Aaron Muliisa: Bugma varsity graduate revolutionalizing insurance industry with ‘Insurance Wallet’ innovation

Aaron Muliisa (middle) receiving prestigious innovation Award earlier this month at Serena Hotel (Photo/Handout)

Kampala, (UG):- Aaron Muliisa, a recent graduate from Bugema University with a Bachelor’s Degree in Business Administration, majoring in Insurance, is revolutionizing the insurance industry with his groundbreaking innovation, the Insurance Wallet.

Muliisa’s inspiration stemmed from witnessing the struggles faced by individuals attempting to navigate insurance processes firsthand.

Motivated by a desire to enhance service delivery and alleviate the burdens associated with insurance management, Muliisa embarked on a mission to develop a solution that simplifies the entire insurance experience.

“I had a friend who lost his dad who was working with an organization which provided insurance services as a benefit to their staff. My friend tried following up with the insurance companies to claim their benefits but all in vain. The insurance company didn’t pay an ear,” Muliisa says.

“This really showed me how much people are suffering out there because they don’t have a professional hand to help them work on their insurance-related issues,” he adds.

“This inspired me to come up with something that improves service delivery to people to subscribe to insurance.”

Aaron Muliisa (fourth from Left) with the award he won for the ‘Insurance Wallet’ innovation product

About the Insurance Wallet

The Insurance Wallet is poised to disrupt traditional insurance management practices by providing clients with a streamlined platform that offers unparalleled convenience and efficiency. Through this platform, users can access a wide range of insurance services with ease, eliminating the hassle of complex paperwork and prolonged processing times.

One of the key features of the Insurance Wallet is its commitment to prompt claims resolution.

Recognizing the frustration and inconvenience often associated with delayed claims processing, Muliisa’s platform aims to expedite solutions, ensuring that users receive assistance within 48 hours of filing a claim.

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Muliisa’s dedication to innovation and excellence has not gone unnoticed. His platform received special recognition at the prestigious Insurance Innovation Awards, a testament to its potential to transform the insurance landscape in Uganda and beyond.

What the future holds for Muliisa and Insurance Wallet

Looking ahead, Muliisa envisions a future where insurance becomes a reliable safety net for individuals facing unforeseen challenges. With plans to roll out the Insurance Wallet for trial in April and finalize its development by May to June 2024, Muliisa is poised to make a lasting impact on the insurance industry.

“Within 5 years of rolling out this product, we expect people to have a different narrative about insurance and start considering it a reliable fallback position when calamity strikes.” He promised.

Aaron Muliisa (middle) with his prestigious innovation Award earlier this month at Serena Hotel

As Muliisa and his team work tirelessly to refine their product and forge partnerships with insurance companies, early indications suggest that the Insurance Wallet has the potential to revolutionize the way insurance is perceived and managed by the masses.

“This will be a huge win for me as a person and my team. Being compassionate and motivated to improve people’s lives, nothing matters more to me like someone saying that their life became better because of me,” he concluded

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Driven by a deep-seated commitment to improving the lives of others, Muliisa remains focused on the ultimate goal of empowering individuals to navigate insurance with confidence. 

Through his visionary leadership and unwavering dedication to innovation, Muliisa is paving the way for a brighter, more accessible future in insurance management.

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