Chief Executive Officer of NBC Ghana Trust, Mr. William Asiedu Yeboah, has urged workers - especially those in the informal sector - to retire right by investing in pension schemes to enable them enjoy their retirement life.
Speaking on a wide array of issues about pensions and retirement, Mr. Yeboah...
With increasingly more corporate organisations becoming targets for cybercriminals, Nobuhle Nkosi, Head of Financial Lines Africa, Allianz Global Corporate & Specialty (AGCS), has said businesses would be better off transferring the risk associated to cybercrime to insurers.
According to her by 2020, the number of cybercrimes recorded globally would hit...
Twelve public sector unions, which have come together to form the Forum for Public Sector Registered Pension Schemes, have given government a two-week ultimatum to address their concerns on low pension amounts paid by the Social Security and National Insurance Trust (SSNIT), or they will lay down their tools.
According...
GLICO Life Insurance Company Limited (GLICO LIFE) has offered free Hospitalisation Benefit to all its existing and prospective policyholders with effect from 10th April to 31st July 2020.
GLICO Life appreciates the hardship that the COVID-19 pandemic could have on its policyholders and has therefore offered the free Hospitalization Benefit...
The Ghana Insurers Association (GIA), the umbrella Trade Association for all Insurance Companies doing business in the country, held its first National General Insurance Conference at the Labadi Beach Hotel in Accra recently.
The Conference was on the theme ‘Transforming the General Insurance Industry in Ghana through Self-Regulation, Financial Capacity...
Introduction
It must be acknowledged that the ingenuity of Finance Managers, (i.e. Chief Finance Officers (CFOs) considered as the ‘front liners’ in this battle, could be the springboard for building resilience in the insurance sector during and beyond this pandemic.
In a May 2020 publication by McKinsey & Co, the article,...
The Chartered Insurance Institute of Ghana (CIIG) has held its first webinar on insurance-business continuity and professional development to help members answer insurance industry-related questions surrounding COVID-19.
The webinar, themed ‘The Impact of COVID-19 on the Insurance Industry of Ghana; Products, Productivity & Profitability’, presented an opportunity for organisations to...
Hollard Insurance has launched the first virtual insurance chatbot in Ghana, with the goal of making insurance more accessible to Ghanaians via popular messaging channels such as WhatsApp.
The innovative product, called Hollard ChatInsure, is currently hosted on WhatsApp by an Artificial Intelligence (AI) chatbot called ‘Araba Hollard’. Araba is...
The Vice President-Insurance Brokers Association of Ghana, Shaibu Ali, has indicated that the coronavirus pandemic has crippled the insurance brokerage industry - hitting the labour sector hardest in terms of job losses as a result of the absence of a contingency plan.
According to him, the outbreak of COVID-19 has...
The National Insurance Commission (NIC) in June last year announced new minimum capital requirements for players in the insurance space, as part of a broader plan to increase the sector’s financial stability and capacity to handle bigger risks or big ticket transactions.
The commission wants insurance companies to increase their...