Zambian BoZ-compliant KYC for micro-insurance, slashing fraud in seconds.
Insurtech firms suffer rampant fraud in micro-insurance claims due to lacking robust, Zambian-regulation-compliant KYC systems.
ZamVerify provides an embeddable widget for instant national ID verification via photo upload and SMS OTP, ensuring full Bank of Zambia (BoZ) compliance. Insurtechs integrate it into their claim forms to verify claimants' identities before payout. It flags duplicates and high-risk profiles using local data sources, reducing fraudulent claims by 80%.
Insurtech firms providing micro-insurance in Zambia
Tailored exclusively for Zambian micro-insurance with pre-built BoZ regulation templates and local ID OCR tuned for national IDs.
professional
Drag-and-drop widget for claim forms with photo capture and SMS verification.
Automated scan against Zambian KYC regs for ID authenticity and completeness.
REST API to submit and retrieve verification results instantly.
Overview of verification success rates, fraud attempts, and compliance scores.
Add team members and set verification limits per user.
Download compliant KYC reports for audits.
Upload CSV for batch processing.
| Column | Type | Nullable |
|---|---|---|
| id | uuid | No |
| text | No | |
| company_name | text | No |
| stripe_id | text | Yes |
| created_at | timestamp | No |
Relationships:
| Column | Type | Nullable |
|---|---|---|
| id | uuid | No |
| user_id | uuid | No |
| claimant_phone | text | No |
| status | text | No |
| boz_score | int | Yes |
| verified_at | timestamp | Yes |
Relationships:
| Column | Type | Nullable |
|---|---|---|
| id | uuid | No |
| verification_id | uuid | No |
| action | text | No |
| ip_address | text | Yes |
| timestamp | timestamp | No |
Relationships:
/api/verificationsSubmit new KYC verification
/api/verifications/:idGet verification result
/api/dashboard/statsFetch analytics
/api/users/meUser profile
/api/compliance/checkBoZ compliance scan
/api/webhooks/stripeHandle subscription events
No exports, no API
Standard support
None
| Month | Users | Conversion | MRR | ARR |
|---|---|---|---|---|
| Month 1 | 20 | 5% | $40 | $480 |
| Month 6 | 150 | 15% | $900 | $10,800 |
Embed ZamVerify in minutes to verify Zambian IDs instantly and comply with regulations.
Search LinkedIn for 'micro insurance Zambia' founders, send personalized DMs offering free 3-month Pro tier in exchange for feedback. Join Zambia Fintech Slack and post in #insurtech channel. Attend virtual Zambia Insurtech meetups via Eventbrite.
Broad Africa coverage
Generic compliance, no BoZ specifics
Zambia-first with pre-audited BoZ templates
Global scale
Overkill for micro-insurtech, no local tuning
Affordable, Zambia-optimized for SMBs
Curated BoZ regulation database updated quarterly via legal partnerships, creating data moat.
Zambia's micro-insurance market grew 40% in 2023 per BoZ reports, with new KYC mandates effective 2024 amid rising fraud.
BoZ regulation changes
Quarterly legal reviews and flexible schema
Low adoption by small insurtechs
Free tier and targeted outreach
OCR accuracy for Zambian IDs
Fallback to manual review + improve with user data
Success: 3 confirm willingness to pay $40/mo
Success: 95% accuracy rate
Success: 5 convert to paid
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