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NIA Moves To Tackle Fake Insurance In Nigeria

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Posted Apr 25, 2019 | Insurance, Awareness, Insurance Products, Insurance Industry

NIA Moves To Tackle Fake Insurance In Nigeria

Following cases of thriving fake insurance the Nigerian Insurers Association (NIA), has said it would take fresh to eradicate fake insurance certificates in the market.

Mrs Yetunde Ilori, Director-General of NIA, who gave the assurance during a media briefing in Lagos, said that the association initiated the Nigerian Insurance Industry Database (NIID) to assist motoring public verify the genuineness of their insurance certificates.

To deepen the impact of the platform, the association in collaboration with Nigeria Inter-Bank Settlement System (NIBSS) launched the “USSD *565*11#’’ code and allow easy access regardless of internet connection.

According to her, the platform is considered an important step in the fight against insurance fraud and economic sabotage:

“Prior to the establishment of the platform, cloning and faking of insurance certificates were thriving business in the country, but now, it has reduced.’’

The platform would further protect the image of the industry and also ensure that only insured vehicles were driven on Nigerian roads.

She noted that the association would continue to evolve technology to solve challenges confronting the industry and to deepen insurance penetration in the country.

 

Culled from orientalnewsng.com

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