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MoMo and Coronation Launch SME Insurance

MTN MoMo and Coronation Insurance launch fully digital SME insurance product

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsJul 2, 2026

MTN MoMo and Coronation Insurance have jointly launched the Smart SME Plan, a fully digital insurance product targeting traders and small businesses in Ghana. The product offers a direct distribution mechanism through MoMo's existing mobile money user base, translating earlier microinsurance investment thesis signals into a live commercial offering.

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Coronation Insurance, MTN MoMo launch ‘Smart SME Plan’ to shield traders · thebftonline.com · T3

Story timeline · 3 entries

Jul 2, 2026This story
MoMo and Coronation Launch SME Insurance
A concrete digital SME insurance product has launched via MTN MoMo and Coronation Insurance, directly addressing the Ghana insurance penetration gap with a named product targeting traders.
Jun 25, 2026
Ghana's 1% Insurance Gap Beckons Investors
New data confirms Ghana insurance penetration at 1%, reinforcing the informal worker microinsurance gap flagged by NHIA and bancassurance commentary.
Jun 18, 2026
Bancassurance Seen as Ghana's Insurance Breakthrough
Industry commentary identifies bancassurance as the most viable near-term channel to increase Ghana's chronically low insurance penetration rate by leveraging existing bank customer relationships. The argument aligns with broader African insurtech distribution strategies that embed insurance into banking and mobile money platforms.