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

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 Greater Accra Regional Office of the National Health Insurance Authority (NHIA) has held its 2025 First Quarter Performance Review Meeting at its Regional Office Conference Room in Accra. The meeting brought together district managers, technical officers, and regional staff to evaluate the region’s progress toward achieving its annual targets. In his opening remarks, the Acting Regional Director, Mr. Samuel Sowah Oblejumah, commended staff for their punctuality and dedica

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

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

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

Parliament recently passed the Insurance Act, 2021 (Act 1061) to replace the Insurance Act, 2006 (Act 724) and to provide for the regulation and supervision of the insurance market. Act 1061 creates three main licence categories under which insurance businesses may operate: Insurance Licence, Reinsurance Licence and the new Innovative Insurance Licence. An Innovative Insurance business uses new financial technology or any other innovative technology or method in the insurance

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

Zeepay, a fast-growing fintech and a Challenger Electronic Money issuer (Mobile Money Company), has a