The National Insurance Commission (NIC) has expressed its commitment to develop and provide tailor-made insurance products for trader groups operating in the country.
According to the Commissioner of Insurance, Dr. Justice Ofori, he believes the move is necessary to help safeguard the lives, property and businesses of these groups which...
Dr. Justice Ofori, the Commissioner of Insurance-National Insurance Commission (NIC), has disclosed that the Motor Insurance Database (MID) that was introduced in January 2020 has recorded 3,005,283 vehicles so far on the portal. The portal is the repository of validly insured vehicles in the country.
He made this disclosure when...
Ghana has secured US$450 million African Trade Insurance Agency (ATI)-backed insurance cover for projects and trade-related transactions in various sectors as at the end of May 2022.
With an insured portfolio of trade and investments across Africa valued at US$6.6billion in 2021, ATI - a multilateral insurer - continues to...
With only a few days to the deadline for recapitalisation within the insurance industry, foreign-owned companies are now evidently poised to dominate the market.
The deadline, originally set for June 30, 2021, was first extended to January 2022 and for an additional six months to June 202, due to effects...
In a move to deepen Insurance Awareness in Ghana, the Ghana Insurance Association has forged a collaboration with Graphic Business on strategies to deepen Insurance acceptance by the country’s population. The two institutions have agreed to support recent moves by the National Insurance Commission (NIC) to ensure that Compulsory...
The Month of June is largely referred to as ‘Environmental Awareness Month’, since World Environment Day is observed on a day in the month June every year as established by the United Nations Conference on Human Environment in Sweden’s capital Stockholm in 1972.
Events at this conference, notably the Stockholm...
The Executive Chairman of Nationwide Medical Insurance (NMI), Nana Awuah-Darko Ampem II, has urged employees to consider the healthcare needs of individuals and families and provide them with affordable health insurance policies.
According to him, this will enable NMI to achieve its vision of becoming the dominant financier of healthcare...
“It’s hardly controversial to say that most people view their insurance providers with ambivalence. The overriding perception of insurance companies is that they’re needed, but not liked, relied on, but not trusted – James Eardley.”
The National Insurance Commission (NIC) was established under Insurance Law 1989 (PNDC Law 227), and...
Loyalty Insurance Company Limited has successfully rounded up its 5th Anniversary Celebrations with a Thanksgiving Service at the Transformation Power Chapel off the Spintex Road in Accra.
The church service was held under the theme ‘Thank You Lord for Your Grace’, and was attended by over 50 company staff-members who...
It has been revealed that a person's level of knowledge about insurance plays a critical role in a consumer's decision to purchase an insurance policy. Since insurance products tend to be more complex than usual financial products, a person's level of knowledge about the product cannot be effortlessly understated....
