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NIC Moves to Intensify Compulsory Fire and Property Insurance

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The National Insurance Commission (NIC) says it will soon hit the metropolitan and district business enclaves of the country to intensify its sensitization and enforcement drive on the compulsory property insurance. This was revealed by the Commissioner of the Insurance, Mr Justice Yaw Ofori, in a recent statement. Mr Ofori indicated that though the Insurance […]

Insurance Commission, Police Collaborate to Clamp Down on Fake Motor Insurance Dealers

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The National Insurance Commission (NIC) together with the Motor Traffic and Transport Department (MTTD) of the Ghana Police Service, will soon commence a nationwide exercise aimed at enforcing the Motor Insurance Database (MID) introduced by the NIC in January 2020. The objective of the joint task force is to clamp down on patrons and dealers […]

NIC vows to deal with producers of fake motor insurance stickers

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The National Insurance Commission, NIC, has vowed to clamp down on persons still engaged in the production of fake Motor Insurance stickers. The Commission says these activities do not only violate its laws, but also put the lives of motorists and other persons at risk. The NIC estimates that about 40 percent of vehicles on […]

Insurance Industry Supports the COVID 19 Trust Fund

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The Insurance industry in Ghana have made a total donation of One million one hundred and five thousand Ghana cedis (GHC1,105,000) to the COVID 19 Trust Fund. This was in response to the clarion call made by the President, Nana Addo Dankwa Akuffo Addo, after he had established the Covid-19 National Trust Fund with the […]

CORONA VIRUS (COVID-19) WORKPLACE CONTINGENCY MEASURES

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As we are all aware, the world is facing a major health crisis in the form of coronavirus (COVID-19). Following the address of His Excellency the President to the nation on same, the Commission hereby wishes to draw your attention to the need to take urgent steps to protect your staff and customers. In addition […]

Motor Insurance Database records 78,000 newly insured vehicles in 6 weeks

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The National Insurance Commission (NIC) has recorded over 78,000 newly insured vehicles as of February 17, since it implemented the Motor Insurance Database (MID). The Commissioner of Insurance, Justice Yaw Ofori, disclosed this Monday, February 17, at a meeting with the Greater Accra Regional Executives of the Ghana Private Road Transport Union (GPRTU) of the […]

Press Release: Implementation of the Motor Insurance Database (MID)

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The National Insurance Commission (NIC) which is the Regulatory and Supervisory Body of the Insurance services sector with a broad consumer and prudential regulatory mandate under Section 2(3) of the Insurance Act 2006, (Act 724) wishes to bring to the notice of the general public that it has commenced the implementation of the Motor Insurance […]

IGP Endorses Motor Insurance Database

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The Inspector-General of Police (IGP) has commended the National Insurance Commission (NIC) on its bold implementation of the Motor Insurance Database (MID). The objective of the MID is to curb the phenomenon of vehicles with fake motor insurance stickers plying our roads, thus endangering lives and property. He made these is remarks when the top […]

Driver Unions Endorse NIC’s Move to Eradicate Fake Motor Insurance

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The leadership of transport unions has endorsed the initiative by the insurance regulator to implement an electronic insurance database, to check the menace of fake insurance stickers. The Driver Unions who were moved by their excitement at the news, recently paid a courtesy call on the Commissioner of Insurance at the National Insurance Commission, to […]

NIC shuts down ZETA Insurance Brokers for operating illegally

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The National Insurance Commission (NIC) has shut down ZETA Insurance Brokers for operating illegally. According to the commission, the said company has been operating for the past five years in Accra. Addressing the media on Thursday, the Commissioner of Insurance, Justice Yaw Ofori says the Police are currently investigating the matter. “We did our investigation […]