Pay-as-you-use insurance app slashes the cost of premiums

Bimaleo CEO, Shreyas Patel in his office in Keystone Park, Riverside Drive, Nairobi. PHOTO | PETER CHANGTOEK | NMG

When Covid-19 pandemic hit Kenya in mid-March 2020, it came with various challenges that greatly affected various operations, including businesses.

As a result, people had to be innovative, in order to remain afloat. One such innovative entrepreneur is Shreyas Patel, who partnered with George Richard, to establish a company that offers pay-as-you-use/drive motor insurance services to private and commercial vehicle owners.

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Note: The results are not exact but very close to the actual.