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).
A common insurance market in West Africa will lead to important prospects as well as bring about cost savings, among other benefits to the population, according to Mr Mamadi Dampha, deputy permanent secretary at the Ministry of Finance and Economic Affairs.
The National Insurance Commission (NIC) has reiterated that it is working to improve access to insurance products and services to promote financial inclusion.
The Ghana Private Road Transport Union (GPRTU) has appealed to the National Insurance Commission (NIC) to reconsider the 'No premium, no cover' insurance policy to enable some of its members to buy comprehensive motor insurance.
Approximately nine out of every 10 employed individuals polled in a survey lack life insurance coverage, according to the findings of the 2023 Old Mutual Financial Services Monitor.
Mr Seth Kobla Aklasi, who is chairman and CEO of Donewell Insurance, has said that during his new term as president of the Ghana Insurers Association (GIA), he intends to address key issues that the industry faces.
Macroeconomic developments continue to be the topmost risk for Ghana in 2024, as was the case in 2023, according to Allianz Commercial, which is Allianz Group's corporate insurer.