South Africa's only peer-to-peer insurer, Pineapple Insurance, is getting the attention of some of the biggest insurers and other financial services firms around the world.
The young InsurTech company is now the technology provider of the biggest insurance firm on the east coast of the US: Traverse. The US giant was looking for an enhanced mobile app the ability to sell its digital insurance product, Traverse and chose Pineapple to develop it.
"Currently, we're operating in the state of Texas, and soon we'll be assisting them in New York as well. It's just a technology-provision deal, but there's a lot of opportunities over there. We are really excited about this prospect," said Pineapple's chief technology officer, Sizwe Ndlovu.