Mrs Cynthia Kwarteng Tufuor, Tema Area Manager of SIC Insurance PLC, has noted that increase in road crashes is putting enormous burden on insurance companies, which pay huge sums of compensation to either victims or their dependants.
Mrs Tufuor, who also has oversight responsibilities over parts of Volta and Eastern Regions, was speaking on the Road Safety Campaign that was embarked on in the region by the Tema Regional Motor Transport and Traffic Department (MTTD) of the Ghana Police Service.
Meanwhile, the campaign seeks to create awareness among road users to honour their respective responsibilities to keep the road safe for motorists. Drivers, especially, are being sensitised to respect road safety regulations.
Mrs Tufuor, commended the Road Safety Campaign, explaining that already road crashes were a burden on insurance companies, families, and the State as a whole.
Therefore, she noted that any activity geared towards reducing the carnage on the roads was worthy.
Moreover, she said the improvement in road safety was beneficial to the public and the insurance industry because enough savings would be made to guarantee the health and safety of the property of insured victims.
“Reducing the number and severity of crashes were generally beneficial to all citizens, while it reduced the volume of claims and compensations paid by insurance firms.”
Mrs Cynthia Kwarteng Tufuor
Furthermore, she said SIC Insurance PLC is taking a leadership role to reduce the cause of road safety. As such, she reiterated that the Road Safety Campaign would be healthy for the country.
Meanwhile, Miss Cynthia Twumasi, Deputy Area Manager of SIC Insurance PLC, seized the opportunity to educate the public and debunked the notion that some insurance companies cheat their clients. She observed that most of those issues and allegations were based on the wrong notion and misunderstanding of the type of insurance policy cover provided. Mrs Tufuor thus, noted that SIC Insurance company has in place a transparent claims management procedure for all their clients.
Miss Twumasi further stated that it was important for potential clients to understand clearly, the terms and conditions of the insurance cover they purchased, so they would be compensated appropriately.
However, she said SIC Insurance PLC paid its claims in a timeous manner, explaining that insurance companies were regulated by the National Insurance Commission which supervised, regulated and controlled the business of insurance industry in the country.
She, therefore, advised persons whose legitimate claims were not fully honoured by an insurance company to seek appropriate redress through the Commission.
On the need for other insurance companies and stakeholders to join the Road Safety Campaign, Miss Twumasi explained that the benefits from saving lives were greater than reducing the claims paid to victims of crashes. So, she admonished that the focus should not entirely be to reduce claims but to just save lives for national development.
She however, thanked the organizers of the Road Safety Campaign and noted that through the road safety campaign, people will be educated and fatalities resulting from crashes will be minimized in the region and the country as a whole.
Conclusively, she also noted that data on road crashes is alarming and implored the citizenry to put in their best in their small ways to advocate for road safety in order to go and come back home safely.
READ ALSO: CBG Better Placed to Help Businesses and to contribute to Economic Development- MD
