In a collaborative move to strengthen insurance compliance in the country, the National Insurance Commission (NAICOM) and the Nigeria Police Force (NPF) have inaugurated a joint committee on enforcement of compulsory insurance laws.
This is coming ahead of February 1, 2025, when the Inspector General of police fixed for enforcement of motor vehicle insurance effective across the country.
The Inauguration held Thursday in Abuja, witnessed the Commissioner for Insurance represented by Ekerete Ola Gam-Ikon , deputy commissioner for Insurance, Finance and Administration while the Police Force team was led by DCP Mallum Maina.
Task of the Joint Committee will be to develop and implement strategies for enforcing compulsory insurances in Nigeria; Ensure compliance with compulsory insurance policies as mandated by the Insurance Act and other related laws; Foster synergy and collaboration between NAICOM and NPF; Provide training and capacity-building programs for personnel of both organizations on compulsory insurances.
Read also: NAICOM backs police on February 1 enforcement of motor third-party insurance
Scope of Work of the committee will be to Evaluate existing challenges in enforcing compulsory insurances and propose solutions; Develop protocols for joint enforcement operations of compulsory insurances; Recommend policy reforms to strengthen insurance compliance; Undertake public sensitization programs on compulsory insurances, and Develop training programs for personnel of both organizations on compulsory insurances.
The joint committee’s inauguration marks a significant step towards ensuring that all vehicle owners comply with compulsory insurance laws. This collaboration aims to promote a safer and more secure environment for all road users, NAICOM said Thursday.
To ensure seamless enforcement and as part of the inauguration, Ekerete Ola Gam-Ikon the deputy commissioner, Finance & Administration, referred the Committee to some key tools, including the Insurance Act 2003, the Inspector General’s speech on Third-Party Motor Insurance enforcement, list of licensed insurance companies authorized to conduct motor business and NAICOM USSD *7292# for verification of insurance policy, or visit www.askiid.org and www.niip.ng to verify any motor insurance certificate and to purchase genuine Third-Party Motor insurance, respectively.
With this joint committee in place, NAICOM and the NPF are poised to make a significant impact on insurance compliance in Nigeria.
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