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Duffuor calls on SIC Life to reach out to small businesses

The Minister of Finance and Economic Planning, Dr Kwabena Duffour, has charged state-owned SIC Life, a leading life assurance company in the country, to ride on the back of its new microfinance company and reach out to small businesses. The minister urged the life assurance company to combine microfinance with …

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Donewell Life eyes top-five slot in premium earning and market share

Donewell Life Company Limited (DLCL) has stepped up efforts in the race for the top-spot of premium generation and market share among life insurance underwriters by 2015. The management has augmented its activities in recent times through aggressive marketing activities and innovative life products so that it could be ranked …

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Ghanaians spend too much on the dead – Insurance experts

Ghanaians spend too much money on funerals, Insurance experts have observed. They argued that despite Ghanaians preference to give their loved ones befitting burials, families should not spend monies earmarked for education, building projects and health for extravagant funerals. Mr. Samuel Oduro, Managing Director of Donewell Life Company Limited (DLCL), …

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Ghana Red Cross volunteers to be insured

The Ghana Red Cross Society is to secure insurance policies for its committed field volunteers. The initiative is to motivate members of the Society especially the youth to give their best in the service of humanity   without any anxieties. Mr Kofi Addo, Secretary General of the Society, said this at …

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National Health Insurance commended for prompt settlement of bills

The Mankrado of Awutu Traditional Area, Nai Kow Kurabi Clottey III, has praised the National Health Insurance Authority (NHIA) for putting in place effective measures to settle outstanding bills of Metropolitan, Municipal and District Mutual Health Insurance Schemes. He said continue prompt settlement of claims, would go a long way …

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Sunyani health insurance scheme lauds government for support

The Sunyani Municipal Health Insurance Scheme received an amount of GH¢5,578,061.88, out of which GH¢5,250,889.68 was provided by the National Health Insurance Authority (NHIA), Mr Isaac Afari, Scheme Manager, announced on Tuesday in Sunyani. He said the remaining GH¢327,172.20 was the collection of premium and processing fees from clients, saying …

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Men falling behind in updating SSNIT records

Men generally are deficient in updating their records with the Social Security and National Insurance Trust. That is not the case with women. Mr David Torkornu, the Volta Regional Manager of SSNIT, said this not the case with women at a seminar organized by the Network for Women’s Rights (NETRIGHT) …

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Ghana’s life insurance industry improves income by 34%

A strong life insurance industry is a necessary condition for long-term funds mobilisation. A well-managed, dynamic and profitable life insurance sector adds to the vibrancy of the economy. Over the years, Ghana’s insurance sector has taken incremental steps to a posture that strengthens this sector to support the ultimate goal …

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Ghanaian insurers insure Kwame Nkrumah FPSO for $1.1b

The Kwame Nkrumah Floating Production Storage and Offloading System (FPSO) will be insured to the tune of US$1.1 billion when it has been converted – which should be by November. The deal was pulled through by the Ghana Insurers Association Consortium in June this year and has currently pegged the …

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