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.
IBAG President Shaibu Ali warned, at the 2024 Media Soiree in Accra, that such malpractices lead to negative experiences for clients and damage the reputation of the insurance industry, reported the news website The BFTonline.
Mr Ali stated that while these entities may find it easy to sell policies, significant issues often arise when claims are filed. He urged the media to play an active role in correcting misconceptions about insurance and to help combat misinformation that stems from the activities of non-insurance institutions selling insurance products.
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