• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Entertainment/sports

AIICO partners with ETAP to redefine car insurance

Insurance

The Matters Press by The Matters Press
August 28, 2023
Reading Time: 2 mins read
0
CIIN president tasks Insurance directors on manpower development

Abuja, Aug. 28, 2023: AIICO Insurance has partnered with ETAP, an insurance technology company, to improve automotive experience across Africa and drive increased penetration of car insurance in Nigeria.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Mr Gbenga Ilori, Head of Retail Business, AIICO Insurance said this in a statement on Monday in Lagos.

Ilori stated that the partnership would combine AIICO’s market-leading car insurance product and ETAP’s game-changing, tech-enabled distribution.

Ilori explained that the partnership also covered customer acquisition model to drive the adoption of the much-needed car insurance in Nigeria.

He expressed AIICO’s satisfaction to unveil its collaboration with ETAP, which marked the beginning of a transformative era in car insurance.

” Despite being Africa’s largest economy and one of the biggest automotive markets on the continent, car insurance penetration in Nigeria remains relatively low.

“Less than 30 per cent of registered vehicles have genuine insurance for at least, third-party protection.

“The complexities of buying and claiming insurance have led to widespread apathy, with many car owners opting to go without genuine insurance,” he said.

According to him, with ETAP, drivers simply need to download the app or launch the enterprise platform for organisations.

He said that, drivers would also provide basic information about their cars and driving history, and could buy insurance within 90 seconds and complete their claims within three minutes.

The AIICO official added that ETAP gave customers the flexibility of paying premiums weekly, monthly, quarterly and annually on the app.

He said that ETAP’s game-changing app also used advanced telematics to monitor driving behaviours, such as speed, acceleration, brake, cornering and focus.

Ilori stated that more drivers across Nigeria would be able to earn Safe Driving Points that could be converted into vouchers.

“Such vouchers can be used for fuel purchase, shopping vouchers for the most in-demand retail outlets, cinemas and concert tickets, as well as vouchers for other exciting experiences.

“ETAP has a leader board where Nigerian drivers are gamified to maintain good driving behaviour.

” Drivers can monitor the leader board in real time to get actionable insights on their driving behaviour, access tips to improve their driving behaviour and get rewarded for driving better.

“In addition, drivers can also challenge one another on who the better driver is, based on their leader board ranking, contributing to safer roads across Nigeria.

” 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,” he said.

He said that ETAP also used machine learning to build intelligent risk profiles that determined appropriate premiums for each driver while allowing them to achieve lower premiums by driving safely.

Ilori noted that the initiative would not only elevate driving but also significantly enhance safety on our roads.

The Chief Executive Officer ETAP, Mr Ibraheem Babalola, said that the company was proud to collaborate with AIICO on the initiative

Babalola said the app had the ability to reward safe driving habit, as well as quick access to insurance purchase.

He explained that the app’s fast claims payment would undoubtedly empower car owners and encourage responsible behaviour on the roads.

“We invite everyone to download the app from Apple App Store or Google Play Store and experience a new dimension of driving,” he said.

AIICO Insurance is a leading insurance company with a commitment to excellence and customer satisfaction, offering a wide range of insurance products to meet the diverse needs of individuals and businesses.

Tags: Insurance
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
22 African nations in debt crisis

FG ends borrowing, Finance Minister assures Nigerians

East African nations reduce loss-making public enterprises

East African nations reduce loss-making public enterprises

Recommended Stories

Osinbajo, Jonathan at Dunamis Dom launch

Nigeria’s social programme to mitigate poverty

November 30, 2018
Chinese investors to cultivate 10,000 hectares of rice in Yobe

Ebonyi rice farmers decry hike in labour, inputs

June 19, 2023
Buhari presents N8.8trn 2019 budget

Buhari thanks Nigerians for mandate

February 27, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us