Insurance

NAICOM eyes mobile courts to prosecute compulsory insurance defaulters

Leave a comment and share

Chuks Udo Okonta

The National Insurance Commission (NAICOM) is to collaborate with the Ministry of Justice to establish mobile courts that would prosecute individuals and corporate entities that failed to comply with procurement of compulsory insurances, Inspenonline reports.

The Head, Corporate Communications and Market Development, NAICOM, Salami Rasaaq, who disclosed this, noted that the initiative was part of the commission’s strategy to grow insurance business.

He said NAICOM would soon launch a joint implementation taskforce with the Nigerian Police, Federal Road Safety Corps; Ministry of Justice and Ministries, Departments and Agencies at all levels.

Salami submitted that the commission will institute insurance stakeholders forum; town hall meetings and launch insurance industry thought leadership series (testimonials and endorsements).

He posited that the commission would also work with small and medium cohorts across geo-political zones; building trust among the insured leading to more referrals; building confidence in the sector by reducing incidences of fake insurance and implementing penalty for non payment of claims and working with digital companies with access to data and information for wider reach and impact.

Leave a Comment

Your email address will not be published. Required fields are marked *

*