A wide randing conversation with Shady El Tohfa, the CEO of Amenli, a digital broking company in Egypt.
Key learning opportunities for an Insurtech founder in the Middle East include:
1. Recognizing the low insurance penetration in the region as an opportunity for digital disruption.
2. Understanding the importance of regulatory compliance and adapting to local insurance laws.
3. Leveraging existing technologies and platforms to build efficient solutions.
4. Focusing on customer education to increase awareness and trust in digital insurance products.
5. Tailoring insurance products to suit the unique needs and preferences of the regional market.
6. Building a strong team with diverse skills, including tech, finance, and insurance expertise.
7. Prioritizing data security and privacy to build customer trust.
8. Developing a clear and sustainable business model.
9. Embracing innovation to stay ahead in a rapidly evolving sector.
10. Establishing robust investor relations and effective fundraising strategies.
Renjit Philip:
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Vidya Veerapandian:
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