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On Thursday, July 11, the Southern Sun in Maputo saw the official launch of the Afinidade 10⁶ competition.
This competition has the objective of making third party insurance available and accessible to every person that need it. The insurance is 100% automated for massification using facilities that technology offers.
This competition will actively contribute to Mozambique’s development, giving young entrepreneurs the opportunity to create sustainable technology insurance companies, establishing sales capacity through the use of mass technologies and allowing diversification and decentralisation of income and job creation.
Teams will present new technological solutions integrating existing platforms for the sale of insurance policies and online payment through Visa, Mastercard and Mpesa.
The aim of the Afinidade 10⁶ Millionaire competition is to boost competitiveness and local creativity, with a one million metical prize for the winning team.
Competing teams have until July 26th to present innovative, 100% automated, out-of-the-box solutions and convince the jury that they have talent and ideas to be finalists.
The Southern Sun event was attended by the representative of ARIS Seguro e ARKO, as well as other partner organisations ideiaLab, UX, OLOGA, JOJ Leadership, ITIS, Phython, Tsogo Sun, Mozdevz, Onecloud, Mutchiana Code, Technoplus, Club Of Mozambique, AMPETIC and Negócios e Revista Capital.
The Afinidade 10⁶ competition will last for three months after the finalist teams have been selected on August 1st, and is expected to finish on October 31st 2019.
Source: Afinidade / Press Release