By Vanessa ODURO, Premium Admin Officer, Hollard Life What is insurance? Insurance is a financial arrangement that enables you to manage your risks and offers a sense of security. By paying premiums to an insurance company, you gain financial protection against specific risks and losses in your life. Should the insured...
By Elliot WILLIAMS Pinnacle Life Insurance is the latest brand name in Ghana’s vibrant life insurance industry, having emerged out of the rebranding of Donewell Life Insurance, a company that has been an active industry participant, first as a division of the composite insurance offering Donewell Insurance from 1993 to...
By David Doe FIERGBOR Insurtech firms are crucial in expanding insurance coverage, particularly for underserved populations. Compared to traditional insurers, these agile firms leverage technology to reach customers who previously found insurance products inaccessible or overly complex. The emergence of Insurtech aligns with the concept of financial inclusion, which has been...
Coronation Insurance and the University of Energy and Natural Resources (UENR) have achieved a groundbreaking milestone in advancing technological innovation in Ghana with the launch of an AI Laboratory. The initiative which costs US$50,000 was generously sponsored by Coronation Insurance, UENR and Coral Reef, demonstrating their shared commitment to fostering...
In a landmark event signaling transformation and progress, Pinnacle Life Insurance Company Limited has officially unveiled its new identity, marking a significant chapter in its innovation journey, customer focus, and strategic renewal. The Board Chairman Mr. Michael Mbah Allan marked the rebranding of Donewell Life Insurance to Pinnacle Life Insurance...
By: Elliot Williams The first ever sub regional insurance journal, covering West Africa has been launched. The maiden edition of AM Journal was launched and circulated at the 2024 edition of the annual conference of the West Africa Insurance Companies Association (WAICA) which was hosted in Accra, Ghana last week. The...
By Samuel SAM The Northern Regional branch of the Pensioners Association has commended the Social Security and National Insurance Trust (SSNIT) management for its commitment to providing security, dignity and hope to retired pensioners in the country. Since the scheme began paying monthly pensions in the early nineties, pensioners have been...
Niyi Onifade, Sector Head of Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has called for the adoption of Artificial Intelligence (AI) to revolutionise insurance in West Africa. He delivered the keynote address and theme paper at the West African Insurance Companies Association Conference in Accra, Ghana, on November 18, 2024,...
By Bernard AKYIN-ARKOH Multiple vehicles accidents often lead to widespread concerns about how insurance companies will address claims, especially regarding coverage for vehicle damages and personal injuries / death. Many people find it unclear whether insurers will fully honor claims, leaving those involved uncertain about receiving fair compensation. This article aims...
The National Insurance Commission (NIC), in collaboration with the Actuarial Society of Ghana (ASG), is set to unveil an assured life mortality table by the first quarter of 2025. This and other initiatives the Acting Commissioner of Insurance, Michael Kofi Andoh has revealed are crucial steps in improving the accuracy...