African Independent

The Rise of Insuretech

Traditional insurance players appear eager to back the industry’s new kid on the block. During a podcast interview taped in July 2016, Frank Schutte said that his insuretech start-up aimed to transform South Africa’s micro-insurance industry. Previously the managing director of retail product and marketing at Liberty, one of South Africa’s largest life insurers, Schutte left his cushy corporate gig earlier last year to start a business called MobiLife – “Africa’s first 100% mo-bile insurance offering”.