OneSpark – the new age, globally backed InsureTech that’s completely re-inventing and disrupting the global life insurance industry- is becoming a rising star in the insurance space, after receiving numerous global accolades and being selected to join the exclusive Google Growth Program.
After completing a seed round in the millions of dollars at the end of 2020, that already put them in the range of a select few South African start-ups, OneSpark has subsequently designed and launched more than five new world-first Life Insurance products in less than 12 months. Their relentless pace of innovation, and step-change nature of it, is quickly gaining OneSpark a reputation for its innovation prowess. OneSpark’s latest product may have something to do with this. Their AI Powered, Pay-As-You-Need, and Peer-to-Peer Life Insurance model is a first of its kind globally. This product uses advanced tech and powerful AI to create a life insurance experience that is quick (less than 10 seconds quick!), easy, and transparent (refreshingly so!).
“Our product reverses the traditional life insurance model. Instead of being incentivised not to pay claims, like old life insurance, OneSpark simply takes a small fee to administer your policy. Plus, whatever’s left over after paying claims and expenses, OneSpark simply returns to you in cash. This means that, unlike traditional insurance, OneSpark is not in conflict with our customers and are happy to pay claims fast and with no hassle.” Says Josh Kaplan, Founder and Joint CEO of OneSpark.
On the back of this powerful step-change in Life Insurance, OneSpark was recently awarded the world’s most innovative company in Life Insurance for 2021 by Wealth and Finance International. Additionally, their Joint CEO’s, Josh Kaplan and Greg Smith were recently honoured with the prestigious award of being selected in the top 10 most Inspiring global CEOs that are making a difference in 2021.
OneSpark was also recently selected by Google to join their exclusive Google Growth Program as one out of only six Middle East and African companies that they see with enormous potential. This powerful program, that has helped launch and accelerate some of the world’s most successful start-ups, provides OneSpark with a dedicated team of Google experts to help accelerate their rapid growth. “Partnering with a global giant like Google, provides us with an enormous opportunity to accelerate our growth and realise our global ambitions faster. We are immensely grateful to be a part of this exclusive program, and we’re incredibly excited to be working with the brilliant team at Google,” shares Greg Smith, Founder and joint CEO of OneSpark.
If these achievements are anything to go by, then OneSpark is a definite start-up to watch out for in South Africa, and globally.
Check them out at www.onespark.co.za for more information.