Business
NIA To Upload Marine Insurance Policies On Database
A former Chairman of Nigerian Insurers Association (NIA), Mr Olusola Ladipo Ajayi, on Monday said marine insurance policies would be the next to be captured on the Nigerian Insurance Industry Database.
Ladipo-Ajayi told our correspondent in Lagos that it was for this reason the association involved the Nigeria Customs Service in the first module for the motor insurance.
According to him, the customs is reviewing its laws to make it mandatory for the service to inspect marine insurance certificates at the ports.
“We have linked up with the Nigeria Customs Service because we will need their help on the next module; a marine insurance that will be in the insurance database.
“The review of the enabling law of the customs has made it mandatory for them to inspect marine insurance certificate at the ports.
“We really need to be with them. We have been talking and we are carrying all the stakeholders along,” he said.
Ladipo-Ajayi said that the association would soon get its members to start uploading marine insurance policies on the database after the success and official launch of the motor insurance.
He said that the association was slow in having all the insurance policies on the database because it wanted to carry all policy holders along.
“We do not want anyone that is carrying a genuine policy to be left out,” he said.
According to him, the database does not in any way annul the existing law that makes it compulsory for people to have insurance policies.
The former NIA chairman said that the database would help the law enforcement agents to identify fake insurance certificates.
He also said that policy holders could also verify their insurance certificates
Ladipo-Ajayi said that the association was focusing on motor and marine insurance policies in the first and second phases because these were areas where fake insurance certificates were rampant.