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.

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

Hollard Insurance Ghana, the country’s favourite insurer, is pleased to announce the opening of its newest office at Achimota Mall, Shop Number 68. This expansion reinforces Hollard’s commitment to bringing insurance solutions closer to people while deepening its presence in key commercial hubs across the country. The Achimota Mall office will continue to deliver the same trusted Hollard experience that policyholders have come to expect; one that puts people first while enabl

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

Preamble Bancassurance has notably grown in Africa and around the world since the 1980s by offering banks and other financial institutions (BOFIs) an opportunity to provide more diversified products to their customers, whilst earning additional income by providing their distribution channels and other platforms to insurance companies. Insurance companies, on the other hand, can have an increased reach to a broader audience and achieve more sales by leveraging the BOFIs’ distr

The newly appointed seven-member Governing Board of the National Insurance Commission (NIC) has officially been inaugurated, with a focused mandate to enhance the regulation of Ghana's insurance sector and ensure the Commission operates with greater efficiency and transparency. The Board is chaired by Mr. Christopher Boadi-Mensah and includes Dr. Abiba Zakariah from the NIC, Mr. David Klotey Collison, Coordinating Director at the Ministry of Finance, Mr. Emmanuel Amofa of the

The Ghana Revenue Authority has announced that the implementation of value-added tax (VAT) on the supply of non-life insurance services, in line with the Value Added Tax (Amendment) Act, 2023, Act 1107, commenced on 1 April 2025. Suppliers of non-life insurance services must register for VAT and charge the standard VAT rate on policy premiums, where the registration threshold is met. Affected insurers can claim input VAT on qualifying expenses related to providing taxable non

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