Tag: National Insurance Commission (NIC)

Ghana’s insurance industry recorded a notable increase in per capita insurance spending in 2024, yet the country’s insurance penetration remains worryingly stagnant, according to the 2024 Financial Stability Review. While ...

The National Insurance Commission (NIC) has unveiled a groundbreaking strategic direction aimed at expanding insurance coverage to Ghana’s informal sector, which represents the largest share of the nation’s workforce. The ...

The reconstituted seven-member Governing Board of the National Insurance Commission (NIC), Ghana, has been officially inaugurated, signaling a new chapter of reforms, regulatory enhancement, and inclusive growth within the nation’s ...

The Ministry of Finance has inaugurated two significant boards to drive reforms in Ghana’s insurance and cocoa export sectors. The seven member committee was inaugurated recently in a ceremony at ...

The National Insurance Commission (NIC) has announced a strategic partnership with the Ghana Insurance College (GIC) to establish demonstrative campus centres at the University of Ghana. This initiative, aimed at ...

President John Mahama has appointed Bernard Ohemeng-Baah, a distinguished lecturer at the University of Ghana Business School, as the Acting Deputy Commissioner of Insurance at the National Insurance Commission (NIC). ...

The Ghana Insurers Association (GIA) is strongly defending its proposal for a 10% increase in motor insurance premiums, arguing that the adjustment is essential due to the high cost of ...

The insurance industry in Ghana continues to grapple with a low penetration rate, which is projected to remain at approximately 1.0% in 2024, according to Deloitte's Africa Insurance Outlook 2024. ...

The National Insurance Commission (NIC), in partnership with the United Nations Development Programme’s (UNDP) Insurance and Risk Finance Facility (IRFF), has launched a groundbreaking nationwide initiative to extend business insurance ...

The National Insurance Commission (NIC) of Ghana is taking a decisive step towards enhancing insurance accessibility by forming a steering committee dedicated to implementing an inclusive insurance initiative. This initiative ...