Techbiz Webinar delivered by Uche Ayodele Okugo

1. FastClaim
SOLVING DEEP PROBLEMS
IN TRADITIONAL
INDUSTRIES WITH TECH
www.getfastclaim.com
Uche Ayodele Okugo

2. Uche Ayodele Okugo
Founder, Fastclaim
ABOUT ME

3. Traditional Industries Are
Still Lagging Behind
Many bedrock sectors in Nigeria
(insurance, healthcare, education,
logistics) still operate on outdated systems.
These industries face deep-rooted problems:
poor infrastructure, trust gaps, fragmented
data, and regulatory bottlenecks.
The opportunity:
Use technology to drive real
transformation, not just disruption.

4. but few solve deep,
persistent issues.
Over 1,450 unicorns
globally
Execution, system
integration, and trust
building
are what truly scale.
Hype and fast launches
often overshadow
long-term impact.
Beyond the Launch: The Harder Work Begins

5. Minimal Contribution to GDP
Insurance accounts for only 0.4% of
Nigeria’s GDP as of 2023
Access and Trust Issues
Consumers face distribution barriers and
distrust towards insurers
Untapped Market Potential
Over 200 Million people, but very low
insurance penetration
Case Study:Nigeria's Insurance Landscape
An overview of Nigeria’s Insurance Sector
FastClaim

6. AI & Automation
Overcoming Distribution Challenges
Technology Bridges geographic and infrastructural gaps,
enabling nationwide access
Operational Cost Reduction
Automation eliminates manual processes and reduces
human error
Enhanced Onboarding and Servicing
Intelligent systems personalize the user journey from
registration to claim
AI Enabled Solutions Addressing Systematic Friction
FastClaim

7. Reimagining The Claims Process
Fast Digital Inspections
Use of AI for pre and post-
loss evaluation reduces time
and human dependency
Self-Service
Policyholders submit claims
via smartphones, reducing
physical interactions
Universal Access
Web-based portals function
on any smartphone and
browser

8. AI Enhanced Verification
Auto-onboarding
Data extraction and
document validation
reduces manual entry
time
Biometric
Verification
Facial and fingerprint
scanning strengthens
ID confirmation
Fast & Secure
Access
Combines speed with
fraud resistance,
improving trust in
onboarding

9. Smarter Accurate Risk Profiling
Data-driven
Segmentation
AI analyzes diverse data to identify
risk clusters and trends
Customized Policy
Design
Tailored underwriting ensures products
match client needs
AI detects unusual behavior across
multiple data points
Suspicious activities flagged before
payout reduces losses
More accurate risk and assessment leads to affordability and access
Claim Pattern
Analysis
Early Fraud
Detection
Improved Reach and Pricing

10. Tech Isn’t The Goal – Solving Problems Is
Technology as
A Tool
Tech should Serve real-
world needs, not be the
end in itself
3 Guiding principles shaping FastClaim’s Approach
Human-centered
Design
Focus on intuitive,
inclusive experiences for
users
Outcome-driven
Innovation
FastClaim emphasizes
usability, trust and
efficiency over tech hype

11. Impact Report & Conclusion
Exclusive Integration into NIIP
As of December 2024, FastClaim is embedded into
the NIIP system for all 3rd Party Motor Claims.
Standardization Across Insurers
All insurers on NIIP are mandated to use Fast
Inspection for eligible claims.
Pathway to Comprehensive Coverage
insurers now leverage FastClaim for both 3rd Party
and Comprehensive pre-inspections.

12. FASTCLAIM SOLUTIONS LIMITED
12 Okotie EbohStreet, Ikoyi, Lagos, Nigeria
info@getfastclaim.com | https://getfastclaim.com/
UCHE OKUGO, Founder / CEO
THANK
YOU!