Over 3 million vehicles have genuine insurance policies – NIA


.Insurers adopt USSD code

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Chuks Udo Okonta

The Nigerian Insurers Association (NIA) has said over 3 million vehicles have genuine insurance policies.

The Director-General of the association, Sunday Thomas, in a report, stated that the figure represents vehicles recorded on the Nigerian Insurance Industry Database.

He noted that with the adoption by Lagos State and three other states, the use of the handheld verification devices as well as the provided internet gateway for verification has been of immerse benefits to the insuring public and law enforcement agencies.

He maintained that to enhance the verification process, the association recently commenced discussions on the implementation of a faster, robust and responsive verification gateway, stressing that the implementation will soon be implemented

Inspen learnt that the new verification gateway to be deployed is, Unstructured Supplementary Service Data (USSD), sometimes referred to as “Quick Codes” or “Feature codes”, which is a protocol used by GSM cellular telephones to communicate with the service provider’s computers.

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