International Energy Insurance has urged operators to make the third-party motor insurance more attractive to motorists following its enforcement on February 1, 2025.

According to a statement made available to The PUNCH recently, IEI said it is important to ensure motorists have a valid policy to avoid running afoul of the law.

Earlier in January, the Inspector-General of Police, Kayode Egbetokun, announced nationwide enforcement of third-party motor insurance from February 1, 2025. Section 68 of the Insurance Act and Section 312 of the 1945 Motor Vehicle (Third Party Insurance) Act mandated all vehicle owners to possess third-party insurance before operating their vehicles on public roads.

Speaking on the enforcement, the Managing Director/Chief Executive Officer of IEI, Mr Olasupo Sogelola, urged Nigerians who already have a valid policy and suffer damage or injury from accidents to always reach out to their insurance companies to make a claim.

He went on to applaud Egbetokun for the enforcement of the policy, noting that it will generally improve insurance acceptability and deepen penetration in the industry.

He, however, said insurance operators need to look into how they can continuously ensure that the third-party motor policy is made available and the distribution model is properly followed through because they will not always have the police enforcing third-party insurance.

https://punchng.com/third-party-insurance-iei-tells-operators-to-incentivise-motorists/