An Insurance broker, Abraham Ali, has called for the introduction of Business Interruption Insurance (BII) policy in Ghana to serve as a measure to safeguard businesses in the event of unforeseen situations such as the outbreak of the COVID-19 pandemic. “The inability of many businesses or corporate entities to survive...
The Ghanaian insurance industry, like other arms of the financial services sector, is a bit of an enigma. It has been in existence, in some form, from the pre-colonial era, “when insurance business was transacted through foreign trading companies who acted as chief agents of insurance companies in the...
The health insurance sector in Ghana over the years has seen exponential growth. At the height of that is a desire to bring quality and affordable healthcare support to persons who sign on and subscribe to these organisations. Enter Equity Health Insurance Years ago, the dream was birthed courtesy the visionary...
It is said that the only constant is change or better put, the only certainty is uncertainty and at Axis Pension Trust, it is our pledge and duty to prepare our clients for the certainty of retirement and all the uncertainties associated with it. The year 2020 was one like...
Star Assurance Group Limited (SAGL), a wholly Ghanaian-owned private company, has positioned itself to transform Ghana’s competitive insurance sector. This follows the recent consolidation of its holdings in three leading insurance companies into a mega-group. The three companies are Star Assurance Company Limited, StarLife Assurance Company Limited, and Star Microinsurance Company...
Ray Ankrah, Chairman, National Insurance Commission (NIC) board of directors, has re-echoed the importance of exhibiting professionalism in the insurance industry of Ghana. “We all know about the image problem that the insurance industry suffers in Ghana. This is primarily because of the manner we have treated and continue to...
The Chartered Insurance Institute of Ghana (CIIG) has assembled a youthful team to run the affairs of the Institute for the next two years. They were sworn in last week Friday at the Marriott Hotel in Accra. The Executives include; Tawiah Ben-Ahmed – President, Dr. Geraldine Abaidoo – Vice President,...
As many as 7.7 million people, representing 70 percent of the country’s over 11 million active labour force, are non-active pension contributors - a situation that many believe could erode efforts to end poverty, especially among the aged. The situation is even more dire in the informal sector, where coverage...
Wapic Insurance Ghana Limited has issued a notice of change of name to Coronation Insurance Ghana Ltd subsequent to all Board, Shareholders and Regulatory approvals. By this action, the Company, with the adoption of Coronation Insurance, aims to reinforce its strategic partnerships, values and business philosophy, as well as provide...
In COVID-19 times such as these, it is prudent for parents and guardians to strongly consider education and life insurance policies to secure the long term educational future of their wards and children. With the President, Nana Addo Dankwa Akufo-Addo giving the green to reopen schools, parents and guardians, especially...