In 2016, the insurance industry in Nigeria generated an estimated gross premium income (GPI) of $58.4 billion despite the low penetration rate (0.45%) in the country. Insurance in the country can be traced to 1918 when the Royal Exchange Assurance Agency was inaugurated. However, the first indigenous insurance company, African Insurance Company Limited, was founded […]
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We recently reported the launch of Autogenius, a new car insurance comparison website. Next, we talk to Autogenius creator, Kola Oyeneyin about the service and where it’s going.
Venia Technologies has created an online car insurance comparison website. A public launch for AutoGenius, as the product has been dubbed, was held for the product yesterday, the 16th of October, with six leading Nigerian insurance companies in attendance. According to Kola Oyeneyin, CEO of Venia Technologies, the new insurance comparison platform will give users the ability to search, […]