Leytro, an Insurtech company, has partnered with Leadway Assurance to offer pay-as-you-drive insurance for fleet managers and drivers. The partnership aims to promote technological innovation in the insurance sector,deliver user-friendly, cost-effective and incentive-driven insurance policies tailored to the needs of fleet managers and drivers.
The partnership leverages on the respective strengths of both companies through the introduction of a novel pay-as-you-drive insurance model that is flexible, affordable, and convenient to use. Through this, fleet managers can easily manage their insurance payments via a dedicated mobile app, which uses mobile telematics intelligence to provide tailor-made services.
The mobile app incorporates telematics intelligence to continuously assess the driving behaviours of policyholders, offering real-time insights into their driving habits. This capability empowers businesses to optimise their fleet management strategies to seamlessly make insurance payments via the app, utilising a pay-as-you-go approach with fair premiums and incentives for safe driving.
Umashime Oguzor-Doghro, head of retail at Leadway Assurance, noted that the partnership is a testament to the company’s commitment to innovation and collaboration, adding that forward-thinking organisations must lead the market in evolving solutions and partnerships.
“We are thrilled to join forces with Leytro to introduce this innovative insurance solution for fleet managers, ensuring that car insurance is not only accessible but that premiums are built on utility and behavioural profile. The synergy of Leytro’s cutting-edge technology and our unwavering industry expertise enables us to offer a transformative pay-as-you-drive insurance solution that caters to the unique requirements of small and medium-sized businesses. Together, we are reshaping the insurance landscape, revolutionising the adoption process, and setting new industry standards,” she added.
Nathaniel Bubu, CEO of Leytro, stated that he was thrilled about the partnership and its potential to revolutionise the insurance sector with advanced telematics technology. He emphasised that the solution is personalised and cost-effective, and will transform the way small businesses manage their fleets.