Insurance, Technology Shake Hands @ Myautogenius.com

A revolution in Nigeria’s Insurance Industry has commenced with the entrance of MyAutoGenius.com into the market, on Thursday.

With 15.5 million cars in Lagos alone and over 14% of cars on Nigerian roads uninsured or driving with fake insurance policies, there has always been a gap to access an insurance intermediary channel that will provide the advantage of convenience, speed and authentic insurance covers in real-time.

To end this era, six of the leading Insurance companies in Nigeria along with the National Insurance Commission and Hightower Insurance Brokers were present at Eko Hotel & Suites in Victoria Island, Lagos to launch MyAutoGenius.com.

The platform is the country’s first online insurance comparison platform that promises to provide car owners across Nigeria with auto insurance policies within 5 minutes.

All insurance policies bought on myautogenius.com web or mobile sites will also  be uploaded instantly on Nigeria Insurance Database (NIID), by Hightower Insurance Brokers Ltd (The brokerage company behind AutoGenius), to guarantee its authenticity.

During the launch, Mr. Kola Oyeneyin, chief executive officer,  Venia Technologies Limited, owners of myautogenius.com, demonstrated to the audience how fast and easy it was for anyone to now log on to myautogenius.com, search, compare insurers and buy their car insurance covers available from the leading Insurance players in Nigeria within 5 minutes.

Customers can also report claims real-time online.

The A-List insurance partners who will first be showcasing their auto-policies through myautogenius.com include AIICO Insurance, Custodian & Allied Insurance, Leadway Assurance, NEM Insurance, Royal Exchange Plc. & Sovereign Trust Insurance. 

Mr. Fola Daniel, commissioner of Insurance, who was represented by Mr. Segun Farinu, deputy director at the  Commission expressed delight over the innovation.

According to him, the entire Insurance Industry in Nigeria is excited about an expected positive impact that technology would have in the sector especially with initiatives like myautogenius.com.

He said that the seriousness of the Insurance Industry was evident on the day as all partners have come out in full support of the transformation drive embarked on by the team at AutoGenius evident in the room by the presence of the Managing Directors of the insurance on the new platform.

Mr. Onyeka Akumah, the lead Marketing & Communications Consultant at AutoGenius also explained that leading up to the launch, the marketing team created hash tag #OneGuyLikeThat to ask Nigerians about their ‘One-Guy-Like-That’ experience in general and as it concerned auto insurance.

This campaign had the hash tag #OneGuyLikeThat trend on Twitter across Nigeria for 5 consecutive days making it one the biggest social media activation campaigns by any new brand entering Nigeria in 2014. 

“With over 204,285 Nigerians reached in 7 days of starting off the campaign, there was a lot of buzz and expectation to the launch of AutoGenius in other to understand what exactly Nigerians were to expect from the platform,” he said.

Other AutoGenius partners who were well represented at the event and support the platform with added advantages for users who will purchase their auto-insurance policies through the platform includes AA Rescue, and OANDO Marketing Plc which had Mr. Mobolaji Bamiro  representing its CEO – Mr. Yomi Amobokun.

Also, Oyeneyin said that the myautogenius.com will be going live by 12 noon on Monday 20th, October, 2014.

However, the first 1000 visitors to the website who registered their details on myautogenius.com before the website goes live will stand a chance of winning a brand new Hyundai Elantra Car.

“It’s certainly an amazing time in the insurance industry and with the launch of myautogenius.com and a few more products on the platform; we may be experiencing a new phase of techsurance in Nigeria,” he noted. ‎