AXA Mansard Insurance Plc says it has collaborated with Techpoint Africa to enhance insurance penetration among technology entrepreneurs and youths.
The company’s Chief Digital Officer, Bayo Adesanya, stated this at the Techpoint Build Conference.
Techpoint Build, organised by Techpoint Africa, is a conference and exhibition aimed at unlocking the potential within the tech and business sector while projecting its future growth. The platform will connect the start-up and Small and Medium-scale Enterprise community with all industries, converging people from different states across Nigeria and other neighbouring countries.
Speaking on the benefit of the partnership, Adesanya said it was aimed towards deepening the country’s insurance coverage beyond its current one per cent. He also stated that it was aimed at showing the firm’s commitment to support the phenomenal growth of the tech space, businesses as well as youths
He said, “Nigeria has a huge youths population, which is about 60 per cent of our population and most of them are under 30 and doing great things with technology. Majority of the country is not well represented in the insurance or non-banking financial services space because coverage for insurance in the country is below one per cent. We feel that If we are going to address that and spread the benefits that come from the services of that sector, it is important to engage youths and in a technology-driven way.”
The CDO said the firm had set up a team that was dedicated to e-commerce and digital transformation and intends to use various digital channels to reach as many people as possible.
According to him, the Techpoint Build Conference is a platform that will leverage to convey its message across to various businesses and tech entrepreneurs, largely youths.
Adesanya said, “Technological disruption to insurance have begun in advanced climates; insurance is going digital and technological solutions used to deepen penetration. We understand the role that technology plays and we intend to use it to take our services beyond the traditional insurance.”
In his remarks, the Founder, Techpoint Africa, Adewale Yusuf, said that the conference was borne out of the need to support startups and small businesses with necessary skills to develop a profitable business. Yusuf said that the SME/Start-up clinic session of the programme would rejuvenate start-ups with diagnostic advice from advisors and assist them unlock their potential for economic growth.
“For years, my team and I have documented the journey of start-ups and SMEs in Nigeria and Africa, and discovered that the problems attributed to businesses were the same. We have brought experts, founders in different fields to help businesses understand the intricacies of having and building a successful business in Africa. Technology is having a huge disruptive effects on businesses, health and even our existence, we need to get ourselves abreast with the evolving trends.”