L-R: CTO CUBECOVER Sam Ishie, Head of Wealth Product at PalmPay Habib Kowontan, Chief Distribution Officer of AXA Mansard Jumoke Odunlami, Chief Digital Officer of MTN Nigeria A’isha Mumuni, CEO Cubecover Deji Macaulay and Adedamola Oloko, Co-Convener, Insuretech Business Series
Innovative platform protects over 500,000 lives, with plans to reach 10 million by 2027
Cubecover, a groundbreaking player in Nigeria’s insurance technology (insurtech) sector, has made an ambitious debut with a vision to make insurance accessible to millions of Nigerians. Since its launch, the company has processed over 400,000 policies, with thousands already benefiting from streamlined claims and improved healthcare access.
Targeting over 10 million enrollees by 2027, Cubecover is leveraging partnerships with healthcare providers, fintech platforms, network operators, and insurers to redefine how Nigerians perceive and interact with insurance. Through its tech-enabled solutions, the platform simplifies the traditionally cumbersome insurance process, aiming to make it more transparent and user-friendly.
“Insurance should be affordable, accessible, and trustworthy for every Nigerian,” said Cubecover CEO Deji Macaulay at the company’s launch event. “Our platform simplifies the process, bringing peace of mind to individuals and families while improving the system’s overall efficiency.”
Bridging Gaps in Insurance Coverage
Cubecover’s collaborative efforts are transforming the insurance experience for all stakeholders. Policyholders receive timely updates and reminders, helping them maximize their coverage, while healthcare providers benefit from streamlined claims processes, allowing them to focus on patient care. Financial institutions offering Cubecover’s services strengthen customer loyalty by delivering value-added offerings, driving engagement, and fostering trust.
The company’s Chief Technical Officer, Sam Ishie, highlighted a stark reality: less than 3% of Nigerians currently have insurance. This alarming statistic has spurred Cubecover’s mission to bridge the gap by connecting service providers, financial institutions, and network operators.
Industry Leaders Back Cubecover’s Vision
The brand’s launch event drew top executives and thought leaders from Nigeria’s insurance, telecommunications, and finance sectors. Attendees included Chief Client Officer Axa Mansard Rashidat Adebisi, Chief Digital Officer of MTN Nigeria A’isha Mumuni, Marketing Director of Airtel Nigeria Ismail Adeshina, Chief Distribution Officer AXA Mansard Jumoke Odunlami, Group Head of Wealth Products Palmpay Habib Kowontan, AXA Mansard Health CEO Tope Adeniyi, Director of Marketing Globacom Viju Unnitan, Chief Digital Officer 9Mobile Ina Alogwu, Leadway Health CEO Dr. Tokunbo Alli, Director of Entrepreneurship and Skills Development Centre UNILAG, Prof. Sunday Adebisi, Partner at Verod Capital Daniel Adeoye, Executive Director Institute of Counselling Dr Tolu Oko-Igaire, General Manager Digital Services MTN Nigeria Funsho Finnih, Managing Director Sony Music Publishing Nigeria Godwin Tom and Convener Premia Business Network, Bola Lawal. Their presence underscored Cubecover’s mission to revolutionize InsurTech through data-driven, customer-focused solutions.
At the brand launch event, a panel discussion by leaders from the insurance, telecommunications, and financial sectors emphasized the potential of mobile platforms to expand insurance access across Nigeria. The industry leaders acknowledged the need for simplified processes and innovative partnerships to overcome existing barriers in the sector. The participants included CEO Cubecover Deji Macaulay, Chief Digital Officer of MTN Nigeria A’isha Mumuni, Chief Distribution Officer of AXA Mansard Jumoke Odunlami, and Head of Wealth Product at PalmPay Habib Kowontan.
Expanding Horizons
Looking ahead, Cubecover plans to broaden its offerings to include life, property, and auto insurance. By focusing on customer-centric solutions and seamless integration with partners, the company is poised to disrupt the Nigerian insurance industry and bring peace of mind to millions.
Cubecover’s entry marks a new chapter for InsurTech in Nigeria, blending advanced technology with a deep understanding of local needs. With a commitment to inclusivity and reliability, the company is set to transform insurance into a tool for empowerment and security for Nigerians across the nation. Visit the CUBECOVER website here to learn more!
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