understand the importance of eliciting customer needs and providing innovative solutions.
In 2021, Nyala established a dedicated digital insurance service center separate from its conventional insurance business. Four months after its establishment, the business unit launched "Le-Mobile," the first mobile insurance product in Ethiopia.
Le-Mobile is designed to protect smartphones against accidental losses, damages, breakdowns, and thefts. With an insignificant daily premium payment, Le-Mobile is expected to provide much-needed relief to several smartphone users across the country.
Addis Ababa
Our new product aims to establish an innovative insurance aggregator platform. This platform will serve as a centralized hub, providing valuable information on insurance product categories tailored to specific consumer segments.
In addition, it will offer users the ability to request and receive insurance quotations without any obligation, while also providing a seamless opportunity to purchase insurance through our integrated payment platform.
Afar Region, Amhara Region, Central Ethiopia Regional State, Harari Region…
The United Insurance Company SC, better known as, UNIC-ETHIOPIA was established by 87 Ethiopians (individuals and enterprises) in November 1994 with an authorized capital of Br 25 million and an initial paid up capital of Br 8.073 million.
It received its license and started writing Non-Life Insurance Business from just one office location at Meskel Square on 10 November 1994.
Addis Ababa
Tsehay is mainly engaged in general insurance, in its business there are more than seven market segments with their target customers including; Sole proprietorship companies, PLcs and share companies.
Their target customers are the majority of low income society.
Amhara Region;Central Ethiopia Regional State;Oromia Region…
Nib Insurance Company (NIC) was founded in 2002. It provides both general & life insurance and its annual Gross Written Premium Income exceeding one billion Birr.
NIC is recognized as one of the leading private insurance companies in the country, being among the top five providers.
