Treepz, a car-sharing market has partnered with Octamile, an insurtech startup, to introduce Treepz Care to supply complete protection and peace of thoughts to Treepz’s vibrant neighborhood of friends and hosts.
Treepz, with a objective to construct Africa’s largest market for automotive leases with insurance coverage protection for each friends and hosts by means of its partnership with Octamile, an insurtech startup digitising insurance coverage processes in Nigeria.
In line with Onyeka Akumah, CEO of Treepz, “We’re delighted to associate with Octamile, an organization that has established itself as a frontrunner within the digital insurance coverage business over time, to introduce Treepz Care, its insurance coverage program designed for the customers of its market—each friends and hosts.”
Established in 2019, Treepz is a car-sharing platform, providing rental autos for people and companies. Working in Nigeria, Ghana, Uganda, and Kenya, Treepz has achieved spectacular milestones, together with over 3 million bookings, $5 million in earnings to automobile companions, and three million kg of CO2 emissions saved throughout all markets.
Treepz Care encompasses varied insurance coverage providers tailor-made for each friends and hosts, together with visitor and host protection. The Visitor Safety Cowl takes care of accidents, together with demise, bodily accidents, and disabilities and its advantages embrace demise advantages, everlasting incapacity protection, and medical bills. The Host Safety Cowl insures driver accident insurance coverage with protection for accidents, together with demise, bodily accidents, and disabilities and its advantages comprise demise advantages, everlasting incapacity protection, and medical bills.
There may be additionally a Complete Insurance coverage Cowl for personal automobile injury, third-party legal responsibility, and theft and its advantages embrace restore or alternative in case of an accident and alternative or fee in case of theft. The third Occasion Insurance coverage for Automobile House owners covers third-party accidents, together with demise, bodily accidents, and disabilities with advantages akin to funeral bills, medical bills, and compensation for the lack of private belongings.
Treepz has seamlessly built-in visitor safety protection into the reserving course of, requiring no further steps for friends to get pleasure from its advantages. Hosts can simply opt-in for varied coverage covers, together with host safety, third-party automobile insurance coverage, and complete automobile insurance coverage throughout their onboarding course of, by means of their host account within the app, or by contacting [email protected] for personalised onboarding.
Journey and tourism are pivotal industries in international locations like Nigeria, Ghana, Uganda, and Kenya. Automotive rental providers are important for empowering vacationers and travellers to discover these numerous areas with confidence. Kenya, famend for its wildlife and nationwide parks, attracted over 2 million worldwide vacationers in 2022 whereas Ghana’s tourism sector contributed roughly 6.8% to its GDP in 2021. Uganda, with its wealthy pure sights, continues to witness a big rise in tourism arrivals. In line with the agency, Nigeria, Africa’s most populous nation, has a burgeoning tourism sector with immense potential for automotive rental providers.
The deal between Treepz and Octamile represents a big milestone within the journey and mobility business, aligning with the evolving wants and preferences of customers. Treepz Care, aptly named to mirror its customer-centric strategy, is a testomony to Treepz’s unwavering dedication to security and innovation.
“Collaborating with Treepz, Africa’s largest ride-sharing market, is a supply of pleasure for us. Collectively, we’re devoted to offering complete safety for Treepz Hosts and Company in Nigeria, Ghana, Kenya, and Uganda. This partnership exemplifies our shared dedication to making sure security and peace of thoughts for Treepz customers and furthers its mission to guard the shoppers of Africa’s largest digital corporations,” mentioned Gbenro Dara, CEO of Octamile.
Octamile calls Gokada, Terminal Africa, Traccsystems, Messenger, DriveMe, Traction, Spreentar, and Kredibank as a few of its purchasers. Companies use its API or Widget to simplify the launch of a number of or single insurance coverage merchandise throughout net and app platforms. From life-style to goods-in-transit, well being to auto and credit score insurance coverage, Octamile’s digital infrastructure unlocks limitless prospects for companies and clients alike. Expertise the way forward for insurance coverage with Octamile. Leverage our digital insurance coverage infrastructure to propel what you are promoting.
Insurance coverage is a vital issue within the automotive rental business, influencing travellers’ selections considerably. In line with a research by the Insurance coverage Info Institute, 62% of respondents contemplate insurance coverage protection when selecting a automotive rental service. Treepz and Octamile have been diligently engaged on this mission for a number of months, with the Octamile staff taking part in a pivotal function in making Treepz Care a actuality.
Treepz calls Google, SOSV, Techstars, BKR Capital, and Shock Ventures as a few of its buyers and Tek Specialists, Wakanow, Multichoice, Jiji, and Diamond Belief Financial institution amongst their purchasers.