Insurance works in Ghana

Insurance works in Ghana


Great idea, its about time someone takes responsibility. We are loosing too many souls on our roads due to broken down/stationary vehicles.
share your thoughts with us right here on Insurance works in Ghana

We are here to protect your Interests. If it needs to be covered then we are the people to talk to. We specialise in claims nd Insurance Advisory services.

Operating as usual

GPRTU commends NIC's Dr. Justice Ofori for changing the face of motor insurance 27/02/2021

GPRTU commends NIC's Dr. Justice Ofori for changing the face of motor insurance

GPRTU recognises the importance of new developments championed by the National Insurance Commission NIC (Insurance regulator in Ghana)

GPRTU commends NIC's Dr. Justice Ofori for changing the face of motor insurance The National Chairman of the Ghana Private Road Transport Union (GPRTU) has commended the National Insurance Commission (NIC), for coming to the rescue of their members in the commercial transport sector and bringing sanity to our roads.

[02/17/21]   NEW INSURANCE LAW

The Insurance Bill, 2020 has received presidential assent, revealed outgoing chairman of the National Insurance Commission, Ray Ankrah.

The Bill had undergone a second reading in Parliament in December 2020.

The new insurance law replaces the Insurance Act of 2006, and ensures the industry is well regulated in accordance with the international framework and acceptable supervisory standards, reported Ghanaweb. Over the years, the National Insurance Commission, the finance committee of Parliament and other stakeholders have made various amendments which were incorporated into the Bill.

One thrust of the new law is to increase insurance penetration in Ghana which currently remains low.
The new law adds three compulsory insurance covers, namely, Public Liability, Group life for employees and Professional Indemnity. Currently, insurance companies underwrite two compulsory insurance covers: Motor Third-Party Liability and Fire (for private commercial properties).

The new law also seeks to mandate insurance companies to meet corporate governance standards and comply with best practices aimed at protecting the premiums or funds paid in by customers.

Story is credited to MEIR

In the coming months, this page will be looking into details at some aspects of the new Law for our followers to have a better understanding of what to expect when applying for insurance.
Stay connected and send in your insurance questions


We pledge to stand by you in this new year 04/10/2020

Motor Insurance: Common inclusions and exclusions to look for in your car insurance policy

Be informed so you can take informed decisions Every car or motor insurance policy has some common inclusions and exclusions which you must be aware of. Here we are taking a look at them.


Did you know insurance is playing a pivotal role in the world's economy especially post-covid19?

New research from Swiss Re has shown the importance of insurance in economic recovery post-coronavirus

@SwissRe #financial #resilience #covid19

Enjoy your weekend 27/08/2020

16. Alhajj Ali Muhammad Katu - Ghana Agricultural Insurance Pool

Yes, the Agric sector is not left out.
Your farm can be insured.
#agricinsuranceghana Climate change, Agric and Livestock - What the Farmer needs to know


Insurance works in Ghana 17/08/2020

Star Assurance partners Total Ghana to deepen insurance penetration -

A remarkable milestone, its Star Assurance and Total Ghana this time
Hopefully, their aim of increasing insurance coverage will be achieved Indigenous Insurance firm, Star Assurance has partnered with oil marketing firm, Total Ghana to deepen insurance penetration in Ghana This collaboration between the two firms is aimed at selling motor insurance and related products to commercial drivers especially members of the Total Troxi Club. To... 17/08/2020

NIC, MTTD collaborate to clamp down on fake insurance dealers

A good morning to you from the team here at 'Insurance Works In Ghana '

Its time you checked if your motor insurance is genuine
Read the story below carried by graphic online

Have a productive week
Dominate your space..... The National Insurance Commission , together with the Motor Traffic and Transport Department of the Ghana Police Service will soon commence a nationwide exercise aimed at enforcing the Motor Insurance Database introduced by the NIC in January, 2020.



Collaborating to provide innovative products.
That's what happened when Prudential Life Insurance GH joined Surfline Communications in this new venture

Business Gha covered the story


Fake stickers/insurance will soon be a thing of the past


National Insurance Commission, Ghana

Hello everyone,
Please take note

Motor Insurance Database

Motor Insurance Database which will be a central database that that holds information on every insured vehicle in Ghana.
The Motor insurance database would be able to:
1) Easily verify if a vehicle is insured
2) Aid the Police in checking the authenticity of Motor Insurance stickers
3) Make available the verification of Motor Insurance stickers by the General Public
4) Help in the confirmation of insurance purchase.
The Motor Insurance Database is expected to:
1) Reduce the number of uninsured vehicles on the road
2) Tackle the menace of fake stickers
3) Central Source of Information for all vehicle related issues.

Confirmation Texts
Upon the purchase of a valid Motor Insurance Policy, the insured will receive a text message confirming that the Motor Insurance policy is authentic.

A sample of the confirmation text message:

Status: Insured
Class: Comprehensive
Period: 01/01/2020 to 31/12/2020
Company: ABC Insurance Company
Reg.: GT-7771-17
Premium: GHS 00,000.00
From: National Insurance Commission

Authenticity of a Motor Policy
Verify the authenticity of a Motor Insurance Policy by dialing a USSD code as follows:
Dial *920*57# and you will be instructed to enter the registration number of the vehicle you are about to board. The information you will receive on your phone will give you all the details of the vehicle.
A sample has been displayed below.
Reg.: GT 3456 – 20
Insured? : Yes
Make: Toyota
Model: Matrix
Color: Red
Inception Date: 01/01/2020
Expiry Date: 31/12/2020
Insurer: Name of the Insurance Company
From: National Insurance Commission

QR Code
Please Note
This functionality allows an individual to verify whether a vehicle has a valid insurance before boarding it. The Police can also use this functionality to verify the authenticity of a Motor Insurance Sticker.
QR Code Scan
The MID comes with electronic Motor Insurance Stickers with QR Codes which are generated from the MID Portal. The QR code can be scanned with a QR Code Reader to verify the authenticity of the sticker and for that matter the insurance policy.

