In a significant move to expand insurance outreach and financial inclusion, Universal Insurance Plc has unveiled mobile application and a network platform to boost insurance penetration.

Speaking during the unveiling, the company’s Managing Director, Benedict Ujoatuonu, spoke on potential of ttechnological advancements in driving insurance product sales, and catering to diverse needs while ensuring affordability.

Ujoatuonu emphasised the role of technology in fostering financial inclusion and insurance penetration.

He said, “As a digitally compliant entity, achieving true financial inclusion and broad insurance outreach necessitates making insurance accessible to all. Our goal is to ensure that insurance coverage reaches every corner of the nation at affordable rates.”

The mobile application, he said, granted customers seamless access to policies and facilitates effortless claim filing with a mere touch.

Whether users needed to assess policy particulars or file claims, the app’s effortless navigation empowered users to effectively manage their insurance requirements without complications, he said.

The managing director said the second innovation, ‘The Network Marketing Cluster, aimed to promote personal insurance products and incentivised customers to refer others.

“As Universal Insurance Plc expands its product offerings, the company envisions introducing additional products over time,” he said.

The referral process, he noted, was seamlessly integrated through a user-friendly system, generating unique links that yield incentives upon click-through.

Ujoatuonu said, “Our referral system allows customers to earn incentives without any upfront payment.

“This approach is thoughtfully tailored to ensure maximum benefits for all participants. The products are categorised into different tiers—bronze, silver, and gold—each offering distinct incentives.”

The Assistant General Manager of Universal Insurance, Tony Ignatius, said the company’s forward-looking strategy was a win-win proposition for policyholders and the company alike.