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...
Ghana Insurers Association (GIA), the umbrella trade body for all licenced insurance companies operating in the country, has joined global insurers to celebrate International Insurance Awareness Day, which kicked-off on Monday, June 28, 2021.
Ghana Insurers are celebrating this year-long awareness day under the theme ‘The Carnage and Indiscipline on...
as it celebrates 177 years of unique impact
As Old Mutual, the pan-African investment, savings, insurance, and banking group, celebrates its 177th anniversary globally, and 10 years in Ghana, the company has assured of its commitment to continue to drive diversity and inclusion as well as innovate around products...
The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pensions Regulatory Authority (NPRA) and in accordance with Section 80 of the National Pensions Act 2008 (Act 766), has indexed monthly pensions upwards by 10% for the year 2021.
A statement issued by the Trust explained...
The Chief Executive Officer of Allianz Life, Mr. Gideon Ataraire was adjudged the 2021 CEO of the Year; Insurance Category at the just ended 2021 edition of the Corporate Ghana Awards.
The event was held at the Movenpick Ambassador Hotel in Accra.
The CEO of the Year Award sought to highlight...
Mr. James Anti, Chief Executive Officer of Midas Insurance Brokers, has tasked licenced insurance brokers in the country with an urgent need to expand their role beyond facilitators of risk transfer to helping their clients keep pace with social, technological, environmental, economic and political development in order to ensure...
Regulator cries it has no power to prosecute defaulters
Most private sector employers are yet to comply with provisions of the Tier-2 pension scheme, which mandates companies to contribute 5 percent into a privately managed pension scheme.
Out of 51,466 private establishments/companies active under the Social Security and National...
Hollard Ghana, with subsidiaries Hollard Insurance and Hollard Life Assurance, has announced season-two of its popular webinar series H. Insured: All About Insurance is to start on Thursday, May 20 via zoom at 4 pm.
The webinar forms part of the insurance group’s ongoing initiative to drive insurance penetration and...
Republic Bank (Ghana) PLC, one of the leading universal banks and a pioneer in the mortgage business in Ghana, has signed a Memorandum of Understanding (MoU) with Petra Trust Limited Company, a corporate trustee authorised by the National Pensions Regulatory Authority (NPRA) to manage pension schemes in Ghana.
The MoU...
The insurance industry intends to start publishing claims paid to clients, on an annual basis, in a bid to change the perception among members of the public that the industry loathes claims payments.
“We are thinking, actually, of the insurance industry publishing the quantum of claims paid in a...