Redefining Insurance: Anchor Unveils Enhanced Third-Party Motor Policy and Mobile App

At Anchor Insurance Company Limited, we have always upheld a simple yet powerful promise: to be where insurance works. This commitment is reflected in our approach to responsible risk management, reliable service delivery and the prompt settlement of genuine claims. In line with this and our quest to become an even more accessible, technology-driven and customer-focused insurer, we have unveiled two significant innovations: the Enhanced Third-Party Motor Insurance Policy and the Anchor Insurance App. The launch was held at our Corporate Office at Victoria Island, Lagos, on Monday, 5th October, 2026.

Bridging the Gap in Motor Insurance

For many motorists, the choice has traditionally been between basic Third Party Motor Insurance and the higher cost of Comprehensive Motor Insurance. But as our MD/CEO, Dr. Ebose Augustine Osegha, questioned during the launch ceremony,  “Why should motorists have to choose between affordability and meaningful protection?”

The Enhanced Third-Party Motor Insurance Policy is designed to bridge this gap, providing practical and meaningful protection while keeping affordability in focus.

The product, which comes in several tiers, offers individuals, families, institutions, small businesses, fleet owners and transport operators an opportunity to enjoy greater confidence on the road without unnecessary financial pressure.

Insurance, Now at Your Fingertips

As customers increasingly expect essential services to be accessible digitally, Anchor Insurance is bringing insurance closer to them through the Anchor Insurance App.

Available for customers and brokers, the App provides a convenient digital platform for managing essential insurance services anytime and from anywhere.

Policy Purchase and Management

Customers can purchase insurance products, make payments through supported digital channels and receive policy documentation electronically, without any third-party interference, subject to the required verification and underwriting processes.

Existing policyholders can also access policy information, make payments, update their details and receive renewal notifications without unnecessary visits to an office.

Claims Management

Customers can submit claims, upload supporting documents and monitor their claims through the various stages of processing, providing greater visibility and confidence during what is often the most important point of the insurance experience.

Dedicated Broker Module

The App also features a dedicated Broker Module, providing brokers with a centralised platform to manage multiple clients, access policy information, support claims-related activities and monitor important updates.

Building a Better Insurance Experience

The launch of these two innovations goes beyond introducing a new product and a digital platform. It reflects Anchor Insurance’s broader commitment to making insurance easier to understand, easier to buy and easier to manage.

As we continue to invest in technology, people and processes, our goal remains clear: to deliver faster, simpler and more responsive insurance services while maintaining our commitment to responsible underwriting, regulatory compliance and customer protection.

Anchor Insurance is not waiting for the future of insurance—we are building it. Download the Anchor Insurance App today from the Google Play Store or Apple App Store and experience a more connected, convenient way to manage your insurance.