Service unavailable due to new NIA policy

Dear Valued Partner,

We hope this message finds you well.

As part of our continuous effort to comply with industry regulations and enhance our service offerings, we would like to inform you about an important update regarding our API services.

The Nigerian Insurers Association (NIA) has recently implemented a new sales policy on third party motor insurance sales. Consequently, all insurance companies, including Leadway Assurance, are required to discontinue the sale of third-party motor insurance on behalf of partners( Broker, Agent, aggregators and digital platforms).

In compliance with this directive, we will be disabling the third party motor insurance sales functionality on our API effective from 8th August 2024. From this date onwards, any attempts to sell third party motor insurance via our API will no longer be processed.

We understand the potential impact of this change and are committed to ensuring a smooth transition for our partners. We encourage you to switch to our Autobase Motor Insurance product, which offers more comprehensive coverage and benefits compared to the third-party motor insurance. Autobase Motor Insurance provides enhanced protection and Covers the claims in third party insurance, as well as a partial coverage for one’s owned vehicle to a limit of ₦500,000. Premium payable is ₦30,000.

To facilitate this transition, our technical support team is available to assist you with any adjustments required to your API integrations. Please do not hesitate to reach out for support or if you have any questions regarding this change.

We appreciate your understanding and cooperation in this matter. Thank you for your continued partnership with Leadway Assurance.

Best regards,