South African insurer Hollard Insurance and Yellowwoods, a private investment group based in Europe, jointly invested 20 million ZAR (1.4 million USD) in assurTech (an innovative start-up specialized in insurance).
Called Naked Insurance, the recently established company was founded by Alex Thomson and Sumarié Greybe, two actuaries and former insurance advisors with the audit firm EY.
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[3] https://www.atlas-mag.net/en/issue/reinsurance-struggling-to-survive
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