Tag: Motor Insurance
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NIC vows to deal with producers of fake motor insurance stickers
The National Insurance Commission, NIC, has vowed to clamp down on persons still engaged in the production of fake Motor Insurance stickers. The Commission says these activities do not only violate its laws, but also put the lives of motorists and other persons at risk. The NIC estimates that about 40 percent of vehicles on…
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Industry players optimistic Motor Insurance Database will boost insurance penetration
Insurance companies in the country are 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. Per the move, insurance companies are to issue electronic motor insurance stickers for clients and also input all such information unto a database…
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NIC denies increasing motor insurance cost
The National Insurance Commission (NIC) has refuted claims circulating on social Media that it has increased the cost of motor insurance policy by 100 percent as a result of the implementation of the Motor Insurance Database. The National Insurance Commission, NIC, this week announced that it has stopped the issuance and use of the old…
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NIC to roll out motor insurance database to check fake insurance stickers
Effective April 2020, motorists would not have to paste motor insurance stickers on the windscreens of their vehicles to prove that their vehicles are insured. This follows the National Insurance Commission’s plan to roll out an electronic database next year. When completed, the system, which is already under testing, will enable the police and other…