#39: BIMA (Milvik) - How the HealthTech company is providing insurance & medical services across emerging markets

Afrobility: Africa Tech and Business - A podcast by Olumide Ogunsanwo and Bankole Makanju

Categories:

Overview: Today, we’re going to talk about BIMA - the HealthTech insurance company. We’ll explore BIMA's story across 6 areas:

  1. African Health care status & context
  2. BIMA Health founding and early history
  3. Fundraising & Growth
  4. Product & monetization strategy
  5. Competitive positioning & potential exit options
  6. Overall outlook.

This episode was recorded on Oct 3, 2021

Companies discussed: BIMA (Milvik), Kinnevik, LeapFrog investments, Allianz X (Allianz Group), Millicom, Digicel, China CreditEase, Jamii, M-Tiba, BlueWave, MicroEnsure & Gates Foundation

Business concepts discussed: HealthTech (Healthcare technology), InsurTech (Insurance Technology), Telco partnership, geographical expansion & Health policy

Conversation highlights:

  • (00:45) - Why we’re talking about BIMA Health
  • (05:15) - African Health care context
  • (05:58) - Insurance context in Africa
  • (28:58) - Founder background - Gustaf Agartson
  • (35:40) - Fundraising and early growth
  • (45:10) - BIMA Health traction- markets, users, etc
  • (49:50) - Product , go-to-market and monetization strategy
  • (1:05:38) - Geographical expansion
  • (1:07:36) - Competition and options for exits, M&A
  • (1:29:52) - Olumide’s overall thoughts and outlook
  • (1:37:05) - Bankole’s overall thoughts and outlook
  • (1:51:04) - Recommendations and small wins

Olumide’s recommendations & small wins:

Bankole’s recommendations & small wins:

Listeners: We’d love to hear from you. Email [email protected] with feedback!

Founders: We'd love to hear about what you're working on, email us at [email protected]

Investors: We'd also love to link up with you to drive the ecosystem forward. Contact us at [email protected]

Join our insider mailing list where we get feedback on new episodes & find all episodes at Afrobility.com