Quick answer: GeraSure is a digital insurance marketplace partnered with NAICOM-licensed Nigerian insurers. We cover motor (third-party and comprehensive), health (supplementary to HMOs), gadget, travel and SME packages. Premiums in naira, paid via Paystack, Flutterwave, Opay, Palmpay, card or bank transfer. Claims are digital-first with a human claims officer from the underwriting insurer — we do not adjudicate claims ourselves.

The Nigerian insurance opportunity

Insurance penetration in Nigeria is under 1% of GDP (NAICOM data) — one of the lowest in any major economy. Motor third-party is legally required but widely evaded. Health cover sits inside the NHIS plus private HMOs. Recent regulatory moves (Insurance Act 2024 consolidation, NAICOM's push on micro-insurance) are finally making digital distribution attractive.

Regulation

The National Insurance Commission (NAICOM) is the regulator. Every policy on GeraSure is underwritten by a NAICOM-licensed insurer (our current partners include established Nigerian underwriters we disclose on each product page). We operate as an insurance intermediary; we do not underwrite. The Nigeria Data Protection Act 2023 applies to customer data.

Products and pricing

Motor third-party: from ₦15,000/year. Motor comprehensive: 3–5% of vehicle value. Gadget cover (phone, laptop): from ₦4,000/year. Travel (Schengen, UK, US): from ₦8,000. Supplementary health packages (dental, optical, diagnostics top-ups): from ₦18,000/year. SME package (fire, burglary, public liability): from ₦35,000/year. Prices via useCountry() in ₦.

Payments

Paystack, Flutterwave, Opay, Palmpay, Visa/Mastercard/Verve, bank transfer via NIBSS. Monthly installment plans for policies over ₦30,000.

Claims

Digital claim filing with photo/document upload. Claim officer assigned by the underwriter within 48 hours. SLA posted on each product page. We publish average claim-paid times quarterly.

Cities

Motor and health products work nationwide. Gadget and SME cover active in Lagos, Abuja, Port Harcourt, Ibadan, Kano, Benin City at launch.

How we compare

Curacel, Casava, ETAP and Autogenius are the most visible insurtechs. ReliancHMO and Hygeia dominate HMO; AXA Mansard, Leadway and AIIC are the big traditional insurers. We are the comparison marketplace layer — you can buy from multiple underwriters through one account.

GeraSure in Nigeria 2026 — NAICOM-regulated micro-insurance — health, motor, gadget, travel