Home / Insurance (page 10)

Insurance

Insurers association launches insurance clubs in schools

The Ghana Insurers Association (GIA), has launched the first insurance literacy club at the Kanda Cluster of Schools, in Accra,  to engender pupils’ interest in insurance security. The new initiative was introduced by the Insurers Association ,in collaboration with the Sub-Metro Directorate of the Ghana Education Service (GES), to inculcate …

Read More »

Pensioners threaten to drag SSNIT to court

The Pensioners Association of the Council for Scientific and Industrial Research (CSIR) is threatening to drag the Social Security and National Insurance Trust (SSNIT) to court over unpaid single spine pension salary and the arrears. It has given the Trust up to the end of this month to meet its …

Read More »

Tigo Insurance pays 10,000th claimant

Tigo Insurance has reached yet another milestone, paying out its 10,000th claim to bring the total claims paid to policy holders to GHȼ 6.2 million since its introduction in 2010. The 10,000th claimant is 21-year-old Foster Quist Sarfo, a student of the Central University College. Tigo said in a statement, …

Read More »

One million fishermen to benefit from insurance policy

More than one million fishermen would benefit from the insurance policy instituted by the Government to safeguard the safety of their canoes, outboard motors, nets and other fishing inputs. Madam Sherry Ayittey, the Minister of Fisheries and Aquaculture Development, made this known at a meeting with some fishmongers drawn from …

Read More »

SSNIT authorities unhappy with defaulters

The Social Security and National Insurance Trust (SSNIT), says out of the 4,406 registered employers operating in Takoradi, only 1,639 representing 37 per cent made contributions on behalf of 27, 979 employees. Dr Prosper Ayisah, Western and Central Manager of SSNIT He said, statistics as in April this year, gave …

Read More »

Ghanaians urged to patronise life insurance products

Mrs Lydia Lariba Bawa, the Commissioner of Insurance, has urged Ghanaians to adopt and patronise micro-insurance products, particularly Life Insurance, as a way of life. She said in recent times individuals had used life insurance as a way to either kick-start business ventures or even boost already existing ones as …

Read More »

Ghana Medical Association expresses concern about collapsing of health insurance

The National Executive Council (NEC) of the Ghana Medical Association (GMA), has expressed concern about the collapse of the National Health Insurance Scheme (NHIS). Speaking at a news conference in Bolgatanga, after the end of the third NEC Meeting of the GMA for the year 2016, the President of the Association, …

Read More »

PPP pledges to streamline health insurance

A government of the Progressive People’s Party (PPP) would streamline the National Health Insurance Scheme (NHIS) to make it run efficiently. Mr. Lawrence Appiah, the Ashanti Regional Chairman, said the list of diseases covered by the insurance would also be expanded to make the scheme beneficial to large section of …

Read More »

Fitch sees rising risks as Chinese insurers invest overseas

Credit rating agency, Fitch says rapid growth in overseas investment by Chinese insurance companies could lead to rising risks in a number of areas, including asset-liability duration, currency mismatches, asset concentration risks and execution risks from mergers and acquisitions. Chinese insurance companies are said to have ramped up their overseas …

Read More »

Insurance contribution to GDP still unimpressive – Commissioner

The Commissioner of Insurance Ms Lydia Lariba Bawa, says the contribution of insurance to Ghana’s gross domestic product (GDP) is still a little above one per cent, while the rates are higher in other African Countries. She explained that Kenya and Mauritius, for instance, contributed 3.1 per cent and 3.7 …

Read More »