Nigerian startup, Casava, a 100 per cent digital insurance company, has said it was recently recognised at the Business Day BAFI Awards as the InsurTech of the Year.
According to a statement, the Business Day Banks and Financial Institutions Awards celebrates the great accomplishments of industry trailblazers across several categories in the financial industry including; Fintech, Banking, Insurance, Investments, Pension Funds and other Financial services.
Speaking on the win by the company, Chief Executive Officer Casava, Bode Pedro, highlighted the solutions the staruo has proffered.
Pedro said, “Casava has experienced immense growth; from our customer base to our product offerings, but most importantly we are actively bridging the knowledge and accessibility gaps that exist in the ecosystem, making insurance affordable, appealing, valuable, relevant and enjoyable. We are transforming the way people experience insurance, by simplifying insurance and ensuring a fast claims process so that our customers can thrive and prosper in their lives.”
The statement said, the winner of the InsurTech of the Year Award was chosen based on the criteria that the company must be fully licensed to operate by Nigeria’s insurance regulator, NAICOM, and must be an innovative technology company that enhances, extends or replaces a traditional approach to servicing insurance customers’ needs.
The company’s solutions/ products must also be solving real customer needs, with the view of creating genuine innovation in the insurance industry.