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NIC and Partners Commit to Inclusive Insurance

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The National Insurance Commission (NIC) says it is working with its partners to improve access to insurance products and services to promote financial inclusion and to make life better for many more Ghanaians. Since 2010, the NIC has been working to develop an inclusive insurance regime in Ghana, with technical and financial assistance from the […]

NIC to implement market conduct supervisory framework-acting Commissioner of Insurance

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The National Insurance Commission (NIC) is in the process of implementing a market conduct supervisory framework to help improve the fair treatment of customers by insurance firms. The acting Commissioner of Insurance, Michael Kofi Andoh, said as part of the framework, the NIC would soon issue a directive of conduct of business for insurance institutions. […]

NIC launches Complaints Management System

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The National Insurance Commission (NIC) launched the Complaints Management System (CMS) where policyholders can access the online system meant to enhance client satisfaction in the insurance industry. The objective of the Complaints Management System is to enhance fair customer treatment through an automated, seamless, interactive and easy process that allows the public to have real […]

NIC trains officers at Western Central Police Command; donates as well

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The Acting Commissioner of Insurance, Michael Kofi Andoh, has paid a two-day working visit to the Western Region. He led the Takoradi Area Office of the National Insurance Commission (NIC) and, in conjunction with the Ghana Insurance College, educated police commanders and officers at the Western Central region, Tarkwa. The Ag. Commissioner led the Commission […]

WEST AFRICAN INSURANCE REGULATORS COVERGE IN ACCRA …for crucial meeting toward integration of insurance across the sub-region

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Ghana is currently hosting the latest key effort toward the integration of West Africa’s insurance industry within the overall framework of the West African Monetary Zone (WAMZ). The ongoing step is the 6th meeting of the College of Insurance Supervisors of WAMZ, which is being held in Accra from September 7, 2023 to Thursday, September […]

Ghana prepares to host International Conference on Inclusive Insurance from October 23, 2023

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Ghana’s Acting Commissioner of Insurance, Mr. Michael Kofi Andoh has said that 44.6% of working people in Ghana have one form of insurance or the other, up from an initial 29% in 2015. He reiterated this during the launch of the 19th International Conference on Inclusive Insurance (ICII) to be hosted by Ghana in October. […]

“Insurance education is the bedrock of insurance appreciation” – Prof. Justice Ofori, Commissioner of Insurance, Ghana

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Prof. Justice Ofori, Ghana’s Commissioner of Insurance has admonished all to take insurance education seriously as it is the surest way to ensuring that people willingly purchase insurance and not cajoled into doing so. “It is important that students especially at the second cycle institutions imbibe the culture of insurance in them. This is an […]

NIC equips Airport police with safety gears

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The National Insurance Commission (NIC) has presented quantities of reflector vests, hand gloves and body bags for the Airport Divisional Command of the Ghana Police Service to protect the personnel in their traffic duties. The items comprising 100 reflector vests, 100 body bags and 1000 pairs of hand gloves was to aid the officials of […]

Property owners urged to take up Fire Insurance – NIC Commissioner

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Dr. Justice Yaw Ofori, Commissioner of Insurance, has re-echoed the need for property owners to take up Fire Insurance policies to protect their buildings. “Fire Insurance gives you much protection against any peril, as well as shields anyone who enters or uses your premises” he said. He noted that some individuals have a foot-dragging attitude […]

Government of Ghana Domestic Debt Exchange: Potential Financial Sector Impacts and Mitigating Safeguards

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On 5th December 2022, the Government of Ghana launched Ghana’s Domestic Debt Exchange programme, an invitation for the voluntary exchange of approximately GHS137 billion of the domestic notes and bonds of the Republic, including E.S.L.A. and Daakye bonds, for a package of New Bonds to be issued by the Republic. The Exchange excludes Treasury Bills […]