Britam Insurance has recently launched BetaLab, an innovative incubation hub aiming to accelerate insurtech and fintech startups. The program, aligned with Britam’s growth pillars, focuses on partnerships and technology to conquer new markets and prepare for the future.
BetaLab’s mission is to incubate, innovate, and accelerate startups, fostering internal innovation while exploring collaborations with technology-driven ventures. The program offers a six-month internship, providing an ideal environment for co-creation with global tech giants like Visa and Amazon Web Services.
Several startups have flourished under BetaLab, such as Motisure’s trip insurance platform and Karopay’s mobile-based savings initiative. Britam emphasizes the strategic vision behind BetaLab, emphasizing technology’s role in reshaping the insurance landscape.
Tom Gitogo, Britam’s Group Managing Director, highlights the importance of technology partnerships for scaling up, conquering new markets, and future readiness. Evah Kimani, Britam’s Partnership and Digital Director, emphasizes BetaLab’s role in enhancing efficiency and providing personalized services.
Looking ahead, BetaLab plans to establish workshops for training, brainstorming, and mentoring startups, collaborating with innovation institutions. The program aims to continue its internship initiative, provide hands-on experience, facilitate investor pitches, and actively contribute to the broader innovation ecosystem.
