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Nigerian fintech P2Vest unveils Insurance marketplace

Felicia Akindurodoye by Felicia Akindurodoye
May 25, 2023
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P2vest Technology Limited has made the exciting announcement that its newest product, P2Vest InsuranceParasol, is now available to customers.

The product will offer long-term solutions to both individuals and businesses, allowing them to quickly purchase and make claims on a variety of insurance products, ranging from auto and property insurance to health and life insurance, using only their mobile phones. These insurance products may be claimed on using their mobile phones.

P2vest has signed service level agreements (SLAs) with twelve insurance providers, four of which are fully onboard and live on the mobile app. This is part of the company’s commitment to improving the quality of life for individuals who have InsuranceParasol. 

Through its app, it offers customers a one-stop channel for the purchase of insurance, the management of insurance premiums, and the management of insurance claims. P2vest currently has more than 200,000 active users.

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Within the context of the Nigerian startup environment, this is a first-of-its-kind innovation. It is the first business to provide an insurance product after receiving complete licencing from both the FCCPC and NAICOM. The names Heirs General Insurance Limited, Heirs Life Assurance, Universal Insurance, Sovereign Trust Insurance, WellaHealth, PRA Brokers, AIICO Insurance, Cornerstone Insurance, and Royal Exchange Insurance are just a few of the well-known companies that they work with as insurance partners. Individuals and companies can obtain additional information by going to the website located at this link, or by downloading the P2vest app from the Google or Apple play store.

Remarks from some executives

Speaking on the rollout, Samuel Abolusoro, COO of P2vest Technology said, ‘’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. 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.’’

According to the Founder and CEO of P2Vest Technology, Mr Austine Abolusoro, ‘’We have operated for the past two years with a goal of bridging the financial inclusion gap. However, we have taken this goal a step further by creating a quality insurance marketplace for users. We are bringing convenience to individuals, with fast-paced insurance solutions on their mobile phones and we look forward to creating more inclusive products.  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.’’

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About P2Vest

P2Vest is a peer-to-peer financing platform that was established in the year 2020 and is well-known for the loan options that it offers to both lenders and borrowers through its platform. P2Vest is dedicated to facilitating easy access to credit for borrowers through the utilisation of technology while also ensuring competitive returns for lenders.

Tags: fintech P2VestInsurance marketplace
Felicia Akindurodoye

Felicia Akindurodoye

Felicia Akindurodoye is an experienced writer and researcher, whose watchword is originality.

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