AB Entheos Expands Climate Risk Protection Through Insurtech Innovation

AB Entheos is pioneering innovative insurance solutions to close Africa’s vast protection gap. Using insurtech, AB Entheos designs contextualized products covering climate threats and more to empower underserved groups.

As Barbara Chesire, Managing Director of AB Entheos, explained, “This solution is especially valuable for those who live in areas with a high risk of flooding but may not have access to conventional home insurance due to factors such as location or cost. This provides a more accessible and affordable option for such households.”

Leveraging alternative data and advanced modelling, AB Entheos launched flood insurance for Kenyan farmers in partnership with Britam and Swiss Re. Payouts are triggered when flood levels reach predetermined thresholds.

AB Entheos also utilizes satellites to design livestock insurance, allowing quicker drought-related payouts to pastoralists. Its tailored microinsurance covers health risks, accidents and more for informal workers.

By harnessing insurtech, AB Entheos lowers costs and expands efficient distribution. Through innovation, AB Entheos brings inclusive climate risk protection and resilience solutions to vulnerable communities across Africa.

Source: How insurtechs are ripping up the insurance playbook