insuretech – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Thu, 21 May 2026 16:34:00 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png insuretech – Tech | Business | Economy https://techeconomy.ng 32 32 Nigerians Can Now Repair Damaged Phones for as Low as N5,000 as CubeCover, SLOT Launch SuperFix https://techeconomy.ng/cubecover-slot-launch-superfix-phone-repair-cover-nigeria/ https://techeconomy.ng/cubecover-slot-launch-superfix-phone-repair-cover-nigeria/#respond Thu, 21 May 2026 16:29:48 +0000 https://techeconomy.ng/?p=181936 Thousands of Nigerians dealing with cracked screens and water-damaged phones may now have a cheaper way out after CubeCover and SLOT Systems Limited launched SuperFix, a phone protection and repair service that allows customers to insure devices from as low as N5,000 yearly.

The service was unveiled on Thursday, May 21, 2026, at SLOT headquarters in Ikeja, Lagos, with both companies describing the initiative as a medium to reduce the high cost of phone repairs in Nigeria and give users quicker access to trusted repair services.

SuperFix, powered by CubeCover and distributed through SLOT stores nationwide, provides coverage for cracked screens and liquid damage, with protection plans ranging up to N300,000 depending on the device category.

Speaking at the launch, Deji Macaulay, CEO of CubeCover said the service was designed around a fully digital process designed to make phone repairs easier and faster for users.

Today, your phone is not just a device, it’s your office, your camera, your bank, your connection to the world. When it burns, it costs more than money.”

Customers can activate the service directly at any SLOT outlet by selecting a preferred plan, registering their details digitally and uploading a short video of the device to confirm its condition before coverage begins.

CubeCover, Slot Launch SuperFix to Cover Phone Repairs
CubeCover and SLOT sign MoU

Macaulay said the increasing cost of phone repairs inspired the product.

What we initially noticed as the main challenge is that the price of fixing your phone in Nigeria can be very expensive,” he said.

If it happens that your phone is damaged and it takes too long to fix because it is either expensive or you don’t know where to repair it, your daily life is affected until you find a solution.”

He added that the partnership with SLOT would give customers access to repair services across the retailer’s nationwide network, using certified parts and trained technicians.

He also said SuperFix was designed to address longstanding concerns Nigerians have about insurance claims and delays.

Superfix is designed in such a way that your claims can be approved within 10 seconds. From the moment it’s submitted, you can get your claims approved automatically.”

Customers will receive notifications once a phone is submitted for repairs and again when the device is ready for pickup.

Founder and Chief Executive Officer of SLOT Systems, Nnamdi Ezeigbo, said the company entered the partnership because of its focus on customer value and long-term trust.

At SLOT, we are actually concerned about the customer experience,” he said. “We are concerned about how much customers spend, and what value they actually get.”

We are not just selling phones, we sell much more than phones. In fact, we sell trust and quality.”

Ezeigbo said screen replacement costs have become a huge burden for phone users, especially owners of premium devices.

Sometimes about 20% the cost of the phone itself,” he said while explaining how expensive some screen repairs have become.

He disclosed that SLOT estimates about 10% of smartphone buyers damage their screens within a year, creating what he described as a large market for device protection services.

We are targeting the value-sensitive,” he said while explaining the company’s target market. “We’re also targeting the premium, those who buy phones of 2 million, 3 million.”

CubeCover said the lowest plan offers N50,000 coverage for N5,000 yearly, while higher plans extend up to N300,000 in repair coverage.

Alfred Egbai, chief operating officer of CubeCover, said the system was built around speed and simplicity. “All you have to do is present the device and give them a phone number, nothing complex,” he said.

We’re able to verify your eligibility. We’re also able to check that the device you have presented to us was a device that was initially insured.”

Macaulay added that customers do not need to buy phones from SLOT before subscribing to SuperFix, as existing device owners can also walk into any SLOT branch and enrol their phones.

He also revealed that CubeCover had handled large claim volumes in the health sector. “Before now, we’ve handled more than 140,000 claims on the health side with our healthcare partners,” he said.

Cubecover Makes Audacious Entry into the Insuretech industry

On theft coverage, Macaulay clarified that the current package only covers screen damage and liquid damage. “For now, SuperFix doesn’t cover theft,” he said.

CubeCover General Manager for Business Development and Partnerships, Olufela Olurin, said the partnership would expand device protection services across the country using SLOT retail network.

The fact that the cost of everything is on the rise, this partnership and SLOT’s nationwide store network makes it possible to bring the product to people in every city and location,” she said.

The launch ended with CubeCover and SLOT signing a partnership agreement, formally kicking off the nationwide rollout of SuperFix across SLOT stores.

