One of our core goals at Octamile as the digital insurance infrastructure for Africa is enabling the speed to market of challenger insurtech brands.
The reason for this is simple: with more insurtechs in the ecosystem, the African insurance industry will break the single-digit insurance penetration gap accelerated, thereby protecting more Africans from financial loss.
Today, We are excited to announce our partnership with WeCover to provide its consumers access to simplified insurance products.
Wecover is an insurtech mobile application that simplifies getting insured and automates the end-to-end journey of buying insurance for consumers.
Aligned with Octamile’s goal of deepening insurance penetration in Africa, WeCover aims to help increase the percentage of insurance penetration in Nigeria by helping users choose the right coverage and provide flexibility in purchasing coverage and making claims, all from the comfort of their smartphone.
Speaking at the launch, Wale Morenigbade, Co-Founder of Wecover, said: “We’re thrilled to partner with Octamile, a leader in the embedded insurance space, to meet and support the needs of the growing number of customers with insurance that is more affordable and accessible.”
Octamile and Wecover’s partnership offers a bundle of insurance products starting with Octamile’s All-in-One Insurance Management Solution for Motor Insurance Products and automating swift claims within the Wecover ecosystem.
Gbenro Dara, CEO & Founder of Octamile, said, “I’ve always been a supporter of talent and innovation; part of our mission is to power innovation across the Insurance industry, working with every player in the value chain. I’m excited that we can support Wecover with our technology as they innovate for the Insurance Industry” at the launch event in Lagos, Nigeria.
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, B2C businesses and their consumers. Some of our data and tech solutions simplifying access to insurance include:
Our embedded insurance distribution solution enables B2C companies like Gokada, DriveMe, VeendHQ, Edusko, Wecover and many more to launch lifestyle, health, auto, life, credit and other customisable insurance products suitable for underinsured consumers.