Saturday, September 24, 2022
COMPANY HISTORY SIC Life Insurance LTD originally existed as the Life Division of the reputable multi-line insurer, SIC Insurance Company. In conformity with the provision of the Insurance Act 2006, Act 724, the Company was established as a fully licensed Life Insurance Company in 2007. On 10th March, 2022,...
Veteran Actor David Dontoh, who was part of advocates selected to lead the campaign on annuities, has urged people in the creative industry to take advantage of this product to save for a ‘rainy day’ as he believes they would serve as financial management tool for those in the...
16 years after the concept of composite insurance companies was replaced with separate life and non-life insurers, the industry has come to recognise life insurance as having the bigger growth and profitability prospects of the two. However, to fulfil those prospects the industry must continue its retreat from universal...
Imperial General Assurance has been adjudged the Promising Insurance Company of the year at the 2022 Ghana Insurance Awards. The annual ceremony which seeks to celebrate achievements and standards in the insurance industry honoured Imperial General Assurance and other players for their top-class performance, professionalism, and innovation across the Ghanaian...
… Not repair and replace models Accidents do happen and insurers are in the business to pay claims when insured events happen. Insureds expect their insurers to make good on that promise stated in the insurance contract. This has led to a ‘repair and replace’ mentality between the two parties....
as Enterprise Insurance, Starlife pick top gongs at 5th Insurance Awards Some 500,000 Ghanaians are registered with private health insurance in the country, but the National Health Insurance Authority CEO, Dr. Bernard Okoe-Boye, believes there’s more room for the sector’s improvement. “About half a million Ghanaians are registered with private...
Serene Insurance, a member of the First Sky Group, has been adjudged the ‘Fastest Growing Insurance Company’ at the 5th Ghana Insurance Awards (GIA) held on Friday, August 26, 2022 in Accra. The ceremony saw the largest gathering of insurance industry players at the Kempinski Hotel Gold Coast City, to...
Insurance is a lot like the Force in Star Wars. It’s part of everything but it’s invisible, and those who know most about it are from other generations. Insurance protects us from the everyday risks of life. Insurance provides the safety net in nearly every industry. Just like innovative...
President of the Chartered Insurance Institute of Ghana (CIIG), Tawiah Ben-Ahmed, has urged the yet-to-be-inducted Fellows and Associates of the CIIG to strongly uphold the ethics of the insurance profession. Speaking at the 3rd Induction Seminar of the Institute, Mr. Ben-Ahmed quipped the success of the insurance profession and the industry...
Analysts in the pensions industry are recommending guidelines from the regulator to check the rate of withdrawals from Tier 3 pensions. Tier 3 pensions are an optional contributory scheme with monthly contributions of up to 16.5 percent of an employee's basic salary and includes informal sector workers. Tier 3 is...
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