Treepz, Africa’s leading car-sharing marketplace, has announced a partnership with Octamile, an African insurtech startup, to introduce Treepz Care.
Details
The new insurance program will offer comprehensive coverage and peace of mind to Treepz’s vibrant community of guests and hosts.
Why This Matters
Insurance is a crucial factor in the car rental industry, influencing travellers’ decisions significantly. According to a study by the Insurance Information Institute, 62% of respondents consider insurance coverage when choosing a car rental service.
We are delighted to partner with Octamile, a company that has established itself as a leader in the digital insurance industry over the years, to introduce Treepz Care, its insurance program designed for the users of its marketplace—both guests and hosts.”
Onyeka Akumah, CEO of Treepz,
About Treepz Care
Treepz Care encompasses various insurance services tailored for both guests and hosts, including:
Guest Protection: Coverage for accidents, including death, bodily injuries, and disabilities. Benefits include death benefits, permanent disability coverage, and medical expenses.
Host Protection: Driver accident insurance with coverage for accidents, including death, bodily injuries, and disabilities. Benefits comprise death benefits, permanent disability coverage, and medical expenses.
Comprehensive Insurance: Coverage for own vehicle damage, third-party liability, and theft. Benefits include repair or replacement in case of an accident and replacement or payment in case of theft.
3rd Party Insurance for Vehicle Owners: Coverage for third-party accidents, including death, bodily injuries, and disabilities. Benefits encompass funeral expenses, medical expenses, and compensation for the loss of personal belongings.
How It Works
To streamline the insurance adoption process for guests, Treepz has seamlessly integrated guest protection coverage into the booking process, requiring no additional steps for guests to enjoy its benefits.
Hosts can easily opt-in for various policy covers, including host protection, third-party vehicle insurance, and comprehensive vehicle insurance during their onboarding process, through their host account in the app, or by contacting business@treepz.com for personalized onboarding.
By The Numbers
Travel and tourism are pivotal industries in countries like Nigeria, Ghana, Uganda, and Kenya. Car rental services are essential for empowering tourists and travellers to explore these diverse regions with confidence:
- Kenya, renowned for its wildlife and national parks, attracted over 2 million international tourists in 2022.
- Ghana’s tourism sector contributed approximately 6.8% to its GDP in 2021.
- Uganda, with its rich natural attractions, continues to witness a significant rise in tourism arrivals.
- Nigeria, Africa’s most populous country, has a burgeoning tourism sector with immense potential for car rental services.
What They’re Saying
Onyeka Akumah, CEO of Treepz, expressed his enthusiasm for the partnership, stating, “We are witnessing immense growth in the travel and mobility sectors as more people seek to explore places both near and far and as they embrace flexible means of transportation in response to changing lifestyle demands. Its goal is to build Africa’s largest car-sharing marketplace for car rentals, and at the heart of this innovation is its commitment to safety, which includes comprehensive insurance coverage for both guests and hosts.
We are delighted to partner with Octamile, a company that has established itself as a leader in the digital insurance industry over the years, to introduce Treepz Care, its insurance program designed for the users of its marketplace—both guests and hosts.”
Gbenro Dara, CEO of Octamile, shared his thoughts on the collaboration, stating, “Collaborating with Treepz, Africa’s largest ride-sharing marketplace, is a source of pride for us. Together, we are dedicated to providing comprehensive protection for Treepz Hosts and Guests in Nigeria, Ghana, Kenya, and Uganda. This partnership exemplifies our shared commitment to ensuring safety and peace of mind for Treepz users and furthers its mission to protect the customers of Africa’s largest digital companies.”
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