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| Thomas |
Chuks Udo Okonta
The Nigerian Insurance Industry Database
initiative has pushed motor insurance business especially third party, by over
50 per cent between 2012 and 2013, the Director-General Nigerian Insurers
Association (NIA) Sunday Thomas, has said.
He noted that over 2.5 million motor
insurance certificates have been captured in the database as at date, adding
that the initiative has gained recognition amongst the populace as the
mechanism for verification to ascertain genuine insurance covers.
Thomas noted that investigations
conducted by the research department of the association revealed that over 70
per cent of the people met, have knowledge about the NIID initiative, stressing
that there is gradual restoration of confidence of the public and their
purchase of genuine motor insurance policies.
He lauded the supports made by the
Federal Road Safety Corps (FRSC), adding that it has been instrumental to the
level of success attained in the implementation of the NIID.
He said FRSC in compliance with the
law has continued to ensure the enforcement of genuine motor insurance cover by
making it a pre-requisite for the issuance of proof of ownership certificate
during the renewal of motor vehicle license.
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