Audio By Carbonatix
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.
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.
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
-
US seizes second oil tanker off Venezuela’s coast
7 minutes -
Australian PM announces intelligence review as country mourns Bondi attack
17 minutes -
Imran Khan and wife given further jail terms after state gift fraud case
18 minutes -
5 perish in fatal collision on Cape Coast–Takoradi Highway
30 minutes -
Poultry imports driving egg glut – GAPFA
1 hour -
Legal lifeline for Ghanaians in America as lawyers association, Embassy move to tackle diaspora challenges
2 hours -
Photos: First Atlantic Bank PLC officially listed on Ghana Stock Exchange
2 hours -
Energy minister assures stable power as Ghana hits peak demand in December
3 hours -
Miguel Ribeiro Fiifi Brandful
3 hours -
Adom TV’s ‘Nine Lessons and Carols’ electrifies National Theatre in a festive extravaganza
3 hours -
Mahama orders $78m payment to Justmoh to resume Agona–Nkwanta road works
3 hours -
Christmas rush deepens traffic woes in Accra Central
4 hours -
Three arrested after viral video shows toddler being fed alcohol
4 hours -
Survivors ‘nervous and sceptical’ about release of remaining Epstein files
5 hours -
‘No room for egos’: Sam Jonah issues bold challenge to UCC graduates and Ghana’s future leaders
5 hours
