Online retail outlet Jumia has partnered with Lami Technologies to ensure that you get the opportunity to insure your property, including motor vehicles, through the Jumia app.
Jihan Abass, the CEO of Lami Technologies, said: “Our goal is to onboard products from more than 30 underwriters on Jumia before the end of 2020.”
The Lami-Jumia partnership marks a milestone in the insurance industry as this arrangement allows insurance companies to access online customers, especially after agency sales took a hit due to the coronavirus crisis.
The new arrangement allows Jumia Pay app users to browse insurance products, receive quotes, compare benefits and purchase their policy within seconds on the application.
Users will instantly get insurance certificates thereafter.
The new facility also allows customers to process their claims in good time.
“Customers will gradually see a variety of digital insurance products that unravel the current offering and create value. Lami is set to democratise insurance through digitisation,” said Lami CEO, Abass.
Lami Technologies was founded in 2018 by Jihan Abass, a former commodities trader at Toyota Kenya, and an MBA holder from Oxford University.
Lami is an insurance-as-a-service platform that enables the digital distribution of insurance products, as well as facilitate policy and claims servicing.