Bboxx Launches Inexpensive EV Insurance for Bike Riders in Rwanda
Bboxx has launched Bboxx Protect, an modern insurance coverage product designed for electrical motorcycle (EV) riders in Rwanda. Created in partnership with Radiant Yacu Insurance, Bboxx Protect offers reasonably priced, complete protection utilizing a data-driven Pay-As-You-Go (PAYGo) mannequin, decreasing premiums by over 40% in comparison with conventional insurance coverage. This permits riders to avoid wasting as much as 44% yearly and put money into different important wants.
“With Bboxx Protect, we’re making insurance accessible to underserved motorbike riders while supporting a sustainable future,” mentioned Anthony Osijo, CEO of Bboxx.
The product is designed to deal with Rwanda’s low insurance coverage penetration, at present beneath 2%, and gives safety towards materials harm, hearth, third-party liabilities, life insurance coverage, and complete everlasting incapacity. Initially, the product will goal 1,500 riders, with plans to develop to the 130,000 motorcycle customers in Rwanda.
Ovia Ok. Tuhairwe, CEO of Radiant Yacu Insurance, famous, “This collaboration not only improves financial inclusion but also supports Rwanda’s transition to electric vehicles, enabling a safer and greener future.”
Bboxx Protect additionally leverages good knowledge monitoring to foretell and stop street accidents, enhancing rider security and bettering danger administration for insurers. The product might doubtlessly be expanded to different African markets following its success in Rwanda.
