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

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

1.2bn NHIS debt crippling pharmaceutical industry

Local pharmaceutical manufacturers have expressed worry over outstanding debts owed drug suppliers by the National Health Insurance Scheme (NHIS), saying the situation is hampering business operations.Speaking in an exclusive interview with the B&FT, the Managing Director of Dannex Limited, Yaw Opare-Asamoah, ... — Read More

Micro-insurance rides on large informal economy

Given the largely informal nature of the economy and its accompanying low incomes, insurance sector operators are hopeful the micro-insurance sub-sector, which caters to low income earners, will help deepen insurance penetration.Although the value of the sub-sector was projected to be ... — Read More

Skills-gap hinders insurance prospect

The lack of skilled human resource for the insurance industry could hurt its bright prospects, Emmanuel Mokobi Aryee, Chief Executive Officer of Prudential Life Insurance Ghana Limited has said.  Measured as a percentage of Gross Domestic Product (GDP), insurance penetration remains ... — Read More

GLICO recognised for contributing to the development

GLICO has been awarded for “making traditional life insurance products accepted in Ghana’s market at a time when life insurance was neither understood nor demanded.”The awards organised by the Business Executive Magazine dubbed, “Ghana Development Awards 2016”, was held to recognise ... — Read More

Activa appoints new CEO

The board of Activa International Insurance has appointed Mr. Solomon Lartey as its new Managing Director & Chief Executive Officer. Mr. Lartey who has served the company in Executive Management Position for the past eight (8) years takes over from Mr. ... — Read More

Wapic Insurance gives back

Education, they say, is the key to success. It is in view of this and as part of efforts to alleviate obstacles less privileged children in the society face, Wapic Insurance Ghana Limited has extended its support to the Future First ... — Read More

Private pension funds hit GH¢4.7bn

Ghana's private pension funds made up of Asset Under Management and the Temporary Pension Fund Account rose to GH¢4.7 billion as at close of 2015, representing 3.3 percent of the country’s GDP, data from the National Pensions Regulatory Authority (NPRA) has ... — Read More

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