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NIC to operationalise technology-based insurance start-ups–Regulations to be ready soon

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The National Insurance Commission (NIC) has revealed plans of introducing regulations to guide the operations of technology-based insurance start-ups (insurtechs) in the country. Speaking at a Demo Day event for the Ghana Innolab Insurtech Accelerator Programme in Accra, the Deputy Commissioner of Insurance, Michael Kofi Andoh, said although the new Insurance Act 2021 (Act 1061), […]

Dr. Justice Ofori, Commissioner of Insurance hits the roads with MTTD Director-General to educate drivers and the public on Insurance

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The Commissioner of Insurance of the National Insurance Commission, Dr. Justice Ofori has joined hands with COP Mr. Francis Aboagye Nyarko, Director-General of the MTTD of the Ghana Police Service in a swoop in the Eastern Region to clamp down on vehicles carrying with them fake motor insurance policies. The sensitization and enforcement exercise saw […]

Commissioner of Insurance, Dr. Justice Ofori inducted into the Corporate Hall of Fame

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The Commissioner of Insurance, Dr. Justice Ofori has been inducted into the prestigious Corporate Ghana CEOs Hall of Fame. The colorful induction ceremony was held on March 4, 2022, at Movenpick Ambassador Hotel, Accra. The induction which was organized by the Business Executive also recognized some other prominent CEOs of high repute who have demonstrated, […]

Nearly 50% of working population has one form of insurance or the other – Commissioner of Insurance

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The Commissioner of Insurance, Dr Justice Ofori has disclosed that coverage of insurance as of December 31, 2020, stands at 44.6 per cent. This means nearly 50 per cent of the working population of Ghana has one form of insurance or the other. He disclosed this when the National Insurance Commission (NIC) in collaboration with […]

NIC hits target of training 10,000 youth

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The National Insurance Commission (NIC) has achieved its target of training 10,000 youth as Insurance Sales persons for Ghana’s Insurance Industry. The training of the youth as insurance agents was instituted by the Commission in 2019 as part of its initiatives to help them develop careers in the insurance profession. Dr. Justice Ofori, the Commissioner […]

Initiative launched to spur innovation in Ghana’s insurance sector

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The National Insurance Commission in partnership with FSD Africa, and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH’s FSD component have launched InnoLab, an accelerator programme designed to support and grow the nation’s insurtech start-ups, while unlocking innovations which can help transform the country’s insurance industry. Through the programme, 10 innovators will be selected to […]

Commissioner of Insurance, Dr. Justice Ofori adjudged CEO of the Year

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Commissioner of Insurance and Chief Executive Officer of the National Insurance Commission (NIC), Dr. Justice Ofori has been adjudged the Chief Executive Officer (CEO) of the year 2021. At a ceremony at the Accra City Hotel over the weekend organised by the Ghana Leadership Awards, the Leader of Insurance Regulation and Supervision in Ghana was […]

Finance Minister inaugurates NIC Board

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Minister for Finance, Ken Ofori-Atta has inaugurated and sworn-in members of the newly constituted Board of Directors of the National Insurance Commission (NIC) Speaking at a ceremony in Accra on Tuesday, November 30th 2021, Ken Ofori-Atta charged members of the board to diligently steer the affairs of the insurance industry and make it more efficient. […]

Police, Insurance Entities to ensure sanity and safety on our roads – NIC Boss

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The Commissioner of Insurance of the National Insurance Commission (NIC), Dr. Justice Ofori, has underscored the need for ensuring sanity and protection on the country’s roads. According to him, the onus does not only lie on vehicle owners, drivers and road users but it is also a core responsibility of the Police and Insurance entities. […]

NIC supports Fire Service with GHC250,000 towards forensic laboratory project

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The National Insurance Commission (NIC) has presented a cheque for GH¢250,000 to the Ghana National Fire Service (GNFS) towards the completion of a 3-storey forensic laboratory. The laboratory, when completed will enable the Service to use scientific methods to determine the origin and clear causes of fire incidents for public safety. Dr. Justice Ofori, Commissioner […]