In a bid to reshape public perception of third-party motor insurance and highlight its crucial role beyond mere regulatory compliance, Coronation Insurance Plc successfully hosted its latest Thought Leadership Webinar Series on February 27, 2025. Themed “Beyond Compliance: Demystifying Third-Party Motor Insurance – Legal Requirements, Coverage & Benefits, and Claims Administration,” the event brought together industry experts, legal professionals, and road safety authorities to provide a comprehensive breakdown of the importance of third-party motor insurance as a financial and legal safeguard for motorists.
Breaking Misconceptions: More Than Just a Requirement
Many Nigerian motorists view third-party motor insurance as nothing more than a mandatory obligation—an annual box to tick to avoid penalties. However, speakers at the webinar emphasized its role as a safety net, protecting drivers from potential financial burdens and legal disputes in the event of an accident.
The session was enriched with insights from key speakers, including:
- CSP Akinwale Akappo, Chief Superintendent of Police, Nigeria Police Force
- CRC Uko O. Uko, Unit Commander, Federal Road Safety Corps (FRSC)
- Mary-Anne Momoh-Ige, Government Relations Specialist, inDrive Africa
- Charles Oghiabu, Head, Retail Claims, Coronation Insurance Plc
- Linda Ochugbua, Digital Sales Manager, BusinessDay Media Limited
These experts shared real-life case studies, demonstrating how third-party insurance protects drivers from unexpected liabilities, ensuring legal and financial stability in challenging situations.
Key Takeaways: What Participants Learned
Attendees gained a clearer understanding of:
✅ Legal Obligations – The importance of compliance with insurance laws and the risks of non-adherence.
✅ Coverage Benefits – How third-party insurance shields motorists from financial liabilities arising from damages to third parties.
✅ Claims Administration – A step-by-step guide on how to efficiently file and process claims.
✅ Industry Trends – Insights on the evolving role of technology and regulatory frameworks in motor insurance.
Coronation Insurance: Strengthening Public Confidence in Insurance Solutions
Through this webinar, Coronation Insurance Plc reaffirmed its position as a thought leader in Nigeria’s insurance sector, bridging the knowledge gap on third-party motor insurance. The event successfully dispelled common misconceptions, reinforcing that third-party motor insurance is not just a legal requirement but a vital risk management tool for every motorist.
The session ended with an interactive Q&A segment, allowing participants to engage with industry professionals and seek clarity on common concerns surrounding third-party insurance policies.
Looking Ahead: A More Informed and Protected Driving Community
As road traffic incidents continue to rise in Nigeria, understanding the true value of insurance coverage is more important than ever. With this initiative, Coronation Insurance Plc continues to empower individuals and businesses with the knowledge needed to make informed decisions that safeguard their financial future.
For those who missed the session or would like to learn more, Coronation Insurance encourages inquiries via CorporateCommunications@coronationinsurance.com.ng.
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