Treepz, Africa’s leading car-sharing marketplace, is thrilled to announce its groundbreaking partnership with Octamile, Africa’s foremost insurtech startup, to introduce Treepz Care.
This innovative insurance program revolutionizes travel and mobility across the continent, offering comprehensive coverage and peace of mind to Treepz’s vibrant community of guests and hosts.
Insurance is a crucial factor in the car rental industry, influencing travelers’ decisions significantly. According to a study by the Insurance Information Institute, 62% of respondents consider insurance coverage when choosing a car rental service. Treepz and Octamile have been diligently working on this project for several months, with the Octamile team playing a pivotal role in making Treepz Care a reality.
Treepz Care encompasses various insurance services tailored for both guests and hosts, including:
Guest Protection
Coverage for accidents, including death, bodily injuries, and disabilities.
Benefits include death benefits, permanent disability coverage, and medical expenses.
Host Protection
Driver accident insurance with coverage for accidents, including death, bodily injuries, and disabilities.
Benefits comprise death benefits, permanent disability coverage, and medical expenses.
Comprehensive Insurance
Coverage for own vehicle damage, third-party liability, and theft.
Benefits include repair or replacement in case of an accident and replacement or payment in case of theft.
3rd Party Insurance for Vehicle Owners
Coverage for third-party accidents, including death, bodily injuries, and disabilities.
Benefits encompass funeral expenses, medical expenses, and compensation for the loss of personal belongings.
To streamline the insurance adoption process for guests, Treepz has seamlessly integrated guest protection coverage into the booking process, requiring no additional steps for guests to enjoy its benefits. Hosts can easily opt-in for various policy covers, including host protection, third-party vehicle insurance, and comprehensive vehicle insurance during their onboarding process, through their host account in the app, or by contacting business@treepz.com for personalized onboarding. Please note that the liability coverage for hosts and guests varies by country; consult its FAQs for more information.
Travel and tourism are pivotal industries in countries like Nigeria, Ghana, Uganda, and Kenya. Car rental services are essential for empowering tourists and travellers to explore these diverse regions with confidence:
Kenya, renowned for its wildlife and national parks, attracted over 2 million international tourists in 2022.
Ghana’s tourism sector contributed approximately 6.8% to its GDP in 2021.
Uganda, with its rich natural attractions, continues to witness a significant rise in tourism arrivals.
Nigeria, Africa’s most populous country, has a burgeoning tourism sector with immense potential for car rental services.
Treepz stands as the only car-sharing marketplace to deploy embedded insurance for car rentals at this scale on the continent. Its dedication to building the largest car-sharing and rental marketplace in Africa is unwavering, and it remains committed to innovating solutions for the travel industry and its related sectors. Treepz Care exemplifies this commitment and its promise to prioritize its customers’ needs.
Onyeka Akumah, CEO of Treepz, expressed his enthusiasm for the partnership, stating,
“We are witnessing immense growth in the travel and mobility sectors as more people seek to explore places both near and far and as they embrace flexible means of transportation in response to changing lifestyle demands. Its goal is to build Africa’s largest car-sharing marketplace for car rentals, and at the heart of this innovation is its commitment to safety, which includes comprehensive insurance coverage for both guests and hosts. We are delighted to partner with Octamile, a company that has established itself as a leader in the digital insurance industry over the years, to introduce Treepz Care, its insurance program designed for the users of its marketplace—both guests and hosts.”
The collaboration between Treepz and Octamile represents a significant milestone in the travel and mobility industry, aligning with the evolving needs and preferences of consumers. Treepz Care, aptly named to reflect its customer-centric approach, is a testament to Treepz’s unwavering commitment to safety and innovation.
Gbenro Dara, CEO of Octamile, shared his thoughts on the collaboration, stating,
“Collaborating with Treepz, Africa’s largest ride-sharing marketplace, is a source of pride for us. Together, we are dedicated to providing comprehensive protection for Treepz Hosts and Guests in Nigeria, Ghana, Kenya, and Uganda. This partnership exemplifies our shared commitment to ensuring safety and peace of mind for Treepz users and furthers its mission to protect the customers of Africa’s largest digital companies.”
