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Kumasi Court convicts fake motor insurance dealers

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A Kumasi Circuit court has convicted two insurance fraudsters for selling fake insurance stickers to unsuspecting members of the general public. The conviction was occasioned by series of investigations conducted by the Police after they were picked up some time early this year by a joint task force of the Police and the National Insurance […]

Spotlight on Justice Ofori, Commissioner of Insurance

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The Honour: ‘Ever since you assumed the position of the Commissioner of Insurance and Chief Executive Officer of the National Insurance Commission…your achievements, key among which is the introduction of the Motor Insurance Database (MID) to checkmate fake motor insurance in Ghana cannot go unnoticed. Your institution of an Insurance Education Fund to build capacity […]

GJA Honours Commissioner of Insurance, Mr. Justice Ofori

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The Ghana Journalists Association (GJA) over the weekend conferred ‘Honorary Membership’ status on the Commissioner of Insurance, Justice Yaw Ofori, at the 25th awards ceremony of the association. This is in recognition for the Commissioner’s initiatives which include the introduction of the Motor Insurance Database (MID) and championing the institution of an Insurance Education Fund […]

Coronavirus: Take advantage of risk management opportunities – NIC to insurance firms

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The Commissioner of Insurance, Mr. Justice Ofori, has advised Chief Executive Officers (CEOs) and Chief Finance Officers (CFOs) of insurance companies in the country to take advantage of the risk management opportunities occasioned by the emergence of the COVID-19 pandemic. According to the commissioner, these include the development of new products to meet the demands […]

National Insurance Commission begins training of personnel of security agencies

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The National Insurance Commission (NIC) has commenced the training of some 250 National Service Personnel posted to the Urban Traffic Management Unit of the Motor Traffic and Transport Department (MTTD) of the Ghana Police Service. The training which forms part of the Commission’s structured agenda to create insurance awareness in the Country is expected to […]

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 […]