Less than 3 per cent of Nigerians are insured – Cubecover Survey

Less than 3 percent of Nigerians have active insurance plans, according to a recent survey by Cubecover.

The firm disclosed this recently in an event to boost access to insurance services in Nigeria.

Reacting, Chief Executive Officer of Cubecover, Deji Macaulay noted that the firm is ready to close the gap hindering access to insurance services in Africa’s most populous country, Nigeria.

“Insurance should be accessible to everyone, not just a privileged few. Our platform simplifies the process, making insurance easier, user-friendly, and cheap for Nigerians to get the coverage they need,” he said.

On his part, the Chief Technical Officer of the organisation, Sam Ishie, shared results from a survey carried out by the company that stressed that less than 3 percent of Nigerians are currently insured.

“This is the driving force behind the strategic partnerships Cubecover has initiated to improve insurance penetration by connecting service providers, network providers, and financial institutions.”