IFC, Africa Re develop index products to increase access to finance for farmers

IFC, a member of the World Bank Group, and Africa Reinsurance Corporation has supported a two-day technical workshop on risk modelling and strategic decision-making for index insurance products.James Seward, Practice Manager for the World Bank Group’s Finance and Markets Global Practice, ... — Read More

SIC Insurance pays GHC1.6m dividend to government

SIC Insurance Company Limited has presented a cheque for GH?1,674,721.20 to Government as dividend for the year ending 2015. The amount represents 40% of total dividend payout to shareholders of the Company. The Chairman of the Board of SIC Insurance Company ... — Read More

‘Improve financial capacity of insurance companies’

The CEO of Petroleum Commission, Theophilus Ashwireng has emphasized the need to improve the financial capacity of insurance companies so they can “take bigger” portions of the business that comes up.According to him, the Commission have instituted adequate measures to enhance ... — Read More

African Reinsurance market hits $64 Billion

There are strong indications pointing to the growth of the Africa’s Reinsurance Market in the next five years. The latest reports from African Reinsurance pulse launched at the 21st African Reinsurance forum in Dakar Senegal have stated that the market is ... — Read More

Insurers put to test regional integration

The President of Sierra Leone, Dr. Ernest Bai Koroma has informed across section of Insurers that regional integration is being put to test.The President made this stunning revelation at the just ended West African Insurance Companies Association (WAICA) 2016 Educational Conference ... — Read More

Unique Life pays GH¢650,000 in claims

Unique Life Assurance Company Limited (U-Life Assurance) has paid GH¢650,000.00 as claims to its clients within the last month.A major beneficiary of the claim is the Ghana Mine Workers Union, which received claims to the tune of GH¢245,000.00. The amount which ... — Read More

Insurance policy rolled out for fisher folks

The United States Agency for International Development (USAID) and four other organisations have signed an agreement under an initiative to provide life micro-insurance for fisher folk within the fishing communities in the country.The agreement forms part of commitments to transform and ... — Read More

RegencyNEM Insurance unveiled

RegencyNEM Insurance Ghana Limited, born out of a merger between Regency Alliance Insurance and NEM Insurance Ghana Ltd., has been officially launched in Accra.With the merger, the two companies have joined strengths and resources to increase financial capacity, improve service delivery ... — Read More

Vanguard Assurance pays GHs 380,000 as claim

Vanguard Assurance has paid out Ghs 380,000 as motor claims to its broker Horizon Insurance Brokers for onward submission to their clients last week.Dr. Gideon Amenyedor, Executive Vice Chairman in a brief ceremony said the CIMG Hall of fame insurer has ... — Read More

Ghana RE donates to support institutions

Ghana’s foremost reinsurer, Ghana Reinsurance Company has presented Cheques totaling GHs 165,000 to seven selected institutions last week.The institutions are College of Health Sciences, Korle – Bu, Accra- GHs 30,000, Ghana National Trust Fund – GHs 22,500, University of Ghana Students ... — Read More

First Half Premium Earnings Improve

Ghana’s Life insurance Industry improved its premium income earnings in the first half of 2016Unaudited income figures available to B&FT indicated that 16 out of 23 life companies earned a total premium income of GH 394,160,038 by the close of June ... — Read More

Ghana to Host AIRDC Board Meeting

Ghana Insurance Industry has been granted the hosting rights for the next Board of Trustees meeting of the Association of Insurers and Reinsurers of Developing countries (AIRDC) in 2017.The hosting rights were announced at the close of the 20th edition of ... — Read More

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