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Phoenix Insurance donates GH¢250,000 to University of Ghana Endowment Fund

Phoenix Insurance Company, a leading insurer in Ghana, has presented a cheque of GH¢100,000.00 as part payment of GH¢250,000.00 to the University of Ghana Endowment Fund as a component of its corporate social investment. The company presented the cheque of GH¢100,000.00 as the first tranche with an assurance to present …

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Natural disasters around the world in 2017 cost insurance companies $135b

The cost of natural disasters to the global insurance industry in 2017 has been put around $135 billion. The overall losses including uninsured losses amounted to $330 billion – which is said to be the second-highest figure ever recorded for natural disasters. “The only costlier year so far was 2011, …

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Gender Ministry re-launches registration of prison inmates under NHIS

Ms Otiko Afisah Djaba, Minister of Gender, Children and Social Protection, said the welfare of the vulnerable and destitute was the ultimate concern of the Ministry.     She said the Ministry would not relent in its commitment and efforts to empower and support the vulnerable in society and for that …

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NIC, NIA to build capacity of Insurance Agents

The National Insurance Commission (NIC) in collaboration with its partners have commenced a six-day training workshop for players in the insurance industry in Kumasi. The workshop, which is in partnership with the Programme for Sustainable Economic Development (PSED) of the German Development Co-operation (GIZ), is to boost the capacity of …

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SSNIT donates GH¢300,000 to Ghana Pensioners Association

The Social Security and National Insurance Trust (SSNIT) on Thursday donated an amount of GH¢300,000 to the Ghana Pensioners Association in Accra. The donation was to support the Association’s medical scheme, which supports members in paying their medical bills besides the contribution to the Associations Silver Jubilee celebration. Mr Edward …

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National Service insurance policy is now optional

The insurance policy for national service personnel has now been made optional for interested national service personnel who wish to sign onto the policy. A statement signed by Mr Ussif Mustapha, the Acting Executive Director of the National Service Scheme and copied to the Ghana News Agency, on Wednesday, said …

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Ghana’s Central Medical Stores yet to be insured – MOH

Dr Afisah Zakariah, the Acting Chief Director of the Ministry of Health, has admitted that the burnt Central Medical Stores (CMS) located at Tema was not insured at the time. She also said, the current CMS, which was housed in a rented facility has also not been insured and blamed …

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GIZ assists Ghana to develop insurance to mitigate climate risk

GIZ, a German Development Agency, in collaboration with the Munich Climate Insurance Initiative (MCII), is partnering countries including Ghana to develop a climate resilience toolbox to mitigate climate impact in these countries. Ghana is currently validating her toolbox initiative to gather inputs from various stakeholders that would be working with …

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Pensioners plead for increase in monthly pension

The National Association of Pensioners has appealed for substantial upward adjustment of their monthly pension to make things a bit better for them. Mr. Seth Sesi Ametefe, its President, said what they were currently receiving was too meagre, something which had made the going difficult for majority of them. Some …

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Government to help improve insurance performance

Mr Kwaku Kwarteng, the Deputy Minister of Finance, says Government is willing to provide the enabling environment to improve insurance performance by facilitating the regulator; National Insurance Commission, to promote research into the insurance business. He said the industry should, therefore, position itself to benefit from government policy interventions and …

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