Coscharis Motors partners AIICO, Tangerine to integrate insurance into auto sales

By Rosemary Iwuala

Coscharis Motors Limited, a leading brand in the Nigerian automobile industry, has partnered with AIICO Insurance Plc and Tangerine to integrate insurance policy into its automobile sales.

As a result, existing and prospective customers of Coscharis will continue to enjoy premium automobile after-sales service backed with risk protection from the underwriting company, guaranteeing peace of mind at a minimal cost from the moment they purchase any vehicle of their choice.

Abiona Babarinde, Coscharis Group’s heneral manager, marketing and corporate communication, said the company entered into “this value-based collaboration” in its quest to continuously offer the best value to its wide range of customers.

“With this integrated insurance package, we can guarantee our customers immediate insurance coverage at the time of car purchase across all of our showrooms, as well as a quick and stress-free claims process should the need arise,” he said.

Piyush Srivastava, head, partnership & alliance at AIICO,, said the insurance firm appreciates the trust reposed on it by the Coscharis Group and giving AIICO a platform to bring on board its “experience, expertise and capacity for underwriting this kind of business”.

He said the partnership would benefit Coscharis Motors’ clients significantly.

“Among other backend processes in place, we have developed procedures to speed up the claims process and they would enjoy a seamless customer experience. In addition, customers are to get priority attention for necessary repairs or replacements,” he said.

Gbenga Ilori, AIICO’s head of retail business, said the company’s approach to business is built on a deep understanding of the markets we operate in.

“This partnership illustrates our commitment to providing solutions to the identified needs,” he said.

AIICO Insurance Plc is a household name in insurance and has been in the underwriting business for nearly six decades and currently ranks highest by gross written premium in the industry for two consecutive years (2020 and 2021). It provides life and health insurance, general insurance and investment management services to create and protect wealth for individuals, families and corporate customers.