Naked Financial Technology uses the power of Artificial Intelligence (AI) to give you total control, value for money and the fairest car, home and building insurance – all while making a positive change to society.
Who We Are
At Naked we use a technology platform that we’ve developed from scratch – without linking to any legacy insurance system. This means that we can offer South Africa’s first end-to-end AI-driven car, home and buildings insurance, underwritten by Hollard. This equates to both convenience and speed for our customers, whether it’s buying, managing or claiming on one of our policies.
What We Do Together
Following on from our flagship car insurance product, Naked now offers a range of short-term insurance options in addition to car insurance, including buildings and home contents insurance (plus liability cover). Naked also offers cover for individual items like a laptop or phone, if you don’t want to buy a comprehensive home contents insurance policy. All are underwritten by Hollard.
Why Choose Us
As one of the industry’s most forward-thinking short-term insurers in South Africa, here’s why you should use us:
- Save money. Because we use AI (rather than brokers and call centres) to run and manage your policy, these cost savings are directly passed on − meaning lower premiums for you.
- You get full control. Manage your policy on the app. Sign up and manage your policy completely online − and if you need to claim, you could get it approved in seconds, using our chatbot Jade’s help through the Naked mobile app.
- Unconflicted business model. Unlike conventional insurers, Naked takes a fixed portion of premiums to run the business, with the balance going into a pool to cover claims. At the end of each year, money left over in the claims pool goes to charities nominated by you, the customer. Naked’s annual profit, therefore, doesn’t depend on whether claims are paid or not, plus there are no hidden fees or hidden agendas (that’s why it’s called Naked!).
Naked Financial Technology is an authorised FSP, and our product (Naked Insurance) is underwritten by Hollard.