Data & Intelligence

Impact Case Study: Express Life Insurance Company Ltd.

In May 2013, Leapfrog invested US$5.5 million in Express Life Insurance Company Ltd. for a majority stake in the company.

  • Company Headquarters: Ghana
  • Business focus: Insurance and savings for emerging consumers

Impact Highlights

  • With LeapFrog’s support, Express Life increased value to the customer and shareholder by creating new partnerships, products and processes that offered higher payouts for the same amount of premium, while improving the top and bottom lines
  • Express Life expanded its customer base through new, targeted insurance products that better serve the needs of low-income Ghanaians
  • Express Life expanded access to its products through a partnership with Bima, another LeapFrog portfolio company that specializes in insurance distribution via mobile phones with operations in seven countries, including Ghana
  • LeapFrog bolstered Express Life’s top management by leveraging industry contacts within Ghana to fill key posts, such as CEO, with experienced insurance executives
  • Within a year of the investment, Express Life increased staff five-fold, while opening five new branches and two new sales offices
  • In service of social impact goals, Express Life has introduced a hospital cash product, distributed via mobile phone, to protect vulnerable households from catastrophic costs arising from sudden illness
EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

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Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

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Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company