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NIA reiterates commitment to eradicate fake insurance certificates



NIA reiterates commitment to eradicate fake insurance certificates


Lagos, April 23, 2019 The Nigerian Insurers Association (NIA) on Tuesday reiterated its commitment to eradicate fake insurance certificates in the market and thereby bring insurance to the public.

Mrs Yetunde Ilori, Director-General of NIA, gave the assurance at a media briefing in Lagos.

She said that the association initiated the Nigerian Insurance Industry Database (NIID) to assist motoring public verify the genuineness of their insurance certificates.

Ilori said that 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,’’ she said.

Ilori said that 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.