Globally, many companies have been affected by significant business declines or closures due to coronavirus measures implemented by state governments and organisations. This has resulted in great financial losses for many industries and companies. In order to deal with this, some companies have tried to rely upon their Business Interruption ( BI ) insurance to cover their loss of revenue. The economic consequences of the COVID-19 pandemic on businesses have been dire, to sa

Two subsidiaries of the Enterprise Group have demonstrated leadership once again with a sterling performance at the 2020 Ghana Insurance...

Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis. While new pandemic-proof policies might not be cheap, they offer businesses from restaurants to film production companies to e-commerce retailers ways of insuring against disruptions and losses if another virus strikes. The providers include big insurers and brokers adding new products to existing coverage, as

SIC returns to the top whiles Hollard moves from fifth to third. In creating a new world of opportunity for individuals, businesses and the society, insurers can no longer move of the same traditional products and services, and expect to succeed. Customers, investors, and employees demand innovation from insurance companies. It is only by recognizing opportunities and challenges, and responding quickly that insurers will continue to be competitive. In the past decade, SIC ins

CFAO Ghana, the official distributor of Mitsubishi and Suzuki vehicles in Ghana has partnered with Allianz Insurance to introduce the first ever life insurance package attached to vehicle purchase in Ghana. The new package, called Auto Life by CFAO, is an initiative aimed at providing life insurance cover for all individuals who purchase a new Mitsubishi or Suzuki vehicle from CFAO Ghana Ltd, from the 1st of March, 2020. CFAO clients will automatically receive a five (5) y

A growing body of research suggests that access to and use of financial services has a beneficial impact on individuals’ lives, particularly

Insurance is a key player in the financial space of the country. Undoubtedly, the financial sector – especially the banking sector – has experienced some challenges in recent times, following the regulatory authorities’ efforts to strengthen, stabilise and streamline its activities and enhance the sector’s capacity to provide the highest level of service to customers. Insurance companies if positioned well will be the biggest beneficiaries in light of the banking reform, as p

Even as issues relating to the state-run National Health Insurance Scheme dominate public attention, private health insurance cover is...

This is the second in the series of articles on financial knowledge and empowerment for Ghanaians. In our last article-The Pearl of Life: Passing on a Significant Legacy – we learned about passing on wealth from generation to generation. In this article, we will discuss how to protect the assets we acquire either through the dint of hard work or through inheritance. Every great pearl of wisdom I know, I learned at my grandmother’s knee. Her steely eyes pierced through centuri

What the public must know. The National Insurance Commission has directed all insurance companies to impose limits on Third Party...