April 5, 2024

Is Your Insurance Business Getting the Most from Your Core Platform?

The insurance sector in Africa is experiencing rapid changes and having the right core technology at your disposal is paramount to staying ahead of the curve. With the increasing demands of customers, shifting regulatory requirements, and emerging technological advancements, insurers face a myriad of challenges in effectively managing their operations. Central to these challenges and…

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Turnkey Africa

January 23, 2024

Transforming the African Bancassurance Landscape: TurnQuest System

In recent years, the African financial services sector has witnessed a significant transformation driven by advancements in technology. One notable area that has experienced a great shift is Bancassurance, the integration of insurance services into the traditional banking model. The emergence of sophisticated software technologies, such as the TurnQuest Bancassurance System, has played a pivotal…

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Turnkey Africa

January 15, 2024

Bridging the Job Preparedness Gap: Three Strategic Approaches

In our previous article, we took a general look at the job preparedness gap and some of the challenges employers face when looking to hire new graduates. Some of the challenges we identified included lack of technical proficiency, poor soft skills and inadequate domain and industry-specific knowledge. We attributed this challenges to among other factors…

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Turnkey Africa

November 30, 2023

Bridging the Job Preparedness Gap: Three Employer Challenges

The recent shift in the skill sets required by industry have created a global shortage of quality and relevant skilled workforce. Beyond skills shortage, employers are also facing a significant challenge — a gap in job preparedness among recent graduates. In Africa, despite the increase in demand for highly skilled workers, there still exists a…

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Shiyayo

September 18, 2023

INTRODUCING TQ ACADEMY: Practical, Hands-on Training and Mentorship for IT Professionals

Insurance Industry Three-Fold Talent Crisis The insurance industry is experiencing a three-fold talent crisis: An aging workforce, difficulty attracting new and graduate talent and the challenge of retaining ‘good’ employees at all levels. Inability to access talent with the proper skills, knowledge and experience puts the industry players at a competitive disadvantage especially in the…

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Turnkey Africa

September 11, 2023

Navigating the Obstacles of Traditional Life Insurance Sales: A Turnkey Africa Perspective

Traditional life insurance sales pose a unique set of challenges, from intricate sales processes to complex product offerings. Drawing from Turnkey Africa’s hands-on experience with preeminent life insurers across the continent, this analysis spotlights five recurrent challenges and underscores the strategic digital solutions proposed to enhance customer experience and operational efficiency.   Streamlining Lead Management…

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Shiyayo

June 21, 2023

Transforming Insurers’ Roadblocks to Success

Amidst the relentless momentum of the insurance sector, companies are constantly striving to overcome various challenges that hinder their growth and success.  Let’s explore some of the tribulations faced by insurers and how Turnkey Africa Ltd, a leading insurance software technology provider in Africa, can address these challenges and empower insurers to thrive in today’s…

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Turnkey Africa

December 8, 2022

IFRS 17: What is it and How Can Insurers Become Compliant?

IFRS 17 is a new accounting standard that will come into effect in January 2023. This standard will have a significant impact on the way insurance companies operate and report their financial results. It is arguably the most complex IFRS issued to date. However, it is important to remember that the challenges inherent in insurance…

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Turnkey Africa

May 24, 2022

Modernizing Reinsurance Operations: How Insurers can Achieve Reinsurance Efficiency and Effectiveness

Reinsurance and risk transfer play a critical strategic role in ensuring the success and stability of an insurer especially where solvency and capital adequacy are concerned. Unfortunately, reinsurance management tends to be one of the most neglected parts of an insurer’s operations relegated to manual processes while the rest of the organization gets modernized. In…

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Turnkey Africa

March 24, 2022

3 Key Business Drivers for African Insurance APIs Initiatives

Insurance APIs enable data flow into and across the insurance value chain opening up the industry to huge opportunities for new and innovative solutions  We generally tend to get caught up in the hype around certain technology. But we forget what it is that that technology brings to the insurance industry in terms of capabilities.…

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Turnkey Africa