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

The National Insurance Commission (NIC) wishes to inform all motorists that effective January 1, 2026, the Ghana Card would become a mandatory requirement when purchasing or renewing any motor insurance policy. Corporate clients are also required to provide their Tax Identification Number (TIN) when completing motor insurance transactions. This initiative would help: Improve claims handling Strengthen Know-Your-Customer (KYC) & Anti-Money Laundering (AML) compliance Reduce fr

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

Star Assurance Company Limited has appointed Boatemaa Barfour-Awuah as its news Chief Executive Officer. The new CEO will champion the development and enhancement of the company’s strategic plan for achieving results. She is recognised as seasoned insurance professional with a heightened ability to drive strategic initiatives in areas of business growth, business digitisation and organisational effectiveness. Boatemaa Barfour-Awuah began her career in the insurance industry a

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

The National Insurance Commission (NIC) together with the Motor Traffic and Transport Department (MTTD) of the Ghana Police Service, will...

Mr. Ernest Frimpong, the Managing Director of Loyalty Insurance Company Limited, has made a call to insurance policyholders/insureds/clai...

Head of Supervision at the NIC, Seth Eshun As part of measures to enforce motor insurance compliance and safeguard vehicle users, the...

The National Insurance Commission (NIC) has recorded over 78,000 newly insured vehicles as of February 17, since it implemented the Motor...

The National Insurance Commission has issued a Press Release, detailing the modalities for the implementation of the New Motor Insurance...