By Bassey UDO
The National Insurance Commission (NAICOM) has signed an agreement that will allow it to integrate its data with the Federal Road Safety Corps (FRSC) and National Health Insurance Authority (NHIA) to strengthen and improve safety and emergency response on Nigerian roads.
The data integration agreement, which would be implemented through the Motor Third Party Insurance Scheme, was reached during a meeting between the FRSC Corps Marshal, Shehu Muhammed, and the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, in Abuja on Thursday.
In line with the agreement, NAICOM and FRSC would integrate their data sharing systems to enable seamless information sharing, while both agencies would develop and carry out strategies for regular joint awareness campaigns to educate the public on insurance benefits and road safety.
Also, both agencies would collaborate to constitute a joint committee on enforcement of proper insurance coverage to address cases of fake insurance policies.
Under the agreement, the FRSC would be required to include insurance requirements, especially for valid third-party motor insurance, in its awareness and enforcement efforts.
The collaboration aims to promote road safety, ensure prompt treatment for accident victims, and protect the interests of motorists and other road users. A date will be announced for the inauguration of the joint committee.
During the meeting, the Corps Marshal who congratulated NAICOM on the signing of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 acknowledged the Commission’s efforts in driving reforms in the industry.
Muhammed emphasized the need for enhanced data exchange between NAICOM and FRSC to develop a robust system for rapid response to road accidents and payment of compensation to victims.
The Corps Marshal also stressed the importance of digitizing the licensing process for prompt emergency response and eliminating fake motor insurance policies.
The Commissioner for Insurance, in his response, thanked the Corps Marshal for the visit and commended his efforts in upgrading the licensing system in the country.
He noted that the NIIRA 2025 has strengthened the compulsory third-party motor insurance policy, while establishing a fund for compensating road accident victims, to be administered by a committee that includes a representation of the FRSC.
The Representative of the National Health Insurance Authority (NHIA), Mr. Ajodi Nuhu Nasir expressed satisfaction with the collaborative efforts among the agencies, noting that the synergy would culminate in a robust system that would not only safeguard our roads, but also ensure prompt provision of quality medical treatment for accident victims, thereby reducing the morbidity and mortality rate associated with road crashes.
