Graphic Business News

Over 100,000 stickers issued under MID policy

By: Business Desk Report

The Motor Insurance Database (MID) which was introduced by the National Insurance Commission in January 2020 to help eliminate the phenomenon of fake insurance in the system has crossed the 100,000 mark just in 7 weeks.

This was disclosed by the Head of Supervision of the National Insurance Commission (NIC), Mr Seth Eshun during the training of Trainers seminar for Personnel of the Police MTTD drawn from the Eastern and Volta Regional Offices.

According to the Supervisor who took the Personnel through an overview of the database and how it is to be enforced by the Police in Koforidua "as of the evening of Monday February 24, 2020, the database has recorded the insurance of over 101,000 vehicles.

He expressed delight in the fact that this development is an indication that the general public and the insurance industry have come to understand the benefits of digitizing the insurance sector to rid the system of fraudsters.

The NIC is on a nati