EcoSure Moovah set to disrupt the short-term insurance industry for the good of motorists: Econet Cassava CEO
By Insurance24
HARARE, Econet through its recently licensed Econet Insurance (Private) Limited has unveiled a short-term motor vehicle insurance service EcoSure Moovah, which it said is set to disrupt the short-term insurance industry for the good of motorists through its attractive value proposition.
The service will offer vehicle insurance cover, ZINARA and ZBC licence discs – plus free delivery of insurance cover notes and licence discs to the customers’ premises at no extra cost – all payable directly from the customer’s mobile phone.
At the launch of the product, Econet’s Cassava FinTech Zimbabwe CEO Eddie Chibi said EcoSure Moovah was set to disrupt the short-term insurance industry for the good of motorists through its attractive value proposition.
“Not only will EcoSure Moovah offer choice and flexibility through the option of customers to pay their premiums monthly, but it will also offer incredible value addition through bundled benefits of up to $5.000 at very competitive and affordability premiums,” he said.
He added that the innovation follows in the footsteps of the successful EcoSure Funeral cover which currently has over 2 million Zimbabweans covered.
Chibi said EcoSure Moovah would leverage economies of scale within the Econet group, allowing it to offer a host of unique bundled benefits to its users, who would enjoy great convenience on many levels.
As result, he said if a motorist moves to Moovah today, they will have the convenience of carrying out the entire transaction of insuring their vehicle from the comfort of their home or office and, in addition, they will have the option of having the insurance note and licensing discs delivered to their door step.
Additionally, customers could elect to collect their documentation from a wide range of outlets, including the nearest Econet Shop, Agent or Steward Bank branch of their choice. Moreover, motorists would have multiple payment options to renew their vehicle insurance, on their mobile phone via USSD, using a mobile App or on a desktop via the web.
Cassava FinTech is the Econet group’s business in charge of rolling out financial technology and other digital services. Among Cassava’s product portfolio include the mobile money service EcoCash.
