Prioritise NPRA over SSNIT--Analyst

Government has missed a great opportunity to reorganize the pensions industry with the reconstitution of the board of the Social Security and National Insurance Trust (SSNIT) ahead of the industry’s regulator, the National Pensions Regulatory Authority (NPRA), Kojo Addae-Mensah, Managing Director ... — Read More

Insurance industry takes education to tertiary institutions

The Insurance Awareness Coordinators Group (IACG), has held a stakeholder forum at the University of Ghana campus, as part of efforts to underscore the importance of insurance to the socio-economic development of the country.Under theme: “Insurance for inclusive national development”, the ... — Read More

WAICA AGM Set for Gambia

The West Africa Insurance Companies Association (WAICA) has confirmed the hosting of the 2017 Annual General Meeting (AGM) in Banjul, The Gambia, from April 23 to 25.This year’s AGM will held under the theme, “Regional Integration Through Uniform Compliance”.About 200 delegates ... — Read More

Wilson Tei appointed Chairman of IACG

Wilson Tei, a seasoned Life Insurance practitioner has been appointed Chairman of the Insurance Awareness Coordinators Group (IACG).IACG is an intra-industry body formed in May 2015 to undertake a nationwide educational campaign to sensitize Ghanaians on the importance of insurance to ... — Read More

Stronger insurance regulation needed--Dep. Finance Minister

The Deputy Finance Minister, Abena Osei Asare, has said that “proper and effective regulatory framework” is needed to deepen insurance penetration in the country.“Investors hesitate because they believe that it’s not been backed by proper legal framework. People don’t do insurance ... — Read More

Insurance penetration too weak- Dr. Duffour

Former Finance Minister, Dr. Kwabena Duffour, has described as regrettable, the low penetration rate of insurance in Ghana, at a time when the issue of financial inclusion is being heralded across the globe. “I sincerely believe that banking and insurance form ... — Read More

Compulsory Fire Insurance Task Force storms Greater Accra

The National Task Force instituted by the National Insurance Commission (NIC) to enforce the compulsory insurance of commercial buildings for both completed and under construction, has visited some selected buildings in Greater Accra to ensure that owners take insurance policies to ... — Read More

Hollard signs MoU with ATU

Hollard Ghana, a subsidiary of Hollard South Africa, has signed a Memorandum of Understanding (MoU) with the Africa Technical University (ATU) in Accra.Under the terms of the MOU, Hollard Ghana, a leading general insurer will partner ATU to explore areas of ... — Read More

Ghana Re tipped for African market

African risk managers that participated in the 11th Ghana Reinsurance Company’s international seminar has expressed confidence in the company to reinsure all African businesses.The participants have described Ghana Re as a “pride” and “assets” to the continent’s insurance and reinsurance industry.They ... — Read More

Insurers incur GH¢765m underwriting loss

Insurance companies in the country, Life and Non-life incurred underwriting loss of GH¢765 million between 2013 and 2015.This was contained in the latest National Insurance Commissions report. A breakdown of the loss showed that the life portfolio incurred a total underwriting ... — Read More

NIC approves 94 insurance products in 3 years

A total 94 innovative life and non-life products were approved by the National Insurance Commission (NIC) in three years --2013 to 2015.A breakdown of products shows that more life products came for approval than non-life during the period under review.Going by ... — Read More

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