In a significant move to bolster the nation's burgeoning SME sector, Enterprise Group PLC, a titan in Ghana’s financial services and insurance landscape, officially launched "The Enterprise Spotlight" on Monday, March 16. Delivered in strategic partnership with the Springboard Road Show Foundation, this national youth entrepreneurship competition is set to discover, fund, and mentor the next generation of Ghanaian business leaders.

The industry must prepare for a scenario where cargo War Risk premiums jump significantly if the blockade persists. For the Ghanaian underwriter, the risk is not direct damage to hulls, as our local fleet is largely restricted to domestic waters, but the liability associated with delayed, diverted, or "trapped" cargo. If vessels reroute around the Cape of Good Hope, the increased transit time could lead to complex claims regarding contract frustration or the deterioration o

Insurance industry leaders from across Africa convened in Accra for the 4th Africa Network of Insurers Associations (ANIA) Annual General Meeting and Conference, where they discussed strategies for strengthening the continent’s insurance sector and expanding market penetration. The meeting, which was launched at the Insurance House in Accra on Monday, March 9, brought together regulators, insurance companies, brokers, industry associations, policymakers, and development partn

The President of the Ghana Insurers Association (GIA), Boatemaa Bafuor-Awuah, has warned that insurance penetration across Africa remains critically low at about three percent, far below the global average of roughly 7.4 percent, highlighting the urgent need for stronger collaboration, innovation and public awareness to expand coverage. She stressed the importance of seamless cross-border market participation, noting that many of the challenges confronting insurance markets a

Ghana’s largest and oldest indigenous insurance company, SIC Insurance PLC, has expressed its commitment to collaborating with the media to increase insurance penetration in the country. At a media soiree in Accra on Friday, Mr James Agyenim Boateng, the Managing Director (MD) of SIC Insurance PLC, highlighted its efforts to educate the public about the importance of insurance, clarify misconceptions surrounding policies and claims, and amplify success stories that build

The insurance industry, led by the Commissioner of Insurance, Abiba Zakariah on 17th November 2025 presented a cheque valued at GH¢100,000.00 to the 37 Military Hospital to support the medical care of victims of the military recruitment stampede that occurred on 12th November 2025 at the El-Wak Stadium . Speaking on behalf of the industry, Abiba Zakariah reaffirmed the insurance sector’s commitment to national support, social responsibility, and the protection of lives an

Old Mutual Ghana, a subsidiary of pan-African investment, savings, insurance, and banking group, Old Mutual, has said it plans within the next five years is to expand its footprint across the industry and Ghana. According to Helen Amerley Amarquaye, Board Chair of Old Mutual Ghana, this forms part of the organization’s effort to improve financial inclusion as well as contribute to the growth and development of the insurance industry. Speaking after the company paid a courtesy

Government is strongly collaborating with regulators in the insurance and pensions industry to develop annuity and syndicate markets. According to the Head of Pensions and Insurance Unit at the Ministry of Finance, Benjamin Torsah-Klu, this will stimulate long term investments of pension and insurance funds. Speaking on behalf of the Finance Minister, Ken Ofori-Atta at the 6th African Actuarial Congress ongoing in Accra, he said government is committed to the creation of long

Parliament recently passed the Insurance Act, 2021 (Act 1061) to replace the Insurance Act, 2006 (Act 724) and to provide for the regulation and supervision of the insurance market. Act 1061 creates three main licence categories under which insurance businesses may operate: Insurance Licence, Reinsurance Licence and the new Innovative Insurance Licence. An Innovative Insurance business uses new financial technology or any other innovative technology or method in the insurance

Players in the insurance industry last Friday gathered at the Kempinsky Hotel for the fourth edition of the Ghana Insurance Awards which seeks to celebrate the achievements of individuals and companies who have distinguished themselves in the industry in the year under review. Organised by Xodus Communication, the awards has since its inception in 2018 rewarded excellence and standards in the industry. The awards ceremony saw 20 companies and eight individuals winning 36 awar