AIICO Insurance Plc has partnered ETAP to drive increased penetration of car insurance in the country.
With ETAP, drivers simply need to download the app or launch the enterprise platform, provide basic information about their car and driving history, and they can buy insurance in 90 seconds and complete claims in three minutes or less.
ETAP also enables customers on the app the flexibility of paying premiums weekly, monthly, quarterly and annually.
ETAP’s business model is based on the concept of Shared Value Insurance, which focuses on incentivising people with rewards to reduce their insurance risk by adopting good behaviour. “We are elated to unveil our collaboration with ETAP, marking the inception of a transformative era in car insurance. By harnessing the power of gamification, we are poised to shift perceptions around car ownership and driving in Nigeria. This initiative will not only elevate the driving journey but also significantly enhance safety on our roads,” head of Retail Business of AIICO Insurance, Gbenga Ilori stressed.
The CEO of ETAP Ibraheem Babalola noted that his firm is proud to collaborate with AIICO Insurance on this transformative collaboration, adding that, the app’s ability to reward safe driving habits while providing rewards for doing so as well as quick access to insurance purchase and claims payment, will undoubtedly empower car owners and encourage responsible behaviour on the roads.
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