Chris Ibe, Executive Chairman of Baywood Group, has warned that traditional Nigerian insurers face extinction within five years unless they embrace digital transformation. To address these inefficiencies, CBI Partnering Insurtech—a subsidiary of Baywood Holdings—has launched an AI-driven web aggregator marketplace designed to simplify the purchase and management of insurance policies via mobile devices. Licensed by the National Insurance Commission (NAICOM), the platform aims to eliminate traditional industry bottlenecks by providing insurers and HMOs with custom APIs to reach customers directly. The company intends to rebuild consumer trust by streamlining the claims process through generative AI and advanced technology, aligning with federal efforts to improve financial inclusion.