Insurer Allianz has invested $96.6m to become the largest strategic shareholder in mobile insurance and health platform Bima.
Allianz X, the digital investment unit of insurance firm Allianz, yesterday made a $96.6m investment in Bima, a Sweden-based provider of insurance and mobile health services in developing markets.
The deal, which valued Bima at about $300m post-money according to TechCrunch, makes Allianz the company’s largest strategic shareholder.
Founded in 2010, Bima enables consumers in emerging markets to take out life, health and accident insurance through their mobile devices.
The company partners local operators such as telecommunications networks, banks and…
