ABOUT FIVE MILLION VEHICLES HAVE GENUINE INSURANCE- NIA

Motor vehicles with genuine insurance papers or policies is now five million as captured by the Nigerian Insurance Industry Database (NIID).
The NIID has impacted positively on the operations of Insurance companies.
Although the number of vehicles captured on the database still falls below expectations going by the number of vehicles in the country and in Lagos especially.
Insurers have promised to sustain the drive to capture all vehicles plying Nigerian roads.
The NIA is also in talks with the Nigeria Interbank Settlement System (NIBSS) for deployment of USSD code.
When operational, the USSD code is expected to close the gap currently encountered in the operation of the NIID as the code will not require internet connectivity for verification of motor insurance certificates across the country.

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