How this startup is providing pay-as-you-use car insurance for Nigerians

<p>Today on the Techpoint Africa Podcast, we discuss the Nigerian insurance industry with the CEO and Founder of pay-as-you-use insurtech startup, Pay-U, Temitope Adeyemi.<br /><br />Some highlights:</p> <ol> <li>Why are businesses in the insurance sector not growing?</li> <li>Why Nigerians rarely use insurance</li> <li>A possible solution and if tech can help.</li> </ol> <p><br />To advertise or promote your brand, <a href="https:/techpoint.africa/advertise">visit&nbsp;this link</a> or send an email to <a href="mailto:business@techpoint.africa" target="_blank" rel="nofollow noopener">business@techpoint.africa</a><br /><br />Follow <a href="https://play.google.com/store/apps/details?id=com.whistler.whistler">this link</a> to download the Whistle app on the Google Play Store<br /><br />Explore the <a href="https://techpoint.africa/2022/08/18/explore-the-fintech-in-everything-at-the-fintech-summit-2022">fintech in everything at The Fintech Summit 2022</a>&nbsp;&nbsp;<br /><br /><strong>Timestamps</strong> <br />00:00 - Intro<br />02:15 - We meet Temitope <br />03:20 - The state of insurance in Nigeria<br />05:22 - Why you should care about insurance <br />08:22 - Can you roll over your premium? <br />12:21 - Is there truly a market for pay-as-you-use insurance <br />20:33 - How can tech drive insurance penetration<br />27:55 - Who are regulators in the insurance space and can they help improve trust?<br />34:27 - Why should legacy insurance companies change their model<br /><br /><strong>Useful link</strong></p> <ul> <li>How technology can play a <a href="https://techpoint.africa/2019/09/24/technology-role-insurance-market">crucial role in capturing the untapped insurance market</a>&nbsp;</li> </ul> <p>This episode was produced by Oghenerumu Oneyibo and edited by M&uacute;y&igrave;w&aacute; M&aacute;t&ugrave;l&uacute;k&ograve;<br /><br />Email us your feedback at <a href="mailto:podcast@techpoint.africa" target="_blank" rel="nofollow noopener">podcast@techpoint.africa</a>. Visit <a href="