LUMKANI

Lumkani is an impact-focused South Africa-based InsureTech, building community resilience using a combination of technology and financial services. It started its journey tackling informal settlement fires and has built a platform to deal with the broader protection gap - the large base of underserved customers who lack access to affordable, relevant insurance products. Lumkani's first product was a mesh networked IoT fire detector designed for informal homes, to create a community wide alert i... n the event of fire. This award winning technology has proven to have a significant impact in limiting the spread of fire. It is in over 50000 homes predominantly in South Africa, as well as in Bangladesh and Kenya. In 2017, Lumkani launched a world first fire detection and fire insurance bundle for people living in informal settlements/slums, partnering with Hollard Insurance. This product gives customers the finances they need to get back on their feet after disaster. In developing a platform to distribute to and service this low income customer base, Lumkani discovered the protection gap. As it scales its distribution platform across South Africa and other markets, it is also dealing with the protection gap by launching additional relevant products onto the Lumkani platform.More