Riovic

A platform that connects low premium insurance seekers with investors willing to back their risk in exchange for return.

Riovic is a South African FinTech company that provides an insurance market and P2P insurance service as its core business and various other financial technology based services which include a financial management service and a payment gateway service.

The insurance market that connects low premium insurance seekers directly with investors who step into the shoes of an insurance company and back the risk in exchange for premiums as a return for investment.

The company was founded in 2015 and the market was launched in 2016 to reduce costs in insurance premiums, increase financial inclusion in insurance and to enhance emerging insurance markets like P2P insurance and microinsurance.

 

Name CEO: Phiwa Nkambule
Company founded in: 2015
Country: South Africa
Website: www.riovic.com
Twitter: @riovic_
Category: Lending & Financing

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