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

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 cell phones.

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

In response to the Founder and CEO of P2Vest Know-how, Mr Austine Abolusoro, ‘’We’ve got operated for the previous two years with a aim of bridging the monetary inclusion hole. Nevertheless, now we have taken this aim a step additional by creating a high quality insurance coverage market for customers. We’re bringing comfort to people, with fast-paced insurance coverage options on their cell phones 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’ve got the license to function and we’re assured about what the longer term 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 absolutely onboard and stay on the cellular app. With over 200,000 energetic customers, P2vest is offering a one-stop channel for insurance coverage buy, premium administration and claims administration by the P2vest app.

Talking on the rollout, Samuel Abolusoro, COO of P2vest Know-how stated, ‘’It is a enormous breakthrough as we consider monetary inclusion can be achieved within the Insurance coverage Trade making it attainable for customers to simply purchase and make claims from their insurance coverage firms with their cellular machine. What now we have completed creates an avenue for People to entry high quality insurance coverage merchandise from famend names within the business. Our partnerships allow us to increase this digital providing to our customers and advance our dedication to driving monetary inclusion.’’

It is a first-of-its-kind innovation within the Nigerian startup ecosystem. P2vest is the primary startup absolutely licensed by FCCPC and NAICOM to launch an insurance coverage product. A few of their Insurance coverage companions are notable names within the business akin to Heirs Common Insurance coverage Restricted, Heirs Life Assurance, Common Insurance coverage, Sovereign Belief Insurance coverage, WellaHealth, PRA Brokers, AIICO Insurance coverage, Cornerstone Insurance coverage, and Royal Trade Insurance coverage.