The Motor Insurance Database (MID), which was introduced by the National Insurance Commission in January 2020 to help eliminate the phenomenon of fake insurance in the system has crossed the 100,000 mark just in 7 weeks.
This was disclosed by the Head of Supervision of the National Insurance Commission (NIC), Mr. Seth Eshun, during the training of Trainers seminar for Personnel of the Police MTTD drawn from the Eastern and Volta Regional Offices.
The Supervisor, who took the Personnel through an overview of the database and how it is to be enforced by the Police in Koforidua, stated that “as of the evening of Monday February 24, 2020, the database had recorded the insurance of over 101,000 vehicles.”
He said this was an indication that the general public and the insurance industry have come to understand the benefits of digitizing the insurance sector to rid the system of fraudsters.
The NIC is on a nationwide training of trainers programme, and the exercise is expected to be replicated in all the remaining regions for purposes of enforcement by the Police Motor Traffic and Transport Department, MTTD.
GPRTU backs new Motor Insurance Database to check fake insurance stickers
Stakeholders like the Greater Accra Regional Executives of the Ghana Private Road Transport Union (GPRTU) of the Trades Unions Congress (TUC), has pledged their support to the National Insurance Commission to ensure a smooth implementation of the programme.
Insurance companies in the country are also anticipating diversity in product offerings to deepen competition in the industry with the rolling out of the new Motor Insurance Database by the National Insurance Commission.