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Nigerian peer-to-peer finance platform P2Vest launches a primary of its form technology-driven insurance coverage product

24 May 2023 by kallang

P2vest Know-how Restricted has introduced the launch of its new product, P2Vest InsuranceParasol which can present lasting options to each people and companies enabling them to simply purchase and make claims on insurance coverage merchandise starting from motor and property insurance coverage to well being and life insurance coverage on their cellphones.

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Based in 2020, P2Vest is a peer-to-peer finance platform identified for offering lending options for lenders and debtors by way of its platform. Utilising expertise, P2Vest is dedicated to ease of entry to credit score for debtors and guaranteeing aggressive returns for lenders.

In line with the Founder and CEO of P2Vest Know-how, Mr Austine Abolusoro, ‘’We have now operated for the previous two years with a aim of bridging the monetary inclusion hole. Nonetheless, we’ve got taken this aim a step additional by creating a top quality insurance coverage market for customers. We’re bringing comfort to people, with fast-paced insurance coverage options on their cellphones and we sit up for creating extra inclusive merchandise. I’m additionally glad to let you know that P2Vest is a pioneer of this type of technology-driven insurance coverage product in Nigeria. We have now the license to function and we’re assured about what the long run holds.’’

P2vest in its dedication to rising the standard of life for people with InsuranceParasol has signed SLAs with twelve Insurance coverage firms with 4 totally onboard and reside on the cell app. With over 200,000 lively customers, P2vest is offering a one-stop channel for insurance coverage buy, premium administration and claims administration by way of the P2vest app.

Talking on the rollout, Samuel Abolusoro, COO of P2vest Know-how mentioned, ‘’This can be a big breakthrough as we consider monetary inclusion can be achieved within the Insurance coverage Trade making it doable for customers to simply purchase and make claims from their insurance coverage firms with their cell system. What we’ve got carried out creates an avenue for People to entry high quality insurance coverage merchandise from famend names within the trade. Our partnerships allow us to increase this digital providing to our customers and advance our dedication to driving monetary inclusion.’’

This can be a first-of-its-kind innovation within the Nigerian startup ecosystem. P2vest is the primary startup totally licensed by FCCPC and NAICOM to launch an insurance coverage product. A few of their Insurance coverage companions are notable names within the trade similar to Heirs Basic Insurance coverage Restricted, Heirs Life Assurance, Common Insurance coverage, Sovereign Belief Insurance coverage, WellaHealth, PRA Brokers, AIICO Insurance coverage, Cornerstone Insurance coverage, and Royal Alternate Insurance coverage.

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Posted in: Startup Tagged: Finance, insurance, kind, launches, Nigerian, P2Vest, peertopeer, platform, product, technologydriven

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