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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 […]

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 […]