For religious people like myself, a higher being is our dependable lifeline in any situation. However, my strong belief does not limit my faith in insurance as an essential lifeline. Permit me to tell you more from the perspective of a Christian working in insurance. Why is Insurance a LIFELINE?  Insurance...
I chanced upon an article online on January 24, 2023 from cedidollar.com and same repeated on myjoyonline.com captioned, ‘Private Health Insurance players unhappy with GAB activities’ - in which the report purports that there is simmering tension in the Private Health Insurance Industry over unfair business practice by a...
Universal Merchant Bank and SIC Life Limited last week launched two new life insurance solutions, namely the UMB Education Plan and UMB Funeral plan at a u ceremony in the bank’s boardroom in Accra. The solutions will be marketed to the public as UMB Bancassurance and underwritten by SIC Life....
Government and the Ghana Insurers Association (GIA) have agreed on the participation of insurance companies in the Domestic Debt Exchange Programme (DDEP). Insurance companies will, therefore, participate in the Exchange on similar terms as the Banks, per the agreement, the government and GIA said in a joint statement seen by...
The Chartered Insurance Institute of Ghana (CIIG), at its Annual General Meeting (AGM) and educational conference held at the Rock City, Kwahu Nkwatia in the Eastern Region of Ghana, elected new executives for a two-year term, commencing January 1, 2023. Mr. Solomon Lartey, Chief Executive Officer (CEO) of the Africa Sureties and...
The bankruptcy of crypto-currency exchange (FTX) is the latest example of a corporate collapse resulting from governance failure, AM Best has said. AM Best, international rating agency, stated that the series of events leading to the collapse of FTX should warn insurers. AM Best said they would take a favourable...
The role of life insurance companies in the development of any country cannot be overemphasised, as they offer services which benefit individuals, families and businesses in order to allow management of their finances for a better future. Despite the economic challenges in 2022, StarLife made a positive contribution to the...
Recently, I came across a quote by Brandon A. Trean that got me thinking. "It's how we embrace the uncertainty in our lives that leads to the great transformation of our souls."  Knowing that death is inevitable, how do we deal with life's uncertainty? How do you leave a legacy...
Players in the insurance sector last week gathered at the 2022 Chartered Insurance Institute of Ghana’s (CIIG) Educational Conference, to deliberate on the impact of the country’s rising inflation on insurance premiums and how the industry can sustain the value of their clients in the face of it. The annual...
An inception workshop on the InsuResilience Project in Ghana under the UNDP Inclusive Insurance and Risk Finance Facility (IRFF) was launched in Accra this week. The IRFF/IDF Ghana project seeks to develop a parametric flood insurance cover, enabling timely pay-outs of disaster relief funds and building the capacities of public...