About Us

Departments

Office of the Commissioner

The Office of the Commissioner is responsible for the day-to-day administration of the Commission.

Office of the Deputy Commissioner

The office of the Deputy Commissioner assist in the day-to-day administration of the Commission.

Supervision Department

The responsibilities of the Supervision Department include the following:

  • Licensing and renewals
  • On-site inspections
  • Off-site analysis
  • Product approvals
  • Reinsurance
  • Authorisations and Approvals
  • Actuarial Analysis
Legal Department

The responsibilities of the Legal Department include the following:

  • Overseeing the Legislation and all legal matters
  • Management of all statutory funds and Committees under the Insurance Act
  • Complaints and Settlements
  • Public education
  • Regional Offices of the NIC
  • Legal enforcement of the Insurance Act and actions to rectify lapses brought to its attention by the public and/or by the Supervision Department
Finance and Administration Department

The responsibilities of the Finance and Administration Department include the following:

  • Accounts, planning & budgeting
  • Investments & treasury functions
  • Motor Insurance Sticker management and collections
  • Human Resource
  • Procurement & Stores
  • Security, Transport, & Maintenance
Marketing, Research & External Relations Department

The responsibilities of the Marketing, Research & External Relations Department include the following:

  • Research & Development
  • Rental of Conference Facilities
  • Public Relations
  • Publications and information dissemination
  • International relations
Internal Audit Department

The responsibilities of the Internal Audit Department include the following:

  • Monitoring
  • Controls
Actuarial Department

The responsibilities of the Actuarial Department include the following:

  • Review of Periodic Technical Prudential Reports eg FCRs, SDRs, Actuarial Valuation reports
  • Review of and approval of New Products
  • Prudential and Solvency Analysis
  • Assist the supervision team in financial and pre-Inspection analysis
Reinsurance / AML Department
Reinsurance Unit

The responsibilities of the Reinsurance Unit include the following:

  • Recommend the approval of annual treaty programmes
  • Recommend local capacities for the various classes of insurance business for the Ghanaian market
  • Vet applications for overseas reinsurance
AML Unit

The Unit is responsible for the following:

  • Enforcement of AML/CFT Laws and FATF recommendations
  • Monitoring AML/CFT compliance of regulated entities
  • On-site examination of AML/CFT activities of regulated entities
  • Off-site monitoring of AML/CFT activities of regulated entities
  • AML/CFT sensitisation and training programmes
I T Unit

The responsibilities of the Information Technology (IT) Unit include the following:

  • Provides IT systems support