The Nigerian Insurers Association (NIA) has expressed its readiness to address the challenge of uninsured vehicles plying Nigerian roads across the 36 states.
The immediate past chairman of the association, Ganiyu Musa, disclosed this at a briefing to give an account of his stewardship for the past two years. He said that the NIA was engaging with road traffic officers to constrain integration of the third-party motor insurance across the states.
Musa said the industry was burdened by what it is losing to insurance racketeers and non-insurance of vehicles in the country.
He said discussions were ongoing with the states to ensure that motorists get genuine insurance cover at the point of renewing their vehicle particulars at licensing offices.
The former chairman said the association was also working with Lagos State Building Control Agency as part of its engagement on the implementation of the Lagos State Building law Occupiers Liability and Builders Liability Insurance.