AXA Mansard, a member of AXA, a global leader in insurance and asset management partners with Berkshire, a finance company to offer a flexible payment option for customers to pay their motor insurance premiums monthly, rather than the traditional annual payment.
AXA Mansard, a member of the globally renowned insurance and asset management leader AXA, has joined forces with Berkshire, a finance company, to introduce a convenient payment option for motor insurance premiums. This innovative service allows customers to pay their premiums on a monthly basis, departing from the traditional annual payment method. Jumoke Odunlami, AXA Mansard’s Chief Customer and Marketing Officer, expressed enthusiasm about the new offering, stating, “We are thrilled to launch this new service for our motor insurance customers. We understand that paying for motor insurance can be challenging for many individuals, and our goal is to simplify the process, making it easier for our customers to obtain the necessary coverage to safeguard themselves and their vehicles.”
Mr. Adetola Odusote, the Chief Executive Officer of Berkshire, also shared his thoughts on the collaboration, stating, “We are excited to partner with AXA Mansard in spearheading this groundbreaking initiative. We firmly believe that this new service will have a significant impact on many Nigerians, especially as they navigate the recent regulatory changes in motor insurance.”
To avail themselves of the new monthly payment option, customers can simply choose the option when purchasing their motor insurance policy online or by visiting any of AXA Mansard’s offices.
It is worth noting that Berkshire is a finance company licensed by the Central Bank of Nigeria, granting them the authority to provide loans and other financial services. On the other hand, AXA Mansard is registered as a composite company with the National Insurance Commission of Nigeria (NAICOM). The company offers a comprehensive range of life and non-life insurance products and services to both individuals and institutions across Nigeria. Additionally, through its subsidiaries, AXA Mansard Investments Limited and AXA Mansard Health Limited, the company offers asset/investment management services and health insurance solutions, respectively. In November 2009, the parent company was listed on the Nigeria Stock Exchange.