Finweek - English

Insuring like it’s the future

the days of a man in an oversized, dreary grey suit, sitting at his desk in a smoke-filled office selling stock-standard insurance policies are long gone. Insurance is now the sexiest industry on the block.

Just ask those who head up the Naspers* Foundry, which in early August announced another investment in the insurtech space: R120m into Naked, an AI-driven insurance firm. This follows a R34m investment into Ctrl, a digital short-term insurance advice platform, in July.

The excitement makes sense. Insurance is generally a fast-growing sector

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