Commissioner’s Message

Welcome to the website of the National Insurance Commission (NIC). The NIC was established by the Insurance Act, 2006 (Act 724), which replaced Insurance Law, 1989 (P.N.D.C.L. 227). Its object is to ensure effective administration, supervision, regulation, monitoring and control of the business of insurance, to protect insurance policyholders and the insurance industry. The NIC, […]

Acts & Regulations

THE SEVEN HUNDRED AND TWENTY-FOURTH ACT OF THE PARLIAMENT OF THE REPUBLIC OF GHANA ENTITLED INSURANCE ACT, 2006 AN ACT to revise the law relating to insurance in order to provide comprehensive provisions for the regulation of the insurance industry and for related matters. DATE OF ASSENT: 29th December, 2006. ENACTED by the President and […]

Grievances & Complaints

Write a formal letter addressed to the Commissioner of Insurance, or call personally at the offices of the Commission. The petition should state briefly the reasons for the complaint. Copies of the following documents (in the case of a motor claim) should accompany the complaint: a) Police report b) Medical report c) Two passport size […]

Publications

The National Insurance Commission (NIC) produces various kinds of reports and statistical data for the consumption of industry players and the general public.

September 7, 2018 | NIC Verses Swaytel Insurance Company Limited (an unlicenced Company)

The general public is being informed that the trial of the person accused of operating an unlicensed insurance company, Swaytel Insurance Company Limited, in Swedru has ended. The accused person, Emmanuel Kwame Adjei, was found guilty and convicted by the court on all seven counts, including operating an unlicenced insurance company, forging of fake Motor […]

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| NIC to have Central Database for Authenticating Insurance Policies

As part of measures to deal with the problem of fake insurance certificates, the National Insurance Commission (NIC) is to roll out a central database system where all policies issued by insurance companies would reflect to ensure easy verification. “We are going to have a system whereby it will be easy for the police to […]

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The Insurance Industry is governed by Insurance Act 2006, ACT 724. This Act complies significantly with the International Association of Insurance Supervisors (IAIS) Core Principles and gives better regulatory powers to the National Insurance Commission. (See Act and Regulations for more information on the Act).

The Act among other things prohibits composite insurance companies. All composite insurance companies therefore had to separate their life and nonlife operations into different companies by December 2007.


List of Insurance and Reinsurance companies licenced by the National Insurance Commission and are in Good standing


List of intermediaries licenced by the National Insurance Commission and are in Good standing


The NIC aims to streamline the Insurance Industry with the issuance of guidelines to regulate the insurance market.


The Compensation Fund was set up in 1996 by the National Insurance Commission in conjunction with the insurance companies which underwrite motor insurance business.

The Fund will compensate anybody who has been Injured after 1996 but who is unable to obtain compensation from an insurance company.

The Fund is not meant to relieve insurance companies of their liabilities under policies they have issued. Neither does it intend to encourage motorists not to insure their vehicles or to relieve motorists of their obligations to the victims.