ICON Limited

Cloud-based ERP and technology solutions for African insurance businesses

Core Systems Growth Bootstrapped

Overview

ICON Limited is an enterprise resource planning provider for insurance companies across Africa. The company delivers cloud-based software solutions specifically designed to address the operational needs of African insurers and intermediaries, with a focus on policy management, claims processing, underwriting, and financial operations.

The company's flagship product, bima ERP, provides end-to-end functionality for insurance operations including policy issuance, claims management, underwriting workflows, financial reporting, and reinsurance management. The platform is offered in multiple editions to accommodate different organizational scales. ICON also operates Kwepa, a mobile application that enables customers to purchase policies and manage claims through smartphones.

Founded in 2015 and headquartered in Nairobi, Kenya, ICON has expanded operations across East and Southern Africa, including Uganda, Tanzania, Democratic Republic of Congo, Rwanda, and Zambia. The company serves approximately 150+ insurance users and organizations, with notable customers including Mayfair Insurance Group and Intra Africa Assurance.

Products & Services

bima ERP

Cloud-based enterprise resource planning solution designed specifically for African insurance carriers and intermediaries.

Key Features

Policy Management and issuance workflows
Claims processing and management
Underwriting workflow automation
Financial management and reporting
Reinsurance treaty and claims management
Real-time operational reporting and analytics
Custom workflow configuration
System integration capabilities
bima Enterprise Edition
bima Professional Edition
bima Essentials

Target Users: Insurance carriers, intermediaries, and agency networks

Kwepa Mobile Application

Mobile platform for insurance transactions and policy management.

Key Features

Policy purchase and enrollment
Claims submission and management
Policy document access
Remote insurance transactions

Target Users: Insurance customers and policyholders

Professional Services

ICON provides implementation and consulting services including cloud solutions, custom software development, digital transformation consulting, system integrations, and regulatory compliance solutions.

At a Glance

Founded: 2015
Headquarters: Nairobi, Kenya
Employees: [Unknown]
Funding: Bootstrapped

Category & Focus

Category: Core Systems
Subcategories: Enterprise Resource Planning Claims Management Policy Administration
Insurance Verticals: P&C Specialty Reinsurance
Target Customers: Carriers, Intermediaries