BusinessDay

Stakeholders see AfriGlobal digital platform help insurance distribution in Nigeria

An InsurTech Digital Platform recently launched by AfriGlobal Insurance Brokers Limited has been described as a positive move in the insurance industry’s quest to deepen penetration through efficient distribution channels.

The platform ‘AfriCover24/7’, stakeholders at the launch said is a great innovation that should be embraced by all players in the industry since technology has redefined the operations of businesses and consumption partner of the population going into the future.

Sylverius Okoli, chairman of AfriGlobal said “We at AfriGlobal are excited for pioneering this technological development in the Nigerian insurance industry”.

Okoli said with the InsureTech platform, you can be rest assured that you can buy your insurance cover from the comfort of your office or home.

According to him, you don’t have to wait for police to stop you before you take your car insurance, because through the platform you can do it on your phone.

Ekeome Ezeibe, managing director/CEO, Crystal Trust Insurance Brokers Limited who also spoke at the virtual event commended AfriGlobal for keying into the new technology to drive their operations, stating that AfriGlobal is one of the brokerage firms in the market that are innovating.

“It is a milestone in what you do as a company. We cannot pretend to be unaware of the developments and technological transformations going on in our environment, Ezeibe said.

Fatai Adegbenro, executive secretary of the Nigerian Council of Registered Insurance Brokers (NCRIB) said technology is the way to go, commending the management of AfriGlobal for the initiative.

He however urged them to ensure that all loopholes are covered to ensure smooth running and operation of the platform, while observing the necessary guidelines as provided by the regulator.

Sulaiman Adedokun, director, AfriGlobal Insurance Brokers said it’s a great day for the board and management of the Company, and the insurance industry at large.

According to him, as a broker you cannot operate efficiently in a financial services ecosystem where underwriters and most of the clients you are going to deal with have all embraced technology, so what AfriGlobal has done today is a major breakthrough in her transformation project.

Casmir Azubuike, managing director/CEO of AfriGlobal Insurance Brokers Limited said “As the insurance sector is undergoing transformation and tries to future proof itself from further disruptions, AfriGlobal has made a breakthrough with Africover24/7, which offers value-added services, and fit for the customer of tomorrow.

Azubuike said this provides AfriGlobal Insurance Brokers Limited a unique opportunity to differentiate itself from competitors, with a connected platform that allows the company understands the customers and their needs.

“The launch of Africover24/7 signifies a new milestone in our relationship with insurance community globally. We are interested in speaking with InsurTech, solution providers and insurers interested in partnering in this ecosystem initiative.”

As part of her strategic plan to make insurance accessible to clients with ease, in line with the today’s new normal occasioned by Covid-19 pandemic AfriGlobal Insurance Brokers Limited has developed an innovative InsurTech Digital Platform.

He said the platform is around the clock digital insurance transaction platform that will assist individuals and businesses, particularly technology savvy clients to access insurance products from the comfort of their rooms, office anywhere in the world.

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