There is trouble in paradise. A member of the Nigeria Insurers Association (NIA), Custodian and Allied Insurance Plc recently spilled the beans on the golden project of the NIA the Nigerian Insurance Industry Data Base (NIID), says it takes the NIA more than 24 hours to upload policies and reflect such on the NIID platform.
The NIA has however faulted this claim by the insurance firm, saying once an insurance policy is arranged by the insurer and uploaded as expected, it will be available immediately on the NIID portal. NIA claimed that where there is delay, it is the fault of the insurance company that fails to upload immediately.
The NIA officially launched the NIID portal in 2012 to warehouse statistical and other information relating to insurance, while helping to check activities of fake documents at a fee to participating insurance companies.