Insurance loses N50b to fake third party motor yearly

Insurance loses N50b to fake third party motor yearly

The insurance sector is losing over N50 billion to fake Third Party Motor Insurance annually, investigation by The Nation has revealed. This is going by the Federal Road Safety Commission’s (FRSC’s) recent report that 12 million registered vehicles, including private and commercial, ply the roads. Also, latest report from the Nigeria Insurers Association (NIA) showed […]

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Source: Insurance loses N50b to fake third party motor yearly

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