Yemisi Izuora
The Nigeria Insurance industry has stepped up efforts to ensure implementation of compulsory insurances in the country.
To this end the sector will collaborate with Law enforcement agencies to ensure strict compliance to those category of insurance.
The industry disclosed this at the just concluded Insurance Industry Consultative Council (IICC), Mega Conference that took place at the Transcorp Hilton Hotel, Abuja, that the collaboration will enable the industry to eliminate fake insurance policies and agents in the country.
Speaking on behalf of the industry, the Director General of the Nigerian Insurers Association, (NIA), Mr. Sunday Thomas said that the industry needs to move forward in other to achieve its goal of contributing to the nations GDP.
He also called on law enforcement agencies in the country to setup implementation framework to ensure proper implementation of compulsory insurances in the country, this he said will be reviewed at the next year conference.
Speaking further on building liability insurance, the Assistant Commissioner of Police, Mr Kayode Tuner, applauded the Lagos State government for the success it has recorded in the enforcement of building insurance.
He however called on the industry to work together with State government to ensure they enforce the compulsory building insurance law in their various states.
He also called for proper training of law enforcement agents to understand the rudiments of insurance business.
The Corps Commander, Federal Road Safety Corps, Mr Angus Ibezim, faulted the Vehicle Inspection Officers (VIO) for the delay in enforcement of compulsory motor insurance policy.
According to him, the VIO is responsible for the delay in enforcement of insurance policy.
He said third party insurance policy are mostly sold in all VIO offices in the country.
The NIA Chairman, Mr. GUS wiggle however called on the law enforcement agents to work together with the industry to build a risk free country.
