Power through Partnership – New market opportunities for InsurTech in the ridehailing sector

The ride-hailing market in Africa is currently booming. In 2019 a total of $128.4 million USD was invested into transport and logistics companies in rounds totalling $1 million USD or more. In 2019, 13% of the total investment went into transport and logistics, 40.6% of this was invested in ridehailing or ridesharing solutions.

We surveyed bodaboda motorcycle taxi riders who are either independent or affiliated with ridehailing companies in Nairobi. We look in more detail at both insurance coverage and some of the factors influencing purchasing decisions.

This report was first published in December 2019.

insuretech survey responses from boda riders in kenya

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Contact the authors for more information about our Insight

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