The National Health Insurance Authority (NHIA) has set aside GH₵25m to put up district offices across the country before end of the year. NHIA district offices are for the purpose of decentralising operations to enable easy access to the services rendered by the Authority, and for that matter health care,...
Old Mutual Life Assurance Company, a major player in the financial and insurance industry in Ghana has rewarded its best-performing broker with a luxury week-end trip to Cape Town South Africa for the Cape Town International Jazz festival. The event is an annual music festival held in Cape Town,...
All activities pursued by a company are inherently risky, although to varying degrees. Decisions made at present will show their full consequences only in the future and are affected not only by the behaviour of competitors, customers, suppliers or regulators, but also by the state of nature. Even the...
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...