Turaco Surpasses 2.5 Million Customers, Paving the Way for Insurance Inclusion Across Africa
Turaco, Africa’s leading insurtech company, has reached a significant milestone by surpassing 2.5 million customers across four markets in just six years.
With an impressive growth of 1.5 million new customers in the past year alone, this achievement underscores the increasing demand for accessible and affordable insurance across the continent.
Turaco attributes its rapid growth to a strong focus on serving end customers, many of whom are experiencing insurance for the first time. The company prides itself on being in the “claim paying business,” ensuring it delivers real value to its users. Turaco’s services have led to improved quality of life for customers, who report reduced stress during medical emergencies, timely access to care, and financial relief from claim payouts.
“Reaching 2.5 million customers in such a short time confirms that our vision of insuring 1 billion people is attainable,” said Ted Patone, CEO and Co-Founder of Turaco. “This milestone is more than just a number; it reflects real people whose lives have been positively impacted by our services. We are driven every day to ensure our customers have the protection they need for themselves and their families.”
Turaco’s vision is to insure one billion people over the next 25 years, aiming to double the number of insured individuals globally. The company also seeks to foster an environment where both team members and customers enjoy healthier, happier lives while proactively managing the risks they face.
