Wednesday, October 20, 2021
Women's World Banking has announced People's Pension as one of two winners for its Third Annual Fintech Innovation Challenge. The challenge is part of the organization's Making Finance Work for Women Thought Leadership Series. Each year, the challenge provides a global stage for fintechs to present innovative solutions and...
SIC Insurance Company Limited has handed over Personal Protective Equipment (PPE) valued at GH¢50,000 to the COVID-19 Trust Fund to support government’s fight against the pandemic.  The PPEs included disposable nose masks, protective coveralls, goggles, gum-boots, hand sanitiser gel, rubbing alcohol, gloves and disposable surgical caps.  The company said the donation is...
Cyber is a relatively new, evolving risk. Insurers manage their exposures, in part, by setting coverage limits and excluding events they don’t want to insure. Increasing cybercrime incidents resulting in large losses – combined with some carriers retreating from writing the coverage – are driving cyber insurance premiums sharply higher. Once...
Wapic Insurance (Ghana) Limited, one of Ghana’s leading insurance companies, is offering a 25 percent discount on all new policies to health workers across Ghana. This is to help cushion financial hardships associated with the COVID-19 pandemic. The rebate to health workers covers their personal insurances, including Personal Accident and...
Mr. Kwaku Yeboah-Asuamah, Chief Executive Officer of UT Life Insurance Company Limited, has adviSeD Insurance Agents not to sell insurance to policy holders without explaining into detail the contents. “Insurance agents do mis-selling; they do not take their time to explain policy-wording to the policy holders, and customers also do...
A contract has been defined as a legally enforceable agreement. We have explained in our earlier write-ups the elements that make a contract be legally enforceable agreement. These we said include agreement (offer and acceptance), capacity (the competence of all parties), mutual assent, consideration, legal purpose, and the form...
Motor Insurance continued its dominance in the general insurance category of insurance business in the second quarter of 2021. It earned GH¢648,214,114 in the second quarter as against GH¢310,097,324 in the first quarter, representing a 52.2% increase. Motor insurance contributed GH¢648,214,114 out of the total gross premium income of GH¢1,260,935,087...
Hollard Insurance, a subsidiary of Hollard Ghana wins again, Commercial Line Insurer of the Year, 2021, at the Ghana Insurance Awards held at Kempinski Gold Coast Hotel. The annual event organised by Xodus Communications Limited sought to honour top-class performance, professionalism, and innovation across the Ghanaian Insurance industry, and to...
The National Insurance Commission (NIC) has presented 500 GoTa phones to the Motor Traffic & Transport Department (MTTD) of the Ghana Police Service for enforcement activities. These security devices are meant to detect vehicles with fake motor insurance policies plying our roads. Presenting the items to the police at an...
The Chief Executive Officer of Allianz Insurance, Darlington Munhuwani, has called on African innovators aiming to provide insurance services to focus more digital distribution on the continent to increase penetration and growth. “You are contributing to the development of insurtech solutions that will not only make a difference to the...
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