African Insurance Awards 2017

Category

Innovation of the year

Nominee

AXA MANSARD Insurance
Nigeria

Reason for nomination

Category of Innovation: Product & Service

Value proposition of the Innovation

The first flexible motor insurance product sold solely online, that offers the following solutions:

• Ease and convenience of getting car insurance from anywhere from any internet enabled device without having to visit an insurance company

• Customization of insurance cover to suit customer needs

• AutoFlex is a variant of our motor insurance cover that provides customers the flexibility to choose required benefits in addition to the legally compulsory third party cover. Customers have the option of choosing all or some of the following covers:

- Damage to the insured vehicle as a result of an accident

- Theft of the insured vehicle

- Damage to the insured vehicle as a result of fire

• Depending on the chosen cover(s) or combination of benefits, some other cover(s) will apply to the policy at no cost.

• Purchasing the product is entirely online, customers go through the process from registration to customization to payment online.

• At the time of launch, no competitor offered this type of motor product.

A guide on how to buy the product can be found in the link below: https://www.youtube.com/watch?v=00G8-hKTfLM


Evidence of Innovation/impact on the community and the insurance market

• Mandatory Third Party Cover

• Damage to the insured vehicle as a result of an accident

• Theft of the insured vehicle

• Damage to the insured vehicle as a result of fire

• Ease and convenience of getting car insurance from anywhere from any internet enabled device without having to visit an insurance company from start to finish.