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

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

The insurance industry, led by the Commissioner of Insurance, Abiba Zakariah on 17th November 2025 presented a cheque valued at GH¢100,000.00 to the 37 Military Hospital to support the medical care of victims of the military recruitment stampede that occurred on 12th November 2025 at the El-Wak Stadium . Speaking on behalf of the industry, Abiba Zakariah reaffirmed the insurance sector’s commitment to national support, social responsibility, and the protection of lives an

Insurance companies that fail to meet the new minimum capital requirement by May this year may have to sell off their companies or merge with others. This is according to the Commissioner of Insurance for the National Insurance Commission (NIC), Justice Ofori. The move follows a decision by the NIC to see to the recapitalisation of insurance companies in the country. Insurance penetration in Ghana has remained low for years, hanging at just around two per cent. The contributi