Leadway Assurance and Leytro, a leading insurtech company specialising in usage-based insurance for SMEs, have entered into a collaboration to deliver user-friendly, cost-effective, and incentive-driven insurance policies tailored for fleet managers and drivers.
The partnership is seen as a strategic move aimed at advancing technological innovation in the insurance sector and facilitating the seamless adoption of insurance products in Nigeria.
This strategic alliance harnesses Leytro’s technological expertise and Leadway’s established industry knowledge to introduce a pioneering pay-as-you-drive insurance model characterised by flexibility and affordability. Fleet managers can now conveniently manage their insurance payments on the go through a dedicated mobile app underpinned by mobile telematics intelligence.
The mobile app incorporates telematics intelligence to continuously assess the driving behaviours of policyholders, offering real-time insights into their driving habits. This capability empowers businesses to optimise their fleet management strategies to seamlessly make insurance payments via the app, utilising a pay-as-you-go approach with fair premiums and incentives for safe driving.