Bboxx offers affordable insurance for EV motorbike users

A Rwanda rider on a bboxx-branded bike giving the thumbs up.

Bboxx Protect offers exclusive coverage for Bboxx Ride customers, including protection against material damage, fire, third-party liabilities, life insurance, and total permanent disability. (Image source: Bboxx)

Bboxx, a data-driven super platform, has sought to offer comprehensive and affordable coverage for EV riders in Rwanda through the creation of Bboxx Protect
Created in collaboration with Radiant Yacu, the new product is a data-backed PAYGo (pay-as-you-go) model that enables pricing over 40% lower than the average market rate for comprehensive insurance. This provides an affordable option for motorbike owners relying on third-party coverage.
“With the launch of Bboxx Protect, we are doubling down on our commitment to serving existing markets while making affordable, comprehensive insurance accessible to motorbike riders who have long been underserved,” remarked Anthony Osijo, Bboxx CEO. “By reducing financial risk and offering greater security, we’re empowering thousands of customers to protect their livelihoods while contributing to a cleaner, more sustainable future.”
Rwanda’s insurance penetration currently stands at less than 1%, and so Bboxx Protect aims to address this issue by making insurance more accessible and affordable. Further, by being designed exclusively for electric motorcycles, the product provides a further incentive for riders to switch from traditional internal combustion engine bikes to their more environmentally friendly cousins.
The initial rollout will target 1,500 customers but potentially impact the 130,000 motorbike riders in the country who currently use simple third-party insurance.
“Through our strategic partnership with Bboxx, we are introducing a pioneering insurance solution that equips motorbike riders with the financial protection needed to confidently transition to electric vehicles,” commented Ovia K. Tuhairwe, Radiant Yacu Insurance CEO.
“By offering affordable, comprehensive coverage tailored to EVs, we are not only enabling a safer and greener future but also addressing Rwanda's low insurance penetration. This collaboration will make insurance more accessible to underserved communities, promoting financial inclusion and driving long-term economic growth across the country.”