NIA Unveils Platform to Revolutionise 3rd Party Insurance Purchases

The Nigerian Insurers Association (NIA) has unveiled the Unified Nigerian Insurance Industry Portal (NIIP) in a move to revolutionise 3rd party insurance purchases. 

The innovative digital platform, launched on Tuesday, aims to ease and streamline the process of purchasing Third-Party Motor Insurance coverage while also addressing fake insurance certificates issued by unscrupulous elements in the market.

The Unified NIIP is an enhanced version of the existing Nigerian Insurance Industry Portal (NIIP), designed to enable members of the public to purchase Third-Party Motor insurance nationwide, as it offers unparalleled convenience and security to both insurers and the insuring public, with a myriad of benefits poised to reshape the industry.

According to the association, one of the key advantages of the Unified NIIP  is its ability to empower individuals to buy, renew, and report claims on their respective Third-Party Motor Insurance policies from the comfort of their homes, offices, or any other location 24/7 using the internet.

A statement issued by the group and made available to newsmen stated that the user-friendly portal not only enhances accessibility but also significantly reduces the incidence of fake insurance papers circulating in the country, adding that, among its array of benefits is that the portal is poised to eliminate or substantially reduce complaints from the public across different states of the federation.

NIA emphasised its inclusivity and ease of use. Individuals can purchase Third-Party Motor Insurance covers for themselves or on behalf of others as insurance brokers and agents duly registered and licensed by the National Insurance Commission (NAICOM) can also use this portal to sell insurance to their clients.

“Premium payments on the NIIP platform are seamless, offering multiple payment options, including mobile banking apps, fund transfer platforms, ATM cards, and Quickteller. Once payment is made, users can conveniently print or download their certificates directly from the platform, ensuring hassle-free access to essential documentation,” it pointed out.

Believing that the portal will have a highly transformative impact on the insurance market, it said, that with the platform’s innovative features, the Unified NIIP is poised to enhance customer experience and usher in a new era of efficiency in the Nigerian insurance landscape.