Lagos, Nigeria. August 8th, 2022 – Today, we announce Jamborow partners Octamile technology for insurance in rural communities. According to reports, over 400 million people across Africa are excluded from financial services like savings, loans and insurance services to protect themselves or their loved ones when life happens.
Jamborow provides access to financial services and other technological solutions to the unbanked and underbanked populations across Africa to promote financial inclusion and economic empowerment.
It is an African-founded and led company headquartered in the UK, with operations in Africa. It has local registrations in Lagos, Nigeria and Mombasa, Kenya.
Octamile’s embedded insurance technology and products from top underwriters will deliver seamless and easy access to insurance services via Jamborow’s ecosystem to underinsured consumers.
“Octamile is on a mission to provide financial protection for 5 million uninsured individuals across Africa by 2027. This partnership fits into our strategy of finding innovative ways to deliver embedded insurance policies of leading insurance providers to uninsured groups in Nigeria. We are also excited about this partnership as it extends to the seven other African countries where Jamborow currently supports thousands of Ajo and Esusu groups across Africa. ” Gbenro Dara, Founder & CEO of Octamile at the Unveiling in Lagos Nigeria.
The partnership is another step towards delivering on the promise of financial inclusion in Africa and safely connecting people with the places, opportunities, and experiences.
“Our partnership further solidifies the joint efforts around the financial inclusion drive across Nigeria and the rest of Africa. We shall fortify our mission with workshops and road shows on financial literacy in order to continuously promote the benefits and opportunities of our services.” Olusegun George – CEO, Jamborow
About Us: Octamile is an all-in-one insurance infrastructure platform that helps underwriters, brokers, and tech businesses to enable their digital distribution of insurance products seamlessly. Our ecosystem of technology products helps Insurers innovate faster and protect consumers from financial loss.
We make insurance work for insurers, non-insurance businesses like Edusko and their consumers. Some of our data and tech solutions simplifying access to insurance include:
Our embedded insurance distribution enables B2C companies like Wecover, Edusko, Gokada, DriveMe, VeendHQ, and many more to launch lifestyle, health, auto, life, credit and other customisable insurance products suitable for underinsured consumers.
Let us work together to deepen insurance in Africa; schedule a demo or email business@octamile.com. Get in touch.
