Fasttrack - Automated Claims Qorus Innovation in Insurance Awards 2023

When life happens, customers desire quick claims resolution to enable them to get back on their feet as quickly as possible. One of the main reasons for the low adoption of insurance is the belief that insurers pay claims, but this is not true. Looking at the data, a BusinessDay news report, in 2020, the insurance industry in Nigeria paid out net claims of N196 billion, up by 20 per cent year-on-year (representing 37.6% of GPI). We automate insurance claims management and processing to help unlock trust between insurers and consumers. Octamile’s automated insurance claims solution helps consumers submit instant claims to insurers and payout within 60 minutes. Our claims automation technology assists insurance organisations in increasing their business’s profitability, reducing consumer churn, and satisfying policyholders.