Leapfrog Investments

LeapFrog Investments, established in 2007, is a London-based private equity firm that focuses on growth-stage investments in the financial services and healthcare sectors. It primarily targets emerging markets, including Africa and Asia, with a particular emphasis on countries like Kenya, Nigeria, Ghana, South Africa, India, Indonesia, the Philippines, and Sri Lanka. The firm invests in businesses that provide essential financial and healthcare products and services, such as insurance, pensions, savings, credit, mobile payments, and medical products distribution. LeapFrog typically invests between $10 million and $50 million, aiming for both minority and majority stakes, and expects to exit its investments within four to seven years through IPOs, trade sales, or secondary sales.

Stephen Bowey

Operating Partner

Partrick Duff

Investment Director

Gary Herbert

Co-Founder, COO, Board Member and Member of Management and Investment Committee

Michael Jelinske

Director of Investments

Annabelle Jurd

People Associate

Kuper Ph.D., Andrew

Founder and CEO

Stewart Langdon

Partner and Co-Head

Fernanda Lima

Partner

Biju Mohandas

Partner and Global Co-Lead, Healthcare

Felix Olale

Partner, Global Co-Lead, Health Investments, Board Member and Member of Investment Committee

Raimund Snyders

Partner

Nakul Zaveri

Partner and Co-Head

Past deals in Life Insurance

bolttech

Series B in 2023
Bolttech is an international InsurTech company specializing in AI-driven point-of-sale insurance solutions. Its platform offers a wide range of insurance products including device protection, travel, motor, property, life, and digital insurance to consumers worldwide, with a significant presence in Asia. Bolttech's technology enables seamless connections between insurers, distributors, and customers, facilitating efficient buying and selling of insurance products.

InsuranceDekho

Venture Round in 2023
InsuranceDekho is an insurtech platform that enables users to compare and purchase a wide range of insurance products, including travel, health, life, and motor insurance. The platform streamlines the purchasing process by allowing customers to select policies, compare quotes, and complete transactions entirely online. By offering comparisons from various rated insurance companies, InsuranceDekho aims to provide consumers with the necessary information to make informed decisions about their insurance needs, ensuring they receive the appropriate coverage for their individual circumstances.

PasarPolis

Convertible Note in 2022
PasarPolis is an insurtech startup based in Jakarta, Indonesia, founded in 2015 by Cleosent Randing. The company operates an online insurance comparison platform that aims to make insurance accessible to emerging consumers. It provides a variety of insurance options, including health, life, car, personal accident, property, and travel insurance. Through its online portal, PasarPolis enables customers to obtain quotes and manage claims efficiently, ensuring access to fast and affordable insurance plans.

Alexforbes

Private Equity Round in 2022
Alexander Forbes is a global provider of integrated financial, risk, and insurance solutions, focusing on retirement, investment, life, and asset protection services. The company operates through two main platforms: institutional and retail. Its various segments, including Investment Solutions, AF Financial Services, and AF Insurance, cater to a diverse clientele comprising retirement funds, corporations, trustees, unions, individuals, and dependents. Alexander Forbes offers a wide range of products and services, including consulting and advisory related to actuarial matters, asset management, investment strategies, and beneficiary funds. By delivering tailored financial solutions, the company aims to help clients effectively create, grow, and protect their wealth and assets.

PasarPolis

Series B in 2020
PasarPolis is an insurtech startup based in Jakarta, Indonesia, founded in 2015 by Cleosent Randing. The company operates an online insurance comparison platform that aims to make insurance accessible to emerging consumers. It provides a variety of insurance options, including health, life, car, personal accident, property, and travel insurance. Through its online portal, PasarPolis enables customers to obtain quotes and manage claims efficiently, ensuring access to fast and affordable insurance plans.

AIICO Insurance

Post in 2020
AIICO Insurance is a prominent financial services provider in Nigeria, specializing in a comprehensive range of insurance solutions for both individuals and corporations. The company offers various insurance products, including life, health, auto, home, travel, and marine insurance, as well as retirement and pension management services. AIICO Insurance is dedicated to creating and protecting wealth for its clients through its diverse business segments, which encompass life insurance, general insurance, health management, and asset management. With a strong focus on delivering financial security, AIICO Insurance serves the needs of individuals, families, and organizations, positioning itself as a key player in the Nigerian insurance market.

