Cameroon: E-Insurance Goes Operational

May 12, 2017 | Cameroon Tribune; All Africa

The innovation, which seeks to offer numerous benefits to subscribers and insurance companies, has been launched in Douala.

The innovation, which seeks to offer numerous benefits to subscribers and insurance companies, has been launched in Douala. In Cameroon the number of people using mobile phones, or more specifically, smartphones, and computers is steadily on the rise. Access to internet through mobile phone is now widespread. Insurance companies have begun taking advantage of the opportunity to ride the wave. The innovation seeks more quality, cost-effective and quick services to insurance buyers. The inception of e-insurance last week by Zenithe Insurance in Douala is a clear effort to take advantage of the multiple benefits in holding insurance policies in electronic form. With a click on an internet connected computer or phone potential subscribers can subscribe to an insurance product, while clients can make claims and make use of all other insurance service among others. While presenting the innovation in Akwa, Maxwell Ndecham, General Manager of Zenithe Insurance, said the adoption of e-insurance benefits the insurer from lower cost of operations (paper based processes are expensive), innovation and customisation of insurance products can be achieved at low costs. Read more on All Africa. Source: All Africa