Harboursandport.com: Lagos - In a strategic move aimed at advancing technological innovation in the insurance sector and facilitating the seamless adoption of insurance products in Nigeria, Leytro, a leading insurtech company specialising in usage-based insurance for SMEs, has entered into a collaboration with Leadway, one of Nigeria's foremost insurance providers.
This partnership aims to
deliver user-friendly, cost-effective, and incentive-driven insurance policies
tailored for fleet managers and drivers.
This strategic alliance
harnesses Leytro's technological expertise and Leadway's established industry
knowledge to introduce a pioneering pay-as-you-drive insurance model
characterised by flexibility and affordability. Fleet managers can now
conveniently manage their insurance payments on the go through a dedicated
mobile app underpinned by mobile telematics intelligence.
Umashime Oguzor-Doghro,
Leadway Assurance, commented on the partnership: "In today's rapidly
evolving landscape driven by technological advancements, forward-thinking
organisations must lead the market in evolving innovative solutions and collaborations
in the ecosystem, hence, our timely partnership with Leytro.
"We are thrilled to
join forces with Leytro to introduce this innovative insurance solution for
fleet managers, ensuring that car insurance is not only accessible but that
premiums are built on utility and behavioural profile. The synergy of Leytro's
cutting-edge technology and our unwavering industry expertise enables us to
offer a transformative pay-as-you-drive insurance solution that caters to the
unique requirements of small and medium-sized businesses. Together, we are
reshaping the insurance landscape, revolutionising the adoption process, and setting
new industry standards," she added.
Nathaniel Bubu,
Founder/Chief Executive Officer of Leytro, also shared his perspective on the
collaboration: "The partnership between Leytro and Leadway Assurance
represents a significant milestone in harnessing technology to drive change,
with a deep understanding of human behaviour. We are committed to
revolutionising the insurance sector by leveraging our advanced telematics
technology. This collaboration empowers us to provide businesses with a more
personalized and cost-effective insurance solution, fundamentally altering the
way small business owners manage their fleets.
"We strongly believe
in rewarding responsible drivers, and through our cash reward programme for
safe driving, we aim to incentivize prudent behavior on the road. This not only
benefits drivers but also contributes to creating a safer driving environment
for all road users."
In addition to its
innovative approach to insurance policy adoption, this initiative strongly
emphasizes delivering a seamless claims experience. Through the use of
technology and automation, the claims payment process has been streamlined to
ensure swift and hassle-free resolutions for customers.
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