Financial inclusion is still a major challenge in many parts of the world. Traditional systems often miss out on reaching wider customer segments. However, technology is changing this by helping insurers offer simple, affordable, and scalable insurance products for people left out.
At Tidal Waves, we provide flexible insurance technology that allows insurers to create and launch inclusive insurance products quickly. Our platform helps insurers deal with distribution issues, lower their costs, and reach customers who were previously not covered.
How InsurTech Expands Financial Inclusion
- Digital Distribution: Reaching Underserved Markets
Challenge: Physical branches and networks are expensive and don’t work well in low-income areas.
Solution: Mobile-first insurance distribution using different digital channels.
Tidal Waves’ Approach:
Our flexible platform helps insurers:
• Set up custom distribution through USSD, WhatsApp, and mobile apps
• Adjust products for different types of customers
• Add new digital channels without needing major development work
- Making Microinsurance Economically Viable
Challenge: Small insurance policies are often not profitable because of high admin costs.
Solution: Automated processes designed for microinsurance.
Our Technology Solution:
The Tidal Waves platform includes:
• Custom premium collection (daily, weekly, or pay-as-you-go)
• Flexible policy management rules
• Automated claim handling processes
- Inclusive Underwriting for New Customer Segments
Challenge: Many people are left out because they don’t have a formal credit history.
Solution: Flexible ways to assess risk using different types of information.
How We Help Insurers:
Our platform offers:
• Custom underwriting rules using alternative data
• Fast testing and updates for new products
- Building Trust Through Efficient Claims
Challenge: Slow claims processes make customers lose trust.
Solution: Custom digital claims management.
Tidal Waves’ Solution:
Our platform gives insurers:
• Flexible claims workflows
• Custom rules for verifying claims
• Real-time tracking of claim status
- Seamless Partner Ecosystem Integration
Challenge: Older systems make it hard to work with other businesses.
Solution: Easy-to-use system with strong connectivity.
Our Approach:
With Tidal Waves, insurers can:
• Quickly connect with mobile money providers
• Set flexible commission plans for partners
• Securely exchange data with other systems
Flexible Technology for Inclusive Insurance
The future of insurance depends on systems that are easy to adjust and work for all kinds of markets. The Tidal Waves platform gives insurers the tools to:
• Build and launch inclusive products fast
• Reduce the time it takes to bring products to market
• Serve customer groups that were not covered before
• Form partnerships in the financial world
By offering flexible, easy-to-use technology, we’re helping build an insurance market that works for everyone.
Partner with Tidal Waves to support your inclusive insurance goals with smart, adaptable solutions.
