Third party auto insurance is designed to make an injured party “whole” as a result of a covered accident. Damage to vehicles and other property can be expensive to repair or replace, as well as the cost of medical needs resulting from an accident. If the responsible party does not carry adequate coverage, the injured party would have little choice but to pursue a lawsuit.

As an insurance consumer, have there been times when you feel that you need to associate with other insurance consumers to address issues or challenges of mutual interest? Then INSCAN can be of help.

In Nigeria, insurance has never been a popular buy. A common answer being given by the average Nigerians on why he will not buy insurance has always been “Insurance don’t pay claims.”

The uncertainty in life is what makes insurance so important. Although we can never predict what will happen to us, with the right insurance policies we can recover from our financial losses. This is because the insurance company will share the risk with us, to provide us enough security.

Last year, only 74 companies out of the lot operating in Nigeria got the National Pension Commission, PenCom, certificate of compliance to the Contributory Pension Scheme, CPS.