Yemisi Izuora
Transparency Scape Insurance Brokers, a leading insurance brokerage firm in Nigeria has launched the first innovative InsurTech App in Nigeria, InsurEase.
The initiative intends to provide customers with accessible, affordable and reliable insurance policies at their convenience.
The company is on mission to make insurance easier to understand and purchase, hence, simplifying the insurance process for the customers by leveraging cutting-edge technology. InsurEase powered by Transcape Brokers provides, real-time policy quotes and comparisons, seamless policy issuance and management, need based insurance recommendations and digital claims processing.
Transparency Scape has partnered with leading insurance companies, including Cornerstone Insurance Plc., AXA, NEM Insurance Plc., Leadway Assurance Company Limited, Custodian And Allied Insurance Limited and Bastion, to seamlessly provide various forms of insurance policies such as, Life Insurance, Comprehensive Motor Insurance, Third Party Motor Insurance, Travel Insurance, Device Insurance and many more at transparent pricing.
The organisation also partnered with the regulatory bodies, National Insurance Commission (NAICOM), Nigerian Insurers Association (NIA) to ensure compliance with industry standards. Another partner is Budpay, a global payment infrastructure company, to integrate payment gateways on the app for easy purchase of insurance.
“This is a proud moment for us at Transparency Scape Insurance Brokers, as we successfully launch InsurEase, our innovative insurtech app in the Nigerian insurance market,” said MD and CEO, Transparency Scape Insurance Brokers, Oluseyi Ifaturoti. “Our commitment to providing peace of mind and confidence to our clients has driven us to establish ourselves as a trusted partner for reliable and effective risk management solutions. InsurEase is a proof to our dedication, offering a convenient and accessible platform for clients to purchase affordable and reliable insurance.”
“We sincerely thank our partners and regulatory bodies for their invaluable support in helping us achieve this significant milestone. We also encourage other insurance companies to join forces with us at Transcape. By partnering with us, these companies can contribute to expanding our product offerings, providing customers with greater choice and flexibility.” She said.
The Chief Operating Officer, Transcape Insurance Brokers, Olufela Olurin, expresses her excitement on achieving this feat in the organisation. “This is an accomplishment that seemed impossible at the initial stage of developing the app. I am incredibly proud of the team’s hard work in ensuring this day becomes a reality despite all odds.
A special thank you to Stringify, partner for their support and dedication. We have been able to deliver a cutting-edge Insurtech App that leverages technology to transform the insurance experience in Nigeria. By simplifying the process, we are assured of empowering individuals and businesses to make informed decisions about their insurance needs.”
InsurEase is not just a great idea, it is also a viable business project. Although the App is free for our customers with no hidden charges, we have however, implemented a sustainable revenue model. Additionally, we are exploring more partnerships to offer wide range of services to further strengthening our business model. This approach benefits both our customers and our company, ensuring the long-term viability of InsurEase,” she said.
The App will be available for download on Play store and Apple store for both android and IOS users. The InsurEase platform will be accessible via, Transparency Scape Insurance Brokers Website and Mobile app stores (iOS and Android). Release date will be communicated.