In this episode of The Broker News Podcast , Binci Heeb and Mirela Dimofte sit down with Newton Bezeng, founder and CEO of Be New Insurance based in Cameroon .Established in 2008, BeNew Insurance distinguishes itself as a micro-insurance technology company that develops insurance solutions tailored to meet the unique needs of its clients. Newton shares the powerful story behind BeNew’s mission to make insurance accessible, especially for low-income communities.
Newton shares that the lack of insurance penetration is a significant issue across Africa, particularly in Cameroon, where rates hover below 2%. In response to the persistent challenge of who can afford coverage, BeNew has introduced policies as low as $1 per month, ensuring that even the most financially precarious individuals can safeguard their futures.
One of the standout features of BeNew Insurance’s business model is its integration of environmental responsibility into its insurance offerings.His unique model allows people to exchange plastic waste for insurance coverage, combining environmental cleanup with financial protection.
Newton explains how BeNew is tackling not just insurance gaps, but also environmental and economic challenges, creating a ripple effect of social good. It’s a bold, purpose-driven approach that’s reshaping what insurance can look like in Africa—one policy, and one plastic bottle, at a time.
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Newton Bezeng LinkedIn
Newton Bezend Website
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Chapters
00:00 – Welcome and Meet Newton Bezing
01:31 – Newton’s Journey: What Drives Him
04:41 – How Be New Insurance Was Born
08:53 – Navigating Challenges in the Insurance Industry
12:56 – Creative, Community-Based Marketing Approaches
17:18 – Linking Insurance with Environmental Action
23:27 – Looking Ahead: Growth and Expansion Plans
26:57 – Fundraising Goals and Tech Innovations Needed