I once had to explain the concept of reinsurance to someone, and it made sense to explain it simply as when insurers take insurance. Reinsurance is basically insurance for insurance companies. It is a way of transferring part of the financial risk insurance companies assume in their line of...
In 2019, the National Insurance Commission (NIC) with funding from GIZ conducted a research into the perceptions members of the general public hold about insurance, as well as the level of insurance-awareness they have. The research was also to measure the Confidence Index of Insurance in Ghana.
The study revealed...
If you think risk management and insurance are expensive, then try crisis management. COVID-19 has given us a better platform to analyze them. “What if?” is the simple question responsible for igniting invention, ingenuity and even revolution throughout the history of business. “What if” most importantly prepares our mindset...
GLICO Pensions Trustee Company Limited, a leading corporate trustee in Ghana has been adjudged the Innovative Pension Company of the Year 2020 at the 6th Instinct Business Finance Innovation Awards (IBFIA) held in Accra. Additionally, the Chief Executive Officer of the company, Dr. Francis Sapara-Grant was awarded the Best...
Hollard Life Assurance, a subsidiary of Hollard Ghana, has supported the Kumasi Central Prison’s canteen project with bags of cement.
The presentation was done by Nashiru Iddrisu, Managing Director of Hollard Life, in the presence of Kwaku Gyapong Fosuhene, Branch Manager of Hollard Life Kumasi, and Hollard Life Kumasi Sales...
- The Coronation Insurance way
Losses or damages are incurred continuously by motorists, business owners, workers, property owners etc. These damages or losses should have a financial cover which will protect them from the cost of damage or loss incurred. The process of getting this financial cushion is known as...
Allianz Life Insurance and Societe Generale Bank have entered into a partnership that will enable the public to buy insurance policies from the bank’s vast branch network nationwide.
The launch of the partnership at the bank’s head office in Accra also saw the unveiling of two insurance products, Sound Eduflex...
Dr. Justice Ofori, Commissioner of Insurance, National Insurance Commission has declared that the Ghana Insurance College, the nation’s premier, training institution has proven through its dedication to insurance training and education, that it holds unique qualities for the pursuit of development.
The commissioner spoke at the sword cutting ceremony for...
The former Commissioner of the National Insurance Commission (NIC), Ms. Lydia Lariba Bawa, has reiterated the importance of periodic training and refresher courses for staff of insurance companies, to enable them better serve needs of the industry.
She stressed the need for continuous practical and hands-on training for staff development...
Allianz Insurance, a subsidiary of Allianz Group, has announced the completion of its GH¢50million recapitalisation process in compliance with the new minimum capital requirements set by the National Insurance Commission, which takes effect from 1st January 2022.
This move will strengthen the company’s liquidity position and reaffirm its commitment to...