The insurance regulator in Ghana is revamping the method for calculating the insurance penetration rate calculation, by adding data for branches such as health insurance and pension insurance to the computations.
A project to strengthen the financial resilience of flood-prone communities in Ghana has delivered two parametric insurance products -- an Excess Rainfall Cover and a Flood Footprint Product.
Ghana's National Insurance Commission (NIC) has granted its approval to the first cohort of five InsurTechs to enter the regulatory sandbox to test innovative insurance solutions in a controlled environment.
The Insurance Brokers Association of Ghana (IBAG) has voiced concerns over the growing trend of non-insurance institutions, particularly financial entities, selling insurance products to consumers.
Insurance clinics have been launched for market traders and artisans and other informa-sector workers in the Greater Accra Metropolitan Area (GAMA) to promote insurance inclusion and penetration.
The National Insurance Commission (NIC) plans to implement a risk-based capital framework for life insurance companies, according to Mr Kofi Andoh, acting commissioner at the NIC.
Ghana has been unable to upscale the newly set-up Agricultural Insurance Fund even though the pool started well, according to Mr Kofi Andoh, the acting Commissioner of Insurance.
Howden, a global insurance intermediary group, has announced the placement of the first Carbon Credits Warranty and Indemnity (W&I) insurance policy.
Insurance companies should refrain from premium undercutting to ensure sustainable operations, the acting Commissioner of Insurance, Mr Michael K Andoh, has said.
Actuaries in Africa are eschewing the use of old mortality tables from other countries in favour of creating their own applicable ones, according to an article in the May 2024 edition of The Actuary, a publication of the London-headquartered Institute and Faculty of Actuaries (IFOA).