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By Henry Uche
National Insurance Commission (NAICOM), Federal Road Safety Corps (FRSC) and National Health Insurance Authority (NHIA) have synergised to improve safety and emergency response on Nigerian roads through the Motor Third Party Insurance Scheme. A statement from NAICOM confirmed this development.
The development follows a courtesy visit by the FRSC Corps Marshal, Shehu Muhammed, to the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, at NAICOM Headquarters on Thursday.
During the meeting, the Corps Marshal congratulated NAICOM on the signing of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and 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 quick response to road accidents and compensation. He stressed the importance of digitizing the process for prompt emergency response and eliminating fake motor insurance policies.
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In response, the Commissioner for Insurance thanked the Corps Marshal for the visit, and commended his efforts in upgrading the licensing system. He highlighted that NIIRA 2025 has strengthened the compulsory third-party motor insurance policy and established a fund for compensating road accident victims, which will be administered by a committee that includes FRSC representation.
The representative of the National Health Insurance Authority (NHIA), Mr. Ajodi Nuhu Nasir, expressed profound satisfaction at the collaborative efforts among the agencies, noting that the synergy will culminate in a robust system that not only safeguards Nigeria’s roads, but also ensures prompt and quality medical treatment for accident victims, thereby reducing the morbidity and mortality associated with road crashes.
One positive outcome is that NAICOM and FRSC will integrate their data sharing systems to enable seamless information sharing. The agencies also agreed to develop a joint awareness campaign strategy to educate the public on insurance benefits and road safety.
Other agreements reached were the establishment of an enforcement joint committee for proper insurance coverage and to address cases of fake insurance policies. FRSC agreed with NAICOM and NHIA to include insurance requirements, especially for valid third-party motor insurance, in its awareness and enforcement efforts.
The collaboration is meant to promote road safety, ensure prompt treatment for accident victims, and protect the interests of motorists and other road users.
