INDIA’S PHONEPE SELLS 500,000 POLICIES IN 5 MONTHS AS NAICOM BEGINS DIGITAL TRANSFORMATION OF NIGERIA’S INSURANCE INDUSTRY.

India leading digital payments platform phonepe recently announced that it has sold over 500,000 insurance policies on its platform between April and August. In the same vein, the national insurance commission NAICOM has commenced its digital transformation process in a bid to drive the core business processes of the Nigerian insurance industry with the attendant benefits of service efficiency with quick turn around time, Eradicate fake insurance policies and improve public trust and confidence in insurance.
The transformation process which have been in the works for over eight years will no doubt open a new visita for the insurance industry.

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