Data from the National Insurance Commission (NIC) has stated that insurance premiums generated through bancassurance in 2020 was GH¢271 million. This amount is a huge leap and almost double the amount recorded in 2016 which stood at around GH¢150 million.
The data further revealed that the percentage of life insurance...
Insurance group, Hollard Ghana, with subsidiaries, Hollard Insurance and Hollard Life Assurance has achieved continent-wide recognition by winning the top award in Africa for financial communications and two other Certificates of Excellence for employee communications and regional excellence at the prestigious 2021 Africa SABRE Awards.
The SABREs are the world’s...
About 150 Chief Executive Officers in the insurance industry, led by the Commissioner of Insurance Dr. Justice Yaw Ofori, have come together to launch a blood donation exercise.
The exercise is expected to be done annually and is to help stock the National Blood Service.
The donation follows an appeal by...
The Association of Insurance Companies of Cote d’Ivoire has drawn up a roadmap for the development of insurance industries under its new chairman, Mr. Mamadou Kone.
Kone became chairman on April 29, 2021 and will serve for a term of three years. He is also the Managing Director of Allianz...
The sustainability of the Private Health Insurance industry in Ghana is a conversation that needs to be had.
As the industry grows, it will need all stakeholders to come around the table to help shape it. Key amongst these should be government. Government is doing so much with with the...
Two key type of insurance policies - widely used in more developed financial services jurisdictions but up till now unused in Ghana - have been introduced to the country’s various genres of insurance industry operators, with the expectation that they will develop and offer the products to the banking...
Experts have charged insurance companies across Africa to increase their level of risk retention locally to grow and develop African insurance market profitably.
The experts, who spoke at the just concluded 48th African Insurance Organisation (AIO) conference in Nairobi, Kenya, stated that insurers on the continent must increase their capacity...
The Chartered Insurance Institute of Ghana (CIIG) has recognised MeBanbo, an innovative microinsurance product from Hollard Life Assurance, as the year's best product in the second edition of its awards held at the Labadi Beach Hotel. MeBanbo offers the most comprehensive and reasonably priced funeral and disability life insurance...
The Ghana Insurers Association (GIA), has cautioned that insurance firms are at risk of losing about 50 percent of their assets invested in government securities, banks, and fund managers if the domestic debt exchange programme of the government does not exempt the sector.
According to the GIA, whilst about 40...
…how do I make a claim under my motor/vehicle insurance policy?
This article will help you learn more about the motor insurance claims process and documents required by insurance companies in processing motor insurance claims.
Insurance is a contract between an insurance company and the insured, wherein the insured pays premium...