The Inspector-General of Police (IGP) has commended the National Insurance Commission (NIC) on its bold implementation of the Motor Insurance Database (MID).
James Oppong-Boanuh stated that this initiative was long overdue and could not have come at a better time. He made these remarks when the top Management of the NIC led by the Commissioner of Insurance, Justice Yaw Ofori, paid a courtesy call on him at the Police Headquarters.
Also present at the meeting was the Director-General of the Motor Traffic and Transport Department of the Ghana Police Service, Commissioner of Police Beatrice Vib-Sanziri.
He bemoaned, the carnage on our roads being recorded at such an alarming rate barely a few days into the new year as worrisome.
The objective of the MID is to curb the phenomenon of vehicles with fake motor insurance stickers plying our roads, thus endangering lives and property.
The IGP further called on the NIC to expedite action on the training of the Police Officers of the MTTD on the MID across the Country for more effective and successful implementation.
In his remarks, the Commissioner of Insurance, Justice Ofori commended the Police for being a key stakeholder in the motor insurance space as regards enforcement without which the industry would have suffered a huge setback. Mr Ofori assured the IGP and for that matter the Police Service of the insurance Industry’s unrelenting support towards an enhanced collaboration.
“The NIC will collaborate with the MTTD as they conduct random checks across the lengths and breadths of the country to rid our roads of uninsured vehicles with fake insurance stickers,” the Commissioner intimated.
It is instructive to note that the number of uninsured vehicles on our roads is not easily detectable by the Police and this has led to the loss of many lives and property – a situation that warranted the development and ultimate implementation of this database.
It is expected that this will provide the much-needed vehicle for increased insurance penetration in the country; thus, contributing to real economic growth.
It would be recalled that the Vice-President, Alhaji Dr. Mahamudu Bawumia, made a formal declaration on this all-important digital database in December 2019 and its swift implementation by the NIC.
The Vice President described the innovation as a demonstration of the regulator’s resolve to ensure consumer protection and prudent solvency of the insurance sector as stipulated in Article 2 (3) of the Insurance Act 2006 (Act 724) and plugging the loopholes couldn’t have been this timely.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana and Seychelles strengthen bilateral ties with focus on key sectors
11 mins -
National Elections Security Taskforce meets political party heads ahead of December elections
14 mins -
Samsung’s AI-powered innovations honored by Consumer Technology Association
34 mins -
Fugitive Zambian MP arrested in Zimbabwe – minister
52 mins -
Town council in Canada at standstill over refusal to take King’s oath
1 hour -
Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws
1 hour -
Providing quality seeds to farmers is first step towards achieving food security in Ghana
1 hour -
Thousands of PayPal customers report brief outage
2 hours -
Gary Gensler to leave role as SEC chairman
2 hours -
Contraceptive pills recalled in South Africa after mix-up
2 hours -
Patient sues Algerian author over claims he used her in novel
2 hours -
Kenya’s president cancels major deals with Adani Group
2 hours -
COP29: Africa urged to invest in youth to lead fight against climate change
3 hours -
How Kenya’s evangelical president has fallen out with churches
3 hours -
‘Restoring forests or ravaging Ghana’s green heritage?’ – Coalition questions Akufo-Addo’s COP 29 claims
3 hours