How this startup is providing pay-as-you-use car insurance for Nigerians

Episode 122 September 06, 2022 00:45:48
How this startup is providing pay-as-you-use car insurance for Nigerians
Techpoint Africa Podcast
How this startup is providing pay-as-you-use car insurance for Nigerians

Sep 06 2022 | 00:45:48

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Hosted By

Chimgozirim Nwokoma Oluwanifemi Kolawole Bolu Abiodun

Show Notes

This episode is also available on YouTube - https://www.youtube.com/watch?v=1RI2J6uXz_M&list

Today on the Techpoint Africa Podcast, we discuss the Nigerian insurance industry with the CEO and Founder of pay-as-you-use insurtech startup, Pay-U, Temitope Adeyemi.

Some highlights:

  1. Why are businesses in the insurance sector not growing?
  2. Why Nigerians rarely use insurance
  3. A possible solution and if tech can help.


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Timestamps
00:00 - Intro
02:15 - We meet Temitope
03:20 - The state of insurance in Nigeria
05:22 - Why you should care about insurance
08:22 - Can you roll over your premium?
12:21 - Is there truly a market for pay-as-you-use insurance
20:33 - How can tech drive insurance penetration
27:55 - Who are regulators in the insurance space and can they help improve trust?
34:27 - Why should legacy insurance companies change their model

Useful link

This episode was produced by Oghenerumu Oneyibo and edited by Múyìwá Mátùlúkò

Email us your feedback at [email protected]. Visit www.techpoint.africa for more stories.

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