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

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

In June 5, 2019, which is tomorrow, China will be hosting the World Environment Day 2019. Approximately, seven million people worldwide die prematurely each year from air pollution, with about four million of these deaths occurring in Asia-Pacific. Climate change is set to impact both the life and non-life insurance industries through its direct and indirect effects on human health and the environment. Diseases, injuries and deaths are also set to increase due to increasingly

The National Insurance Commission in collaboration with the associations of both primary insurance companies and insurance brokerages are...

Why do consumers hate the middle man? Primarily, customers perceive any middle man as an unnecessary third party, and conventional wisdom...

The National Insurance Commission has released the unaudited financial results of the 20 life insurance companies currently licensed to...