Bancassurance is now a key product or distribution line in the insurance sector in recent times. Bancassurance commonly means selling insurance products under the roof of a bank. Though bancassurance had its roots in France in the 1980s and spread across different parts of Continental Europe, it has spread...
16 years after the concept of composite insurance companies was replaced with separate life and non-life insurers, the industry has come to recognise life insurance as having the bigger growth and profitability prospects of the two. However, to fulfil those prospects the industry must continue its retreat from universal...
Star Assurance has launched a re-packaged product, HomeOwners Xtra, that has a range of benefits under one plan including a free life insurance cover.
Set to satisfy homeowners and tenants who have been yearning for an all-embracing insurance cover, the significantly enhanced product is designed to offer separate cover for...
Entrepreneurship is often associated with individualism, risk-taking, and innovation in today's fast-paced world.
While these traits are undoubtedly essential for any successful venture, the critical role of the community in fostering entrepreneurial success must be considered.
In reflecting on the recent MIG Business Forum and the exciting initiatives discussed,...
The 16th Annual General Meeting (AGM) of Ghana’s largest indigenous general insurance company, SIC Insurance Plc, has taken place in Accra.
Chairman-Board of Directors, Dr. Ben Jimmy Heymann, said the company no doubt showed great resilience amid the various challenges that characterised the operating environment in 2022.
He further added that...
The KEK Insurance Brokers performed better than a number of brokers in the financial year 2019.
According to the regulator’s report, KEK’s brokerage income increased from GH¢23.21million in 2018 to GH¢25.64million in 2019, representing a 0.24% increase.
The trend for top-ten companies in Ghana’s insurance broking market changed as at year-end...
Quality Insurance Company’s Go Girl policy, which seeks to empower women, has won the Best Product of the Year 2019 award at the maiden Chartered Insurance Institute of Ghana (CIIG) awards.
The Go Girl policy, which was born of QIC's flagship policy Kingly Queenly Comprehensive Motor Insurance, encourages women to...
Enterprise Life Assurance Company (Nigeria) Limited, a few months after receiving its operating licence from the National Insurance Commission (NAICOM), has opened its doors to the general public. It will be recalled that in November 2020 the company, which is a subsidiary of Enterprise Group PLC with headquarters in...
Ghana Life Insurance Company Limited has put out a robust recapitalisation plan that will uplift the company in the years to come.
The shareholders of Ghana Life Insurance Company Limited have injected new capital into the company to improve its financial position.
The injection of US$2.25million into the company brings the...
Axis Pensions Trust has begun processes to ensure it full operations within the informal sector, General Manager for Axis Pension Trust, Paa Kofi Ankomah has said.
In an interview at an open forum held by Axis Pensions Trust, the General Manager said: “We have a strategy to go into the...