Our esteemed Portfolio Company, Treepz, Africa’s leading car-sharing marketplace, has formed a strategic alliance with Octamile, a groundbreaking insurtech startup. Together, they bring to the forefront “Treepz Care,” a game-changing insurance program meticulously crafted to cater to travelers and hosts across the continent.
This collaborative endeavor tackles a pivotal aspect of the car rental industry, one that profoundly influences travelers’ decision-making processes—insurance coverage.
According to a study conducted by the Insurance Information Institute, a substantial 62% of respondents consider insurance coverage when selecting a car rental service. Treepz Care has been meticulously designed to provide comprehensive insurance coverage, thereby bestowing peace of mind upon both guests and hosts within the Treepz community.
Treepz Care offers a suite of insurance services specifically tailored to meet the diverse needs of both guests and hosts, including:
Guest Protection:
Comprehensive coverage for accidents, encompassing everything from unfortunate fatalities and bodily injuries to disabilities.
Benefits include a wide array of aspects such as death benefits, permanent disability coverage, and the coverage of medical expenses.
Host Protection:
Robust driver accident insurance that shields against accidents, inclusive of death, bodily injuries, and disabilities.
Benefits are all-encompassing, including death benefits, permanent disability coverage, and the coverage of medical expenses.
Comprehensive Insurance:
Coverage that extends to personal vehicle damage, third-party liability, and theft.
Benefits include the assurance of repair or replacement in the event of an accident, as well as the promise of replacement or payment in case of theft.
3rd Party Insurance for Vehicle Owners:
Coverage for accidents involving third parties, which extends to a range of scenarios including death, bodily injuries, and disabilities.
Benefits encompass a variety of aspects, from funeral expenses and medical expenses to compensation for the loss of personal belongings.
In a bid to simplify the insurance adoption process, Treepz has seamlessly integrated guest protection coverage into the booking process. This ensures that guests can enjoy the benefits without any additional steps or complications. Hosts, on the other hand, have the flexibility to choose from various policy covers, including host protection, third-party vehicle insurance, and comprehensive vehicle insurance, either during their onboarding process or directly through the user-friendly Treepz app.
The travel and tourism sectors are undeniably pivotal in countries such as Nigeria, Ghana, Uganda, and Kenya. Car rental services play a substantial role in empowering tourists to explore these diverse regions with confidence. Treepz Care, with its wide-ranging insurance offerings, aspires to elevate this experience for travelers and hosts alike.
Treepz, as the sole car-sharing marketplace implementing embedded insurance for car rentals on such a scale within the continent, remains steadfast in its commitment to create the largest car-sharing marketplace in Africa. Treepz Care epitomizes this mission, reflecting the company’s unwavering dedication to safety and customer satisfaction.
Onyeka Akumah, the CEO of Treepz, expressed his enthusiasm about this partnership, underscoring the paramount importance of safety within the travel and mobility sectors. Gbenro Dara, CEO of Octamile, echoed these sentiments, emphasizing their shared mission to ensure safety and peace of mind for Treepz users.
This collaboration represents a significant stride forward in the ever-evolving travel and mobility industry, catering to the dynamic needs and preferences of consumers across Africa. Treepz Care reiterates the zeal for innovation and customer-centric solutions that both Treepz and Octamile hold within the insurance landscape.