- biggest insurance names honoured at 4th Ghana Insurance Awards
Most exports leaving the shores of the country do not have insurance cover, a situation which could impede the penetration of local products into the Africa Continental Free Trade Agreement (AfCFTA) market, Anthony Nyame-Baafi, the Technical Advisor, Multilateral, Regional and Bilateral Trade at the Ministry of Trade and Industry, has noted.
To remedy the situation, he said the government was working with the Ghana Reinsurance Company and other insurance industry players to support producers that want to have their products insured.
“This is to help insure their goods against losses and breakages. So, the expectation is that they are going to collaborate to enable us to do that so that when you produce for export to any of the African countries, you are assured that all your risks are covered,” he noted.
Mr. Nyame-Baafi said this during the 4th Ghana Insurance Awards in Accra, themed: ‘Rewarding standards in the insurance industry’ and noted that while all imports come with insurance cover, not all exporting companies had insurance covers, which is a great concern to the government, especially with the operationalisation of AfCFTA.
He is of the firm view that insured exports will boosts foreign buyers’ confidence and stimulate demand for Ghana-made products and more importantly, contribute to making local manufacturers competitive.
4th Ghana Insurance Awards
Organised by Xodus Communication, the awards ceremony has, since its inception in 2018, rewarded excellence and standards in the industry. The awards ceremony saw 20 companies and eight individuals winning 36 awards in total. The winners are:
Indigenous Insurance Company of the Year (Private Health Category), Cosmopolitan Health Insurance Marketing Initiative Award (Private Health Category), NMH Nationwide Medical Insurance; Promising Insurance Company of the Year, Milife Insurance; Indigenous Insurance Company of the Year (Insurance Category), Starlife Assurance Company; and ICT Leadership Award (Private Health Category).
Cosmopolitan Health Insurance; Best Growing Company of the Year (Private Health Category), Apex Health Insurance Limited; ICT Leadership Award (Insurance Category), Star Assurance Company; Product Innovation Award (Private Health Category), Glico Health Care; Brand of the Year (Private Health Category), Acacia Health Insurance Limited; Personal Lines Insurer of the Year, Glico Life Insurance; and Commercial Lines Insurer of the Year, Hollard Insurance.
Marketing Initiative of the Year (Insurance Category), Old Mutual Life Assurance Ghana Limited; Claims Initiative of the Year, NSIA Insurance Company; The Major Loss Award, Enterprise Insurance; Bancassurance Leadership Award, Fidelity Bank Ghana; Mobile Insurance Leadership Award, BIMA (Milvik Ghana Limited); Product Innovation Award (Life Insurance Category), Prudential Life Insurance Ghana (Prucovered 19); and Product Innovation Award (General Insurance Category), Quality Insurance Company Limited (Go Girl Motto Comprehensive Insurance).
Emerging Brand of the Year (Insurance Category), Milife Insurance; Emerging Brand of the Year (Private Health Insurance Category), Apex Health Insurance Limited; Brand of the Year (Insurance Category), Hollard Ghana; Fastest Growing Company of the Year, Hollard Life Assurance; CSR Leadership Award, SIC Life Insurance Company; Best Growing Company of the Year (Insurance Category), Allianz Life Insurance Company of Ghana; Customer Care Award (Insurance Category), Prudential Life Insurance Ghana; Life Insurance Company of the Year Enterprise Life Insurance; General Insurance Company of the Year, Enterprise Insurance; and Private Health Insurance Company of the Year, NMH Nationwide Medical Insurance.
Agent of the Year, Sarah Adu-Gyan (Standard Chartered Bank); Unsung Hero Award (Private Health Category), Samuel Adi Boafo (NMH Nation Wide Medical Insurance); Unsung Hero Award (Insurance Category), Nana Serwaa Abrahams (Star Assurance Company Limited); Woman of Excellence Award, Gifty Ama Fiagbe (Saham Life Insurance); Young Achiever of the Year, Godwin Fafali Setsoafia-Tukpeyi (Apex Health Insurance Limited); CEO of the Year (Private Health Insurance Category), Dr. Dan Vincent Armooh, (Acacia Health Insurance Ltd); CEO of the Year (Life Insurance Category), Jacqueline Benyi (Enterprise Life Insurance Company); and CEO of the Year (General Insurance Category), Andrew Achampong-Kyei – Glico General Insurance.
