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....
Commissioner of Insurance, Dr. Justice Ofori, has called on motor insurance companies in the country to collaborate with the Ghana National Bureau to facilitate the speedy processing and settlement of claims under the ECOWAS Brown Card Insurance Scheme by motorists.
The call by the Commissioner of Insurance is in recognition...
In order for the Ghanaian insurance market to flourish and increase the country’s insurance penetration, uninsured rural areas and the urban poor need to be brought under the ambit of insurance coverage, said Rita Korley, Strategy, Digital and Data Executive at Old Mutual Ghana.
Her comments follow current reports indicating...
As part of their efforts to increase financial education and literacy, Old Mutual Ghana, in partnership with the Police Counseling Unit (PCU) of the Ghana Police Service and the Ghana Psychological Association (GPA), organised a three-day workshop for police officers nearing retirement.
The purpose of the workshop was to...
The insurance regulatory regime in Ghana has seen significant changes primarily aimed at improving penetration, encouraging best practice, promoting ethical culture and boosting public confidence. These improvements have been made possible due to the revision in the legal framework by the National Insurance Commission, in consultation with industry players.
Quite...
Insurance and commerce partners, Hollard Ghana and Melcom, have announced the extension of the ‘Shop and Insure’ collaboration beyond the current in-store Hollard on-the-go booths in selected Melcom stores, to e-commerce on www.melcom.com. This move will enable more Ghanaians to conveniently use digital means to access financial security on...
Outdoors ‘Yaa Chat Box’
Metropolitan Life Insurance has launched its new life insurance product called the Family Financial Wellness Plan which is designed to provide income for the immediate family of the deceased, or in the event of critical illness, permanent or temporary disability of the policy holder.
Acting CEO...
Quality Insurance Company has announced a strong financial result despite the extremely competitive and dynamic business environment at its 25th Annual General Meeting held in Accra last week.
Mr. Jacob Kwame Kholi, Chairman of the Board of Directors of Quality Insurance, said the company also set new records - which...
Some Ghanaian celebrities drawn from the worlds of the arts, entertainment, sports and social media producers have called on the Commissioner of Insurance, Dr. Justice Ofori, to let insurance companies design products that will help protect their professions.
They made this call when the insurance regular organised a workshop on...
The astronomical rise of inflation in recent times is negatively impacting the cost of private health insurance in the country, CEO of Acacia Health Insurance Dr. Dan Armooh has said.
Consumer inflation rapidly hiked to 23.6 percent in April, the highest since 2004, from 19.4 percent in March this year,
He...