Hollard Life Assurance has partnered with pan-African fintech company Cassava Fintech and Vodafone to launch a micro-insurance product providing funeral and disability cover to the underserved.
The insurance product, called ‘MeBanbɔ’ – loosely translated to ‘My Protection’ – can be easily accessed via a mobile phone by dialling USSD code...
Data from the National Insurance Commission (NIC) has stated that insurance premiums generated through bancassurance in 2020 was GH¢271 million. This amount is a huge leap and almost double the amount recorded in 2016 which stood at around GH¢150 million.
The data further revealed that the percentage of life insurance...
Allianz Insurance, a subsidiary of global insurance giant Allianz Group, has announced a partnership with UBA Ghana to drive an innovative bancassurance strategy.
Through the partnership, over 20 branches of UBA spread across the country will offer customers personal insurance products which include Motor Insurance, Home Insurance and Travel Insurance,...
The Insurance Act, 2006, Act 724 section 80 and 81 mandates insurance companies to prepare and lodge their accounts and financial statement with the National Insurance Commission (NIC) every quarter and every financial year.
The risk absorption role of insurers promotes financial stability in the financial markets and provides a...
Leading corporate trustee Axis Pension Trust Ltd. and top life insurer Hollard Life Assurance have partnered to offer insurance-backed pensions featuring free life insurance cover to clients of the Trust. The add-on service is the first of its kind in Ghana, aimed at giving Ghanaians additional comfort while inspiring...
The National Insurance Commission (NIC) has inaugurated a new office in Cape Coast to serve the public and regulated entities in the Central Region.
“The setting up of the office in the Central Region is to facilitate engagement with policyholders on any insurance related matters,” Dr. Justice Yaw Ofori, Commissioner of...
The National Insurance Commission (NIC) has inaugurated a new office in Cape Coast to serve the public and regulated entities in the Central Region.
“The setting up of the office in the Central Region is to facilitate engagement with policyholders on any insurance related matters,” Dr. Justice Yaw Ofori, Commissioner of...
The contribution of the insurance industry to the Ghanaian economy cannot be overlooked although not noticed by many, whether in the financial space or not. The essence of insurance policy is to bring the insured to the state just before a loss occurred and this is usually appreciated by...
Dr. Justice Ofori, Commissioner of Insurance has emphasized that the National Insurance Commission (NIC) has a role in protecting policyholders and the insurance industry for development to thrive.
He said to ensure development, there is the need to increase the minimum capital for insurance companies across the country hence the...
The Northern Regional Office of the National Insurance Commission has intensified its compliance outreach in the region especially the enforcement of the third-party Compulsory Motor Insurance policy.
The exercise in collaboration with the officers of the Motor Traffic and Transport Directorate (MTTD) of the Ghana Police Service in Tamale is to...