The Nigerian Insurers Association, NIA has appealed to motorists to make sure they buy genuine insurance certificates from insurance companies, brokers or accredited agents.
The Association advised motorists to avoid patronising touts, and other unauthorised sources as they do not sell genuine motor certificates and cannot be guaranteed any benefit in the event of a loss.
Chairman of NIA, Mr. Godwin Wiggle who stated this at a press briefing held at the NIA Secretariat in Lagos stated that members are adapting to the changing dynamics of insurance operations as a lot have happened to redefine the shape of insurance business by way of NAICOM regulations, guidelines and circulars.
According to Wiggle, “More verification devices were distributed to member companies to enhance their marketing activities. As a fall-out of the public acceptance of the device, the number of uploads has increased significantly over the past few years. As at May 2015, over 3million vehicles have been uploaded by the 41 member companies underwriting motor insurance business.
On the marine module of the NIID, Wiggle said that following the observed leakages in marine business, the NIID was extended to curb the fraud of fake marine certificates. The marine module of the NIID has become fully functional and member companies have started uploading their marine certificates.