Resolution Insurance has partnered with Insure Afrika to launch Next Taxi Insurance, an online insurance product that allows motorists to purchase vehicle insurance faster, seamlessly and conveniently using their devices.
According to Insure Afrika Founder and C.E.O Gagan Hayer, “We are bringing insurance closer to the customer and with a few clicks, taxi owners and drivers will be able to finish up with their insurance purchase or renewal within a matter of minutes. This new product will change how insurance works by bringing in the aspect of digitized insurance solutions that increase efficiency for the driver and owners while making the insurance processes more seamless and paperless for all parties involved.”
The online-only motor PSV insurance product is expected to help taxi owners and operators reduce the cost and time it takes acquire and renew motor insurance.
Car owners will be required to log on to the platform and provide profile details of the driver. The platform then generates a quotation based on this profile details and car specifications provided by the client after which payment can be made via mobile money or plastic card. Their insurance sticker will be delivered to the desired location.
The product will help Resolution Insurance deepen uptake of its motor vehicle insurance offering and consequently shore up its margins, as well as minimize operating costs at a time when competition in the industry is increasingly steeper.
The product is a variation of the motor commercial product and targets individuals and corporates that use motor vehicles as chauffer driven taxis. The cover will provide comprehensive motor insurance for both the car and driver.
Resolution Insurance Managing Director Ms. Alice Mwai said, “With our strategic partnership with Insure Afrika we aim to grow this product and ensure chauffer driven taxis have quick access to protective and easily accessible insurance solutions.”
Next Taxi Insurance is a driver in the transition of insurance products becoming more digitized and easier to access to both clients and insurers. Product innovation within the insurance industry is soon to grow, bringing a variety of benefits to customers.
