By Ighomuaye Lucky. O
The Prudent Choice Micro Insurance ltd (PCM), has launched its indigenous micro insurance software, code named Insuretech, for customers confidence enhancement.
The acting Managing Director, Mrs. Gloria Onosolease disclosed this during its official launch in Benin.
She said the achievement will significantly shape the nascent micro insurance landscape in Nigeria and indeed, across the African continent.
Mrs. Onosolease said the newly developed software heralds a pivotal advancement in enhancing customer interaction and satisfaction, while concurrently optimizing their internal operations to foster efficiency.
Onosolease added that in a fiercely competitive industry such as insurance, embracing technology is indispensable to their continuous success and sustainability.
The PCM acting Managing Director said that the micro insurance sector in Nigeria, particularly in Edo State, is undergoing a phase of unprecedented growth with a population exceeding five million people where a substantial portion of which is engaged in low income and medium sized enterprises spanning rural, urban and semi-urban areas.
She said due to this, there exists an urgent demand for accessible and inclusive insurance solutions but regrettably, this demographic has long been underserved and marginalized in terms of insurance protection.
She further said that with the launch of Insuretech, it will help mitigate the financial risks encountered by low income earners and small to medium scale enterprises