The Nigerian Insurers Association has introduced an Unstructured Supplementary Service Data, USSD, code to check proliferation of fake insurance certificates in the country.
The code, *565*11#, will help to eliminate fake insurance certificates in the market.
Chairman of NIA, Tope Smart says the establishment of the database has assisted the industry in reducing the incidents of fake insurance certificates in the system.
The platform has been enhanced to include stolen vehicles and claims reporting modules in response to the challenges thrown up by actions of suspected fraudsters that made multiple claims with the intent to defraud the industry.
