NAICOM, Police deepen collaboration to boost insurance compliance

By Onu Okorie

National Insurance Commission (NAICOM) has stressed the importance of stronger collaboration with the Nigeria Police Force (NPF) in promoting compliance with compulsory insurance policies, saying the partnership is crucial to protecting lives, property and enhancing public safety.

The commission made the call during a one-day training programme for officers of the Nigeria Police Force, Federal Capital Territory (FCT) Command, held in Abuja. The programme was aimed at strengthening compliance with Motor Third-Party Insurance and other compulsory insurance policies, while improving insurance policy verification processes.

Speaking on behalf of the Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr. Olusegun Ayo Omosehin, Mr. Ekerete Ola Gam-Ikon said effective public safety goes beyond crime prevention and law enforcement to protecting citizens from the financial consequences of unforeseen events.

He described insurance as a vital social and economic safety net that protects individuals, families, businesses and public institutions against losses arising from accidents, disasters and other risks.

According to him, the collaboration between NAICOM and the Nigeria Police Force is essential to reducing the number of uninsured vehicles on Nigerian roads, protecting road users, curbing the use of fake insurance certificates and strengthening public confidence in regulatory institutions.

Gam-Ikon noted that the objectives of the partnership are in line with the provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and NAICOM’s mandate to deepen insurance penetration and improve compliance nationwide.

The training, themed “Building a Culture of Insurance Compliance: Police as Catalysts for Protecting Lives, Property and Enhancing Public Safety,” was designed to equip police officers with the knowledge and skills needed to promote compliance with compulsory insurance laws, verify the authenticity of insurance policies and educate members of the public on the benefits of insurance.

He highlighted the strategic role of the police in advancing insurance compliance through their daily interactions with motorists, business owners and other members of the public, noting that enforcing compulsory insurance laws would help reduce the financial burden associated with road accidents while improving public safety.

Participants received practical training on the objectives and benefits of compulsory insurance, procedures for verifying insurance policies, identifying genuine insurance certificates and understanding the legal framework governing Motor Third-Party Insurance and other compulsory insurance policies.

The programme also provided an opportunity for NAICOM and the Nigeria Police Force to strengthen institutional collaboration, while encouraging officers to act not only as compliance officers but also as advocates of insurance awareness within their various jurisdictions.

NAICOM reaffirmed its commitment to working with law enforcement agencies and other stakeholders to improve insurance awareness, increase compliance, discourage the use of fake insurance certificates and ensure that the insurance sector contributes more significantly to Nigeria’s economic growth, social stability and citizens’ welfare.

The commission also urged officers of the FCT Command to champion insurance compliance and serve as role models in promoting insurance as an essential tool for protecting lives, property, investments and livelihoods rather than merely a statutory obligation.