Ghana Insurance Hub

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.

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

At the beginning of this year, we adopted a theme that is simple, but demanding: “Resetting to Break Limits.” As I reflected on this theme, I realized that resetting is not just a response to challenges; it’s a deliberate action for growth and advancement. Resetting means pausing to ask hard questions, intentionally reviewing and refining our systems, aligning our people and processes with our purpose, and pushing beyond what feels comfortable.  In a fast‑changing environment

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

The certification, completed after a rigorous assessment process, marks what the company describes as a significant milestone in its corporate governance and data protection journey. It places Enterprise among institutions aligning with global best practice in information security management, at a time when data protection and privacy have become critical pillars of corporate accountability and customer trust.

Enterprise Group PLC wishes to provide clarification regarding recent public commentary referencing a reported GH¢10 million payment during the COVID-19 period. In March 2020, at the onset of the pandemic, the Ministry of Health (MoH), Ghana sought insurance protection for frontline health workers. A formal Request for Quotation was issued through an appointed broker for a Special Group Life, Critical Illness and Total Temporary Compensation policy. Enterprise Life responded

The Chairman of the Interim Advisory Council of the Insurance Retirees Forum of Ghana (IRFG), Mr. Peter Osei-Duah has admonished young insurance professionals to listen, learn and lead with humility. The former Managing Director of SIC Insurance PLC made this call during the launch of the Insurance Retirees Forum of Ghana (IFRG) at a ceremony held in Accra on Wednesday February 18, 2026. The Ghanaian insurance industry led by the Dr. Abiba Zakariah, the Commissioner of Insura

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

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

The National Health Insurance Authority (NHIA), Acting Chief Executive, Dr. Victor Asare Bampoe has pledged the swiftest implementation of the National Health Insurance Scheme (NHIS) revised service tariff. “A new medicines tariff has been implemented since March 1st, 2025. The review of service tariff is complete and is undergoing final approval processes. It will be announced in due course.” He brought this to the fore at the NHIA’s two-day Stakeholder Conference held in Ac

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 government is poised to officially roll out the Free Primary Healthcare (FPHC) initiative on September 1, 2025. The flagship program is to guarantee all residents in Ghana, particularly the vulnerable populations, access to essential, affordable, and equitable healthcare services, a key step towards achieving Universal Health Coverage (UHC) by 2030. The National Health Insurance Authority (NHIA), Senior Director in charge of special initiatives, who serves as the FPHC Foc

Access to affordable and quality healthcare remains at the heart of Ghana’s pursuit of Universal Health Coverage (UHC). Since the creation of the National Health Insurance Scheme (NHIS) in 2003, the scheme has relied heavily on the National Health Insurance Levy (NHIL), which contributes nearly 70% of its total funding. However, the 2017 Earmarked Funds Capping and Realignment Act redirected a substantial share of NHIL revenue to other areas of the national budget, weakening

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

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