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

Ghana’s Commissioner of Insurance, Abiba Zakariah, has been elected Vice President of the Organization of African Insurance Supervisory Authorities (OAISA) at the body’s 2025 Annual General Meeting, held from 16th to 21st November in Harare, Zimbabwe. Her election is widely regarded as a strong endorsement of Ghana’s growing leadership in insurance regulation and the ongoing reforms within the sector. Following her election, Abiba Zakariah reaffirmed Ghana’s commitment to sup

In a significant gathering of insurance expertise, Ghana Reinsurance PLC (Ghana Re PLC) recently hosted its premier international seminar, centering on the theme: "The Evolving Landscape of Engineering Insurance." The five-day event underscored the company’s role as a knowledge hub for the continent, drawing a diverse cohort of over 60 industry practitioners from across Africa and the Middle East. A Global Exchange of Expertise The seminar saw robust representation from 13

Activa International Insurance Company Ghana (AIIG), a non-life insurance company, partnered with International Finance Corporation in 2018 to develop a strategy to actively expand its services to Ghanaian women. AIIG had historically been a corporate and SME insurer but sought to diversify its offering to include Micro, Small, and Medium Enterprises (MSMEs) and retail lines of business. The efforts were aimed at supporting AIIG in expanding access to insurance services to th

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

It will be recalled that the company was granted its operating license from the Nigerian National Insurance Commission (NAICOM) in November 2020, after meeting all the necessary requirements, including a stated capital of ₦8 billion. A media release issued in Accra yesterday described the latest development as a significant milestone in the group’s expansion project into foreign markets, coming a few years after its first venture beyond the shores of Ghana, into The Gambia.