Old Mutual partners Newhomes on digital insurance

Old Mutual General Insurance Company Nigeria Limited, a subsidiary of Pan-African Insurance Company and global financial services group, Old Mutual Limited, has entered into a strategic insurance partnership with Newhomes.ng on innovative digital insurance products for the industry.

The collaboration serves as an opportunity for Old Mutual to provide insurance protection for property owners and homeowners. Through the Newhomes.ng platform, Old Mutual will be providing a premium home insurance package to existing and prospective property owners with benefits including building fire and peril, household goods and personal belongings, burglary, fire insurance, alternative accommodation cost in event of home loss, personal accident cover and personal liability cover.

Commenting on the partnership, the Executive Head, Marketing and Customer Experience of Old Mutual, Alero Ladipo, said, “This partnership signals our strong commitment to Nigeria and her growing industries such as the real estate market. As Nigerians invest their hard-earned money in bridging the huge supply gap in the provision of housing for the citizens, it is imperative to recognise the risks that threaten these investments and put a financial protection plan in place. This is where Old Mutual comes in.

“We have taken it upon ourselves, as insurers with over 170 years of experience, to enter into this exclusive partnership with Newhomes.ng to provide innovative technology-led solutions aimed at delivering the right insurance services for homeowners in Nigeria and at the same time bridging the gap of access to basic financial insurance.”