]]>
https://techeconomy.ng/cubecover-slot-launch-superfix-phone-repair-cover-nigeria/feed/ 0
Cubecover Makes Audacious Entry into the Insuretech industry https://techeconomy.ng/cubecover-makes-audacious-entry-into-the-insuretech-industry/ https://techeconomy.ng/cubecover-makes-audacious-entry-into-the-insuretech-industry/#respond Fri, 29 Nov 2024 15:07:02 +0000 https://techeconomy.ng/?p=148536 Cubecover, a dynamic new entrant into Nigeria’s insurance technology sector, has laid out an ambitious plan to provide affordable insurance to over 10 million Nigerians by 2027.

Leveraging strategic partnerships with healthcare providers, fintech platforms, network providers, and insurers, Cubecover has already processed over 400,000 policies and thousands of enrollees receiving medical care and processing claims, they are set to redefine how Nigerians engage with insurance by offering user-centric, tech-enabled solutions.

Enrollees benefit from streamlined claims processing, allowing quicker access to insurance protection and financial support during emergencies.

Cubecover and Insurance
The event

The company’s innovative approach aims to bridge the gap between underinsured populations and accessible healthcare, leveraging technology to streamline services and ensure transparency in claims processing.

“Insurance should be affordable, accessible, and trustworthy for every Nigerian. Our platform simplifies the process, bringing peace of mind to individuals and families while enhancing the efficiency of the overall system.” said Deji Macaulay, CEO of Cubecover, at the company’s launch event.

Cubecover’s partnerships with network providers and fintechs ensure that policy holders stay informed through regular updates and reminders, helping them take full advantage of their coverage.

Meanwhile, healthcare providers partnering with Cubecover benefit from a steady influx of insured patients, with simplified claims processes that reduce administrative tasks and allow them to focus more on patient care.

Financial institutions involved in the platform also benefit from Cubecover’s seamless integration and improve customer loyalty by offering value-added services to their clients, ultimately driving more engagement and trust.

Sam Ishie, the chief technical officer, shared results from a survey carried out by the company, indicating that less than 3% of Nigerians are currently insured.

This is the driving force behind the strategic partnerships Cubecover has initiated to improve insurance penetration, by connecting service providers, network providers, and financial institutions.

The platform simplifies access to care, makes claims processes transparent and reduces wait time.

This integrated approach not only strengthens relationships with partners but also improves customer satisfaction.

Looking forward, Cubecover aims to democratize insurance further by expanding its offerings to include products like life, property, and auto insurance.

By centering solutions around customer needs and integrating seamlessly with service providers and financial institutions, Cubecover is positioned to become a game-changer in the Nigerian insurance industry.

Cubecover and Insurance -
L-r: Sam Ishie, chief technical officer, Cubecover and Deji Macaulay, CEO, Cubecover, at the launch of Cubecover in Lagos, recently

At the brand launch, a panel session was put together consisting of leaders in the insurance, telecommunications and finance industries, including Cubecover CEO, Deji Macaulay; Chief Digital Officer, MTN Nigeria, A’isha Mumuni; Chief Distribution Officer, AXA Mansard Jumoke Odunlami and Head of Wealth Product, PalmPay Habib Kowontan discussing how mobile platforms can expand insurance accessibility in Nigeria. There was an acknowledgement by all that the current process of signing up for insurance and receiving claims could be simplified and innovative partnerships would foster solutions to the challenges currently faced in the industry.

Cubecover’s entry signals a new era for insuretech in Nigeria, combining cutting-edge technology with an understanding of local needs and peculiarities.

With a commitment to inclusivity, accessibility, and reliability, Cubecover is poised to transform the insurance landscape, offering Nigerians the coverage and peace of mind they deserve.

Others that graced the event were AXA Mansard Health, CEO, Tope Adeniyi; Director Marketing of Globacom, Viju Unnitan; Chief Digital Officer, 9Mobile, Ina Alogwu; Leadway Health CEO, Dr. Tokunbo Alli and Director – Entrepreneurship and Skills Development Centre, UNILAG, Prof. Sunday Adebisi.

Also were Partner at Verod Capital, Daniel Adeoye; Executive Director, Institute of Counselling, Dr Tolu Oko-Igaire; General Manager, Digital Services, MTN Nigeria, Funsho Finnih; Managing Director, Sony Music Publishing Nigeria, Godwin Tom and Convener, Premia Business Network, Bola Lawal.

Their presence underscored the impact of their solutions and the importance of innovation in InsurTech. Attendees hailed the company’s mission to revolutionize customer-centric insurance solutions through cutting-edge technology and data analytics, positioning Cube Cover as a transformative force in this rapidly expanding market.

]]>
https://techeconomy.ng/cubecover-makes-audacious-entry-into-the-insuretech-industry/feed/ 0