Cube Cover recently held its launch event and hosted a timely discussion on insurance accessibility, challenges, lessons, opportunities and what the future holds.
In this episode, Deji Macaulay CoFounder/CEO of Cube Cover sat alongside A’isha Mumuni, Chief Digital Officer at MTN Nigeria, Jumoke Odunlami, Chief Distribution Officer at AXA Nigeria and Habib Kowontan, Group Head, Wealth Products at PalmPay on a panel moderated by Damola Oloko to touch on the practical realities of solving financial inclusion, insurance adoption and penetration via mobile platforms like Telecommunications and Mobile Apps.
Key Takeaways
- Mobile offers a very huge opportunity for driving insurance adoption with Mobile Network Operators (MNOs), mass market Fintech players being key players.
- Nigerians want insurance but barriers like education, long processes, high pricing & lack of Trust make it difficult to get one.
- Strategic partnership, collaboration is not negotiable in the drive to ensure more Nigerians have the protection, financial cushion they need when risk occurs.
- Micro-insurance plans are best for mass market approaches and mobile agent networks offer opportunity to make insurance not only more accessible but also relevant to everyday needs.
This episode is sponsored by Cube Cover; an InsurTech startup on a mission to revolutionize insurance accessibility by seamlessly embedding innovative, affordable microinsurance solutions into everyday digital platforms.
Check out our free resources on InsurTech ecosystem and innovation in the African Insurance space here https://linktr.ee/insurtechbusinessseries
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