Parasolan innovative insurance technology company operating in Ghana, has announced a strategic partnership with Bolta leading global ride sharing platform.
Details
The partnership gives Bolt drivers the freedom to get car insurance coverage within the Bolt driver app on a flexible payment basis (“small payment”). Drivers have the option of paying daily or weekly for comprehensive coverage, revolutionary upfront coverage or no market standard coverage. Brolly’s “pay small-small” car insurance is pay-as-you-go coverage that suits the dynamics of the African market.
In addition to payment flexibility, customers get 24/7 support and AI-powered claims assistance. The second phase of the partnership will allow Bolt drivers to receive vehicle repairs on a flexible payment basis as well.
Since entering the African market in 2016, Bolt has grown its customer base and as a ride sharing platform, Bolt is constantly looking for valuable partnerships to improve the lives of its driver partners. Working with Brolly ensures that Bolt drivers can get comprehensive car insurance cover without the financial strain of upfront annual premium payments.
Because this matters
Insurance penetration in sub-Saharan Africa has stagnated at around 1% for decades, leaving millions of people vulnerable when disaster strikes. Brolly believes affordability is at the heart of low coverage. Placing the rails to power the flexible insurance payment, the Techstars-Backed startup is confident of unlocking insurance growth in Africa.
What they say
Bernard BaahBrolly CEO, commenting on the partnership, said “Our focus at Brolly is to make insurance coverage more affordable by aligning premium payments with customers’ income patterns. By joining forces with Bolt, we are able to extend our innovative solution to thousands of drivers, giving them the confidence to continue their business.”
The Country Manager for Bolt, David Nikoihe said, “Our drivers are at the core of our service and we are constantly looking for ways to improve their experience and provide added value. The partnership with Brolly is a step forward in our commitment to support the well-being and financial stability of our drivers.”
Brolly piloted the car insurance solution with more than 2000 ride-sharing drivers before the partnership. They are set to take on other African markets besides Ghana in the coming months. Brolly is taken over by Allianz.
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