Softlogic Life

Secondary Market in 2018
Softlogic Life Insurance is engaged in the insurance business. They offer insurance services for the sectors of retail, healthcare, information and communications technology, automobiles, leisure, and financial services.

Enterprise Group

Private Equity Round in 2017
Enterprise Group Limited is a financial services provider based in Accra, Ghana, operating through six segments: Non-Life Insurance, Life Assurance, Pension Administration, Real Estate, Funeral Services, and Investments. The company offers a wide range of insurance products, including personal and group accident coverage, various types of property and casualty insurance, and specialized plans such as credit life and micro insurance. Additionally, it provides services in pension fund management and real estate development. Enterprise Group is noted for being the first insurance company publicly listed in Ghana and has a long history, having been founded in 1924.

UT Life Insurance

Acquisition in 2016
UT Life Insurance Company Limited is a life insurance provider based in Accra, Ghana, with branch operations in various cities, including Tema, Kumasi, and Takoradi. Established in 2005, the company offers a range of life assurance products, which encompass universal life policies, group term policies, and loan protection insurance. Its individual solutions include plans for priority protection, education expenses, and funeral expenses. For corporate clients, UT Life provides Keyman insurance, group term insurance, mortgage protection, and loan protection policies. The company was previously known as Golden Life Assurance Company Limited before rebranding in 2010.

Mahindra Insurance Brokers

Private Equity Round in 2012
PayBima is the online platform of Mahindra Insurance Brokers Ltd., which specializes in providing insurance and reinsurance broking services across various sectors. The company offers a comprehensive range of life and non-life insurance products, including individual policies such as term and whole-life plans, as well as group policies like employee term cover and credit cover. Additionally, it caters to the needs of personal, commercial, and health insurance clients, serving millions in rural and semi-urban India. With over 6 million customers and more than 10,000 claims settled, PayBima emphasizes understanding clients' insurance needs and risk profiles. This approach is supported by a strategic partnership with LeapFrog Investments, enhancing product development, distribution, and customer service through modern technology. Mahindra Insurance Brokers Ltd., incorporated in 1987 and based in Mumbai, operates as a subsidiary of Mahindra & Mahindra Financial Services Limited, aiming to be a leading insurance broker in India.

Express Life Insurance Company

Acquisition in 2012
Express Life Insurance is a provider of life insurance products and services based in Ghana. The company specializes in offering credit life and disability plans, which insure the outstanding balance of consumer loans against risks associated with death and disability. Additionally, Express Life Insurance provides personal pension plans designed to offer both living and death benefits, while also serving as a vehicle for individuals to save for retirement. Through these offerings, the company aims to meet the insurance and savings needs of its clients effectively.

Shriram Life Insurance

Venture Round in 2011
Shriram Life Insurance Company Limited, established in 2005 and based in Hyderabad, India, offers a range of life insurance products designed to meet various customer needs. Its offerings include security and savings plans, education and marriage products, annuity plans, and life cover options. The company operates as a subsidiary of Shriram Group Pvt. Co. and is a joint venture between the Shriram Group and the Sanlam Group. In addition to life insurance, Shriram Life also provides retirement annuities, saving and investment products, as well as personal and home loans, catering to the financial needs of individuals.

Apollo Investments

Private Equity Round in 2011
Apollo Investments Limited provides general and life insurance solutions for individuals, businesses, and organizations in Kenya. Its products include group life assurance, group last expense assurance, group accident disability assurance, group critical illness assurance, group mortgage assurance, group credit life assurance, group pension plans, individual pension plans, and pension annuity plans.

AllLife

Private Equity Round in 2009
AllLife, established in 2004 and headquartered in Sandton, South Africa, specializes in designing, distributing, and administering life insurance products. It focuses on providing life and disability coverage to individuals living with HIV and diabetes, a market previously underserved by traditional insurers. The company partners with finance services providers to sell its products and offers a health monitoring program to support policyholders' well-being.
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