Anchor Insurance Launches New Motor Policy and App

Anchor Insurance Company Limited has introduced an enhanced third-party motor insurance policy and the Anchor Insurance App in Lagos. This initiative aims to address barriers to motor insurance in Nigeria, such as affordability, limited awareness, and distrust over claims settlement.

The new policy provides an additional coverage option between conventional third-party insurance and comprehensive insurance, targeting individuals, families, fleet owners, transport operators, and businesses. Managing Director and Chief Executive Officer Augustine Osegha stated that the enhanced policy bridges the gap between basic third-party protection and comprehensive insurance, offering practical protection at an affordable price.

The Anchor Insurance App allows users to purchase insurance products, make payments, receive policy documents electronically, and manage their insurance needs digitally. The platform is designed to improve transparency and efficiency in claims processing.

Osegha emphasized the importance of evolving insurance practices to meet changing consumer expectations and encouraged both existing and potential policyholders to download the app.