Ghana Insurance College, the premier training institution for insurance practitioners in the country last weekend held its 13th and 14th graduation ceremony at the auditorium of the National Insurance Commission (NIC).
About 299 students qualified to be awarded certificates and diplomas in the 2019 and 2020 academic sessions. A break...
The Chief Executive Officer of Allianz Insurance, Darlington Munhuwani, has urged businesses to give more attention to cyber insurance as it would play a critical role in ensuring resilience with the advent of the new normal.
Mr. Munhuwani, in an interview with the B&FT, said buying cyber insurance amounts to...
Insurance broker, Olea M&G Insurance Brokers Limited, has launched a game-breaking digital platform that enables the public to buy insurance at the comfort of their homes and offices.
The platform, ‘mybestquote.com’, allows price aggregation and at the same time, a marketplace where prospective buyers of retail insurance lines could compare...
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...
…to engage industry experts, businesses and customers
Allianz Insurance, part of the global insurance giant Allianz Group, has launched ‘Insurance Matters’ - a thought leadership initiative that engages industry experts to discuss current and emerging trends and the impact they have on the country’s insurance industry.
The company will also engage...
The National Insurance Commission (NIC) and the Motor Transport and Traffic Department (MTTD) of the Ghana Police Service is set to begin an aggressive campaign to clamp down on vehicles with fake and invalid insurance policy stickers in the country, Deputy Commissioner of the NIC, Kofi Andoh, has said.
According...
The National Insurance Commission (NIC) says, it will continue to flash out individuals who fix fake motor insurance stickers on their vehicles until the act is stopped.
To safeguard the effectiveness of this, the NIC and Motor Transport and Traffic Directorate (MTTD) Unit of the Ghana Police Service has embarked...
Allianz Life Insurance Ghana has met and exceeded the minimum capital requirement of GH¢50 million for insurance companies operating in Ghana as announced by the National Insurance Commission in June 2019.
The new minimum capital requirement for life and non-life companies was increased from GH¢15 million to GH¢50 million and...
Provident Insurance Company Limited has supported the Country-Side Children’s Welfare Home through Feed Needy Foundation with stationaries, personal protective equipment (PPE) and an amount of GH¢5,000 at Awutu Bawjiase in the Central Region.
The donation was done as part of the company’s Corporate Social Responsibilities (CSR) programme.
According to Eric Agbozo,...
Does this sound like gambling to you? Read on. Essentially, insurance is a risk financing mechanism which replaces total loss with average loss. An individual’s loss becomes an average loss once such loss was transferred to a potentially homogenous pool of losses. In other words, one exchanges a 100-Dollar...