(From left): Luciana Ojeniyi (Group Head, Digital Partnerships and Wealth Management, Tangerine), Kehinde Adeniyi (Lead, Retail Non-Life Business, AIICO), Piyush Srivastava (Head, Partnership & Alliance, AIICO), Abiona Babarinde (General Manager, Marketing and Corporate Communications, Coscharis), Yewande Adewusi (Group Executive Director, Commercial, Tangerine), Ufuoma Umukuoro (General Manager, Sales, Coscharis), during the unveiling of the agreement between Coscharis and AIICO Insurance, in Lagos
AIICO, Coscharis, partner for integration of insurance into auto sales
Coscharis Motors Limited has announced a partnership with leading underwriting firm in the country, the AIICO Insurance Plc to embed insurance into its automobile sales.
Coscharis and AIICO are known leaders in the automobile sales and insurance sectors of the country’s economy, respectively.
Under the terms of the deal, existing and prospective customers of Coscharis will continue to enjoy premium automobile after-sales service backed with risk protection from the underwriting company, further ‘guaranteeing peace of mind at a minimal cost from the moment they purchase any vehicle of their choice.’
Remarking during the signing of the agreement, in Lagos, General Manager, Marketing and Corporate Communication, Coscharis Group, Mr. Abiona Babarinde, described the deal as ‘a value-based collaboration.’
“We have entered into this value-based collaboration in our quest to continuously offer the best value to our 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,” Babarinde said.
On his part, Head, Partnership & Alliance at AIICO, Mr. Piyush Srivastava, assured Coscharis’ customers of ‘priority attention for necessary repairs or replacements’ from the insurance firm.
“We appreciate the trust reposed on us by the Coscharis Group, giving us this platform to bring on board our experience, expertise and capacity for underwriting this kind of business. From this partnership, Coscharis Motors’ clients stand to gain 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,” Srivastava said.
Further remarking, AIICO’s Head of Retail Business, Gbenga Ilori, said: “Our 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.”
Established in 1977, Coscharis Motors provides a robust diversified auto dealership comprising five luxury and two value auto products, including; Land Rover, BMW, Ford, Rolls Royce, Jaguar, brands, and others showcased in its ultra-modern showrooms nationwide.
The underwriter, AIICO Insurance Plc., 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).
