Business
Federation of Kumasi Traders threaten to sue Kejetia management, Fire Service
The Chairman of the Federation of Kumasi Traders Association, Nana Prempeh, has threatened to sue the Ghana National Fire Service (GNFS) and the management of the Kejetia Market in Kumasi. According to him, the market has been operating without a fire certificate and insurance cover, which is a violation of the GNFS’s Legal Instrument (LI) […]
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Business
Could insurtech overtake traditional insurance?
…Are we ready? By Daniel Sarkodie DUAH Just a little more than five years ago, technology started to focus on changing the insurance industry. Even though insurance is super important for the world to grow and expand, it was slower to use new technology compared to other industries. This means that while other industries were […]
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Business
Star Assurance Group appoints new Chief Executive Officer
Star Assurance Group, the parent company of Star Assurance, StarLife Assurance, StarMicroinsurance, StarHealth Insurance and Pensol Capital Trust, has appointed Samuel Kweku Ocran as its Group Chief Executive Officer. He takes over the leadership role from Mr. Kofi Duffuor, the former Chief Executive Officer, who has served the Star Assurance Group and its subsidiaries for […]
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Companies
NIC and partners commit to inclusive insurance
The National Insurance Commission (NIC) says it is working with its partners to improve access to insurance products and services to promote financial inclusion and to make life better for many more Ghanaians. Since 2010, the NIC has been working to develop an inclusive insurance regime in Ghana, with technical and financial assistance from the […]
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News
Insurance brokers end 9th Annual Educational Conference with focus on customer service
Customer service practice and management in Ghana’s insurance space has become a major determinant of insurance coverage and penetration for economic development. It is the reason the Insurance Brokers Association of Ghana (IBAG) made it topical and the theme for its 9th Annual Educational Conference held in Bolga from March 19-23, 2024. The Conference which […]
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Features
Understanding insurance premiums
By Bernard AKYIN-ARKOH Have you ever pondered the following inquiries? What is an insurance premium? How is insurance premium calculated? What factors influence my insurance premium? How do insurance firms manage to cover insurance claims using the relatively small premiums gathered from policyholders? This article offers comprehensive insights into insurance premiums, addressing common questions and […]
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Columnist
Why should I buy a life insurance policy?
Have you ever asked yourself the following questions? What is life insurance? What are the various types of life insurance? Why do I need life insurance as an individual, family or a business owner? How do I buy a life insurance policy? This article will help you find answers to these questions and many more. […]
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Editors' picks
New GIA President plans sweeping changes in insurance activities
Key insurance industry indices in Ghana as reported by the latest research report by the National Insurance Commission’s ‘Public Perception and Confidence of Insurance in Ghana’ survey indicate a sharp improvement in awareness, appreciation and confidence among the general public. The latest NIC survey reports an average confidence index of 61.65% and an improved perception […]
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Insurance
Akyin-Arkoh outdoors new book, The Insurance Landscape
A comprehensive guide to general insurance book, titled The Insurance Landscape, which seeks to bridge the information asymmetry gap in the domestic insurance market while simplifying the intricacies of the industry, has been officially launched in Accra. The gripping page-turner contains 16 chapters and 230 pages and is authored by Bernard Akyin-Arkoh – a chartered insurance practitioner at Star […]
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Business
Donewell Insurance unveils ESI DONEWELL for effortless insurance purchase
In an innovative move, Ghana’s trusted insurance brand; Donewell Insurance Ltd has unveiled a new, fast and easy to use digital insurance distribution channel allowing customers to effortlessly purchase and renew motor insurance policies directly through WhatsApp. Named “ESI DONEWELL”, the WhatsApp Chatbot is a user friendly interface that will enable both agents and individuals […]
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