Nigerian insurtech startup ETAP has partnered with AIICO Insurance to increase access for car insurance in Nigeria.
As part of the deal, AIICO will combine its car insurance product with ETAP’s tech-enabled distribution and customer acquisition model to increase the adoption of car insurance in Nigeria.
“We are proud to collaborate with AIICO Insurance on this transformative collaboration. 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. We invite everyone to download the app from Apple App Store or Google Play Store and experience a new dimension of driving,” said Ibraheem Babalola, CEO of ETAP.
Launched in November 2021, ETAP simplifies buying and claiming of car insurance , providing drivers with access to a range of daily, weekly, monthly and quarterly plans to choose from.
The insurtech uses machine learning to design intelligent risk profiles that determine appropriate premiums for each driver, allowing them to achieve lower premiums by driving safely.
Using advanced telematics, the driving experience is gamified to improve driving behaviour and drivers can earn Safe Driving Points that can be exchanged for shopping vouchers for the most in-demand retail outlets, fuel, cinema and concert tickets, and other exciting experiences.
On the other hand ,AIICO Insurance offers life and health insurance, general insurance and investment management services to create and protect wealth for individuals, families and corporate customers.
Gbenga Ilori, head of retail business of AIICO Insurance said, “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.”
