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 […]


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

March 2, 2018 | PUBLIC NOTICE: Compulsory Insurance for Private Commercial Buildings

The National Insurance Commission (NIC) wishes to remind the public that it is required of all owners or occupiers of private commercial organisations to obtain the Compulsory Fire Insurance for commercial buildings both completed and under construction, as per Sections 183 and 184 of the Insurance Act 2006, (Act 724). A private commercial building under […]

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September 29, 2017 | PUBLIC NOTICE

It has come to the attention of the National Insurance Commission (NIC) that, a company by name International Insurance (Ghana) Company (IIC) is operating an insurance business without insurance licence. The NIC wishes to inform the public that it has not licenced any company by name International Insurance (Ghana) Company and therefore the said company […]

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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.

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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.