New Partnership Increasing Insurance Access In. Nigeria
Nigerian insurer AXA Mansard has partnered with Insurpass, an insurance technology company, to provide access to affordable insurance coverage for emerging customers in Nigeria.
The partnership will leverage Insurpass’s open-insurance API to provide easy access to AXA’s health insurance products such as Malaria-Care, Malaria-Care Plus, Easy Care, and others.
AXA’s Malaria-Care provides quality malaria tests and treatment to customers at various accredited partner pharmacies nationwide. Malaria-Care Plus provides cashback on customers’ hospital expenses when placed in admission for two or more nights, and pays life insurance benefits to the customer’s beneficiary in the event of a customer’s death. Easy Care provides comprehensive health coverage and gives customers access to more than 1,000 hospitals nationwide.
Insurpass, in its drive to deepen insurance penetration, increase financial inclusion and break the barrier to accessing insurance coverage in Nigeria through its plug-and-play API infrastructure and embedded insurance model, will enable other service providers ranging from banks, healthtechs, edutechs and various point-of-sale agents to enroll customers for this health insurance scheme.
The company also promises coverage to the base-of-the-pyramid consumers who live in rural areas and do not have access to smartphones or internet service, as it will enable them to access healthcare insurance via thousands of point-of-sales agents who already carry out mini-financial activities around their neighbourhoods.
