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
As a Founding Member Firm of EMPEA , I am proud of what the organization achieved. I look forward to playing an active role on the Board of Directors as we enter our next phase.

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

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members

Torbjorn Caesar | Senior Partner, Actis and

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 and Founding Partner, Siguler Guff & Company

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 Managing Director, The Carlyle Group