Bancassurance Proposal

(Protection & Savings)

What’s Waada?
Waada is the largest full-stack insurtech in Pakistan with more than 1.2 million active
policy holders, and is now expanding to KSA.
Active Partnerships
All Telcos in Pakistan Payments

Major Wallets Healthcare (value added services)

Distribution Partners (microfinance banks, fintech, retail-tech, onground partners)

2
What we do?

Product Development POS Platform for Banks & Resellers

Simplified retail products, Pay-as-you-go
Premium, no-code product setup
Claims Management
Omni-channel claims submission, tracking,
settlement within
48 hrs, whatsapp integrated
Comparison & Instant policy issuance via financial
retailers using our in-house state of the art point-of-sale
platform with build-in underwriting engine
Tech Integrations
Wallet and checkout integration
for embedded insurance with our ecommerce partners

In-House Developed Tech

Policy management, VoIP, full-integrated omni-
channel servicing, automated dashboards, standard
APIs
3
What we can do for you?

● Provide POS platform and system (auto underwriting engine)

● Add another NFI (non-finance income) channel
● Unbeatable revenue share margin (global captive reinsurer)
● Financial supermarket (additional financial product category)
● Savings element designed to use bank’s AMC (keep deposits)
● Distribution support
● Training for your team / resellers
● Ease of doing business
● Omnichannel support for bank/resellers and customers 4
Track Record
Rapid Growth
In 2 years, Waada has become the largest insurtech in Pakistan

Tech Infrastructure
In-house tech team and end-to-end infrastructure

Market Share in Pakistan

1.2 million+ customers and 30+ partnerships with all telcos, major wallets,
banks, tech and retail companies

Industry Expertise
100+ years of combined insurance experience of the core team

USP
Strategic reinsurance partnership and captive reinsurance company
5
Waada Tech Infrastructure
POS Platform for Banks Policy Management System

Lead management VoIP / call center platform

Claim mgmt
Need analysis

Data mgmt
Plan comparison
Ticketing
Quotation & acceptance
Tracking (SMS, email)

Incentives dashboard Profiling & Plans mgmt

Built-in underwriting engine with Integrated omni-channel servicing

(Whatsapp, SMS, FB, email etc)
instant policy issuance

6
Claim submission & tracking Reports & dashboards
POS Platform Sample Views (Personal Accidental)
Customer Info Link in SMS Customer Consent

Pakistan's Agent's App Demo

7
VoIP / Call Center Platform Sample Views
Admin Dashboard

(demo after NDA)

8
 Customer Journey for Policy Purchase & Issuance
Banker Waada
can now Customer creates
refill info in clicks, and issues
case of reviews insurance
error or details and policy
exit taps
process "Reject"

Waada
Banker fills
sends all
Banker in info Customer
Customer Banker Waada policy
Customer pitches (varies Customer clicks,
agrees to collects creates details via
walks into insurance with plan) receives reviews
buy and and issues link (SMS)
a bank products to and link via details and
insurance confirms insurance to
location walk-in submits SMS taps
policy payment policy customer
customer insurance "Agree"
and
application
Banker

Waada
system
receives
application
Waada
generates
custom link Banker
Information to policy can
validated quotation download
by Waada and digital and view
system consent policy
form
Partnership Proposal & Roles
Insurance Company Waada - MGA or Software/tech provider
● Risk underwriting
● Brand advantage
● Industry expertise
● Professional network
● Compliance
Bank / Distributor / Broker
● Core Insurance System / Integration
● Lead Generation & Selling
● Dashboards and Reports for banks and
underwriters
● Payment Management
● POS Platform to Banks
● Omni channel Customer Servicing
● Claims Management
● Product Development and SAMA
● Captive and Strategic Re-Takaful
Arrangement
● Marketing
● Training and Engagement with Banks
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Insurance Products

These products are already set up in our policy management system. We would be able to launch fairly
quickly in KSA post partnerships and regulatory approvals.

Life Motor

Personal Accidental Mobile Phone

Unit Link Plans Health & Travel

(only dealing with individual / retail insurance)

11
Way Forward

Revenue
NDA Signing Sharing Distributors
Proposal Agreement

SAMA
Technology Training &
Approval
Deployment Launch
Process
12
Thank You!

Ishaq Kothawala
Ishaq.kothawala@waada.pk
+92-300-929-5933

Enable us to insure 20 million

people in the MENAP region in five
years

www.waada.pk