• Tuesday, April 16, 2024
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Insurers unveil portal to drive third-party policy in Nigeria

Insurers unveil portal to drive third-party policy in Nigeria

The Nigerian Insurers Association (NIA) has launched the Unified Nigerian Insurance Industry Portal (NIIP) to drive the purchase of motor third-party cover.

This innovative digital platform launched Tuesday to the public aims to ease and streamline the process of purchasing third-party motor insurance cover, while also addressing fake insurance certificates issued by unscrupulous elements in the market.

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The Unified NIIP is an enhanced version of the existing NIIP, designed to enable members of the public to purchase third-party motor insurance nationwide.

It offers convenience and security to both insurers and the insuring public, with a myriad of benefits poised to reshape the industry.

NIA said one of the key advantages of the Unified NIIP is its ability to empower individuals to buy, renew, and report claims on their respective third-party motor insurance policies from the comfort of their homes, offices, or any other location 24/7 using the internet.

“This user-friendly portal not only enhances accessibility but also significantly reduces the incidence of fake insurance papers circulating in the country. Among its array of benefits is that the portal is poised to eliminate or substantially reduce complaints from the public across different states of the federation, the insurance trade body said.

On common queries regarding the Unified NIIP, the NIA emphasised its inclusivity and ease of use. Individuals can purchase third-party motor insurance covers for themselves or on behalf of others.

Insurance brokers and agents duly registered and licensed by the National Insurance Commission (NAICOM) can also use this portal to sell insurance to their clients.

Premium payments on the NIIP platform are seamless, offering multiple payment options, including mobile banking apps, fund transfer platforms, ATM cards, and Quickteller.

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“Once payment is made, users can conveniently print or download their certificates directly from the platform, ensuring hassle-free access to essential documentation.”

As the NIA unveils the Unified NIIP to the public, the association and its members think that the portal will have a transformative impact on the insurance market.