Nigeria’s fintech P2Vest unveils insurance marketplace

P2vest Technology Limited has launched an online insurance marketplace called P2Vest InsuranceParasol.

The online marketplace will provide lasting solutions to both individuals and businesses enabling them to easily buy and make claims on insurance products ranging from motor and property insurance to health and life insurance on their mobile phones.

“We have operated for the past two years with the goal of bridging the financial inclusion gap. However, we have taken this goal a step further by creating a quality insurance marketplace for users,” Austine Abolusoro, founder and CEO of P2Vest Technology said in a statement.

“We are bringing convenience to individuals, with fast-paced insurance solutions on their mobile phones and we look forward to creating more inclusive products.

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“I am also glad to tell you that P2Vest is a pioneer of this kind of technology-driven insurance product in Nigeria. We have the license to operate and we are confident about what the future holds.’’

P2vest in its commitment to increasing the quality of life for individuals with InsuranceParasol has signed SLAs with twelve Insurance companies with four fully onboard and live on the mobile app.

With over 200,000 active users, P2vest is providing a one-stop channel for insurance purchases, premium management and claims management through the P2vest app.

“This is a huge breakthrough as we believe financial inclusion can also be achieved in the Insurance Industry making it possible for users to easily buy and make claims from their insurance companies with their mobile device,” Samuel Abolusoro, COO of P2vest Technology said.

“What we have done creates an avenue for Individuals to access quality insurance products from renowned names in the industry. Our partnerships enable us to expand this digital offering to our users and advance our commitment to driving financial inclusion.’’

The launch is a first-of-its-kind innovation in the Nigerian startup ecosystem and P2vest is the first startup fully licensed by FCCPC and NAICOM to launch an insurance product.

Some of P2Vest insurance partners include Heirs General Insurance Limited, Heirs Life Assurance, Universal Insurance, Sovereign Trust Insurance, WellaHealth, PRA Brokers, AIICO Insurance, Cornerstone Insurance and Royal Exchange Insurance.