Agar, an integrated digital credit and insurance service, has been launched by Kacha, Lucy Insurance, and Global Bank in Ethiopia, allowing users to access insurance without paperwork. The service targets taxi drivers and salaried employees with digital loans and includes third-party motor insurance. Accessing these services requires a brief process and has the potential to improve financial inclusion in the country.
In a notable advancement for Ethiopia’s financial landscape, a collaboration among Kacha, Lucy Insurance, and Global Bank has resulted in the launch of Agar, an integrated digital service offering both credit and insurance. This innovative platform enables users to access insurance with no physical documentation requirement and was unveiled at a press event held at the Skylight Hotel.
The launch of Agar represents a significant step towards enhancing financial services in Ethiopia, especially in the insurance sector. By addressing the needs of specific segments, such as taxi drivers and salaried employees, and leveraging digital platforms, Agar is poised to significantly increase insurance accessibility and financial inclusion in a nation with historically low insurance usage.
Original Source: shega.co
