Mr. Kwaku Yeboah-Asuamah, Chief Executive Officer of UT Life Insurance Company Limited, has adviSeD Insurance Agents not to sell insurance to policy holders without explaining into detail the contents.
“Insurance agents do mis-selling; they do not take their time to explain policy-wording to the policy holders, and customers also do...
National Insurance Commission (NIC), has issued a word of advice to drivers to desist from doing business with unlicensed insurance agents who sell insurance premiums to them on the market.
Mrs Emma Ocran, Director of Legal Service, NIC speaking at a public education forum for drivers at cape coast in...
The Commissioner of Insurance of the National Insurance Commission, Mr. Justice Yaw Ofori, and Board Chairman of the Commission Mr. Emmanuel Ray Ankrah recently paid a working visit to the Insurance Regulatory Authority (IRA) in Nairobi, Kenya.
The visit was to gain understanding of the administration and management of IRA’s...
The Ghana Oil and Gas Insurance Pool (GOGIP) has started a three-day energy insurance training programme today, under the theme ‘Reliable Upstream & Offshore Energy Insurance Training’, at the Golden Tulip Hotel, Accra. 50 delegates made up of insurance and reinsurance companies, insurance brokers, independent oil companies and regulatory...
Chief Executive Officer of Donewell Insurance Company Limited, Seth Aklasi, has stated that the company has exceeded the National Insurance Commission's minimum capital requirement of GHS 15 million.
According to him, the company has so far made GHS 23 million. He said Donewell is fully capitalized and has a clear...
Insurance companies are considered to be laggards in the adoption of digital technologies when compared to other players in the financial services industry especially the banks. Based on this context, The Chartered Insurance Institute of Ghana (CIIG) recently organised its first public lecture on the theme “How Digital Insurance...
The National Pensions Regulatory Authority (NPRA) has said the grace period given employers to act in accordance with the new pension scheme is over, and that it will begin to scrutinise and sanction all non-complying employers.
The pensions regulator noted that seven years after the three-tier pension scheme’s coming into...
The National Health Insurance Authority (NHIA) expects to receive a total amount of GH₵2.3bn in 2018 to be able to execute its mandate for the year, a Parliamentary report on the Proposed Formula for the Disbursement of the NHIF for Year 2018 has revealed.
According to the ‘Committee report of...
Government has cleared the greater part of GH¢1.2billion owed the National Health Insurance Scheme (NHIS) - leaving an outstanding GH¢181million that will be cleared before end of the year, Deputy-Health Minister Kingsley Aboakye Gyedu has disclosed.
The debt inherited by the NPP government affected drugs supply and other logistics needed...
The Reinsurance sector in the country remains untapped, with a lot of room for growth in the provision of reinsurance capacity in the areas of oil and gas, marine, aviation and specialist liability risk.
Mr. Justice Yaw Ofori, Commissioner of the National Insurance Commission (NIC) who disclosed this at the...