In a landmark move to improve road safety, enhance insurance compliance, and ensure timely support for accident victims, the National Insurance Commission (NAICOM) has entered into a strategic partnership with the Federal Road Safety Corps (FRSC) and the National Health Insurance Authority (NHIA).
The collaboration, anchored on the recently enacted Nigerian Insurance Industry Reform Act (NIIRA) 2025, seeks to integrate regulatory oversight, data systems, and enforcement mechanisms to strengthen the Motor Third-Party Insurance Scheme across the country.
The initiative was unveiled during a courtesy visit by the FRSC Corps Marshal, Shehu Muhammed, to the Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr. Olusegun Ayo Omosehin, at the Commission’s headquarters in Abuja.
During the meeting, Corps Marshal Muhammed commended NAICOM for its leadership role in repositioning the insurance sector through the NIIRA, which he described as ‘a milestone reform with far-reaching impact on road safety, insurance integrity, and victim compensation.’
He highlighted the need for enhanced data sharing and system integration between the FRSC and NAICOM to facilitate quicker accident response, streamline claims settlement, and eliminate fake motor insurance certificates.
‘By digitising our processes and linking our databases, we can create a real-time verification system that ensures only valid third-party insurance policies are recognised, while improving emergency response and compensation timelines,’ Muhammed said.
In his response, Mr. Omosehin lauded the FRSC’s technological innovations in vehicle registration and licensing, noting that the collaboration aligns perfectly with NAICOM’s goal of improving compliance and transparency in the insurance ecosystem.
He explained that under the NIIRA 2025, the enforcement of compulsory third-party motor insurance has been strengthened, with the establishment of a dedicated fund to compensate road accident victims.
‘The new law creates a structured framework for enforcement and victim compensation. This fund, managed by a multi-stakeholder committee that includes representatives from the FRSC, will ensure prompt payment, accountability, and efficient coordination,’ the Commissioner stated.
Representing the National Health Insurance Authority (NHIA), Mr. Ajodi Nuhu Nasir described the partnership as a transformative step toward a more humane and responsive road safety ecosystem.
‘This collaboration guarantees not only safer roads but also timely and quality medical care for accident victims. It will help reduce fatalities and long-term disabilities resulting from crashes,’ he said.
Following the meeting, the three agencies agreed on several key action points, including: Integration of NAICOM and FRSC data systems to enable seamless information exchange and insurance verification; Launch of a joint national awareness campaign on the benefits of motor insurance and road safety compliance;
Formation of a joint enforcement committee to combat fake insurance practices; and Inclusion of insurance verification as part of FRSC’s enforcement and public education programmes.
The agencies emphasised that the partnership reflects a shared commitment to public welfare, regulatory efficiency, and digital innovation in the management of motor insurance in Nigeria.
‘This is a proactive step towards restoring public trust in motor insurance and ensuring that every valid policy translates into real protection for motorists and accident victims,’ Omosehin added.
The alliance is also expected to expand collaboration across data analytics, claims automation, and nationwide sensitisation campaigns to educate motorists on their obligations under the new insurance framework.
A date will soon be announced for the formal inauguration of the Joint Enforcement Committee, which will drive implementation and monitor compliance across states.
With this initiative, NAICOM, FRSC, and NHIA aim to create a unified and technology-driven system that protects lives, promotes financial inclusion, and strengthens confidence in Nigeria’s insurance and road safety systems.