[07/13/20]   Hello good people of Ghana
Your Insurance term for the week

Vicarious Liability

Vicarious liability is a legal doctrine that assigns liability for an injury to a person who did not cause the injury but who has a particular legal relationship to the person who did act negligently. It is also referred to as imputed Negligence. 16/04/2020

GHANA’S INSURANCE SURVEY 2018 IN FIGURES: Who leads the market? | Business Financial Times Online | Economy, World, Finances, IT, ICT, Business

A peek into Ghana’s insurance market
By, the BFT Features GHANA’S INSURANCE SURVEY 2018 IN FIGURES: Who leads the market? December 12, 2018 Facebook Twitter Google+ Pinterest WhatsApp FacebookTwitterLinkedinPrintemailRedditDiggInsurance business is one of the developed businesses in Ghana. Even though the penetration is low, the industry continu... 03/04/2020

KATH secures insurance package for frontline staff handling Coronavirus cases The Komfo Anokye Teaching Hospital in Kumasi has secured a comprehensive insurance package for its frontline staff handing the Coronavirus disease cases. 01/04/2020

Hollard Ghana donates GHS100,000 towards Ghana’s COVID-19 fight

Another great example of patriotism Hollard Ghana, a leading insurance service provider, has donated GHS100,000 to Ghana's COVID-19 Fund established by government to urgently finance 30/03/2020

Coronavirus: Prudential Life Insurance Ghana unveils measures to protect customers

That's the way to go Prudential Life Insurance Ghana unveils measures to protect customers and ensure...



Great show of leadership and love for humanity 30/03/2020

Enterprise Group donates ¢100K cash, ¢20m insurance cover to Noguchi, Ridge Hospital and Ghana Health Service -

A great example of a company that's socially responsive, definitely worth emulating The Enterprise Group has made donations to three different institutions to aid the treatment and to curb the spread of the novel coronavirus in the country.


Our beloved nation Ghana shall surely overcome this one too
Remember to say a prayer and keep safe
Much love from the team 03/03/2020

60 MMTD personnel undergo training to check fake vehicle insurance

NIC introduces new tech for the mutual benefit of both the industry and for the insuring public About 60 senior personnel of the Police Motor Traffic and Transport Department... 28/01/2020

Motor Insurance Database to curb premium undercutting - NIC Commissioner

Hello Ghana, Insurance Works In Ghana wishes you all a happy and prosperous new year.
We look forward to a great year ahead
The regulator of the Ghanaian insurance space, National Insurance Commission (NIC) in recent times have introduced a number of guidelines in a bid to sanitise the insurance market.
The most recent of these is the introduction of the Motor Insurance Database (MID)
Below is a story carried by Ghanaweb
Feel free to send in your comments and questions The electronic Motor Insurance Database (MID), which will house all information...

[07/20/19]   Have a joyous weekend

[07/20/19]   Do you have questions on insurance? Give us a call or send us a message. Our experts are ready and willing to help throw light on all your questions. 03/06/2019

Bedrock Insurance officially launches in Ghana with same day payment claims Bedrock Insurance Company Limited, a wholly owned Ghanaian company, officially launched on Thursday.


Leadership, Innovation and new market development in the insurance industry 26/05/2018

Munich Re (Group) on LinkedIn: “Was 2017 the highest year…

Intriguing and yet worrying trends worth noting Was 2017 the highest year ever for insured losses from natural disasters? Indeed it was, and you may be surprised to find out why:

[12/16/17]   Interesting - This Can Happen Only In USA
This actually took place in Charlotte, North Carolina, USA.

A lawyer purchased a box of very rare and expensive cigars, then insured them against, among other things, loss due to fire.

Within a month, having smoked his entire stockpile of these great cigars, the lawyer filed a claim against the insurance company.

In his claim, the lawyer stated the cigars were lost 'in a series of small fires.'

The insurance company refused to pay, citing the obvious reason, that the man had consumed the cigars in the normal fashion.

The lawyer sued and WON! (Stay with me.)

Delivering the ruling, the judge agreed with the insurance company that the claim was frivolous. The judge stated nevertheless, that the lawyer held a policy from the company, in which it had warranted that the cigars were insurable and also guaranteed that it would insure them against fire, without defining what is considered to be unacceptable 'fire' and was obligated to pay the claim.

Rather than endure lengthy and costly appeal process, the insurance company accepted the ruling and paid $15,000 to the lawyer for his loss of the cigars that perished in the 'fires'.


After the lawyer cashed the cheque, the insurance company had him arrested on 24 counts of ARSON!!!

With his own insurance claim and testimony from the previous case being used against him, the lawyer was convicted of intentionally burning his insured property and was sentenced to 24 months in jail and a $24,000 fine.

This true story won First Place in last year's Criminal Lawyers Award contest in USA.


GIZ assists Ghana to develop insurance to mitigate climate risk

Thinking futuristic
Thank you GIZ GIZ, a German Development Agency, in collaboration with the Munich Climate Insurance...


NSS personnel petition CHRAJ over 'compulsory' insurance - Ghana News

Insurance in any form is a good way of getting yourself and your properties covered from various kinds of losses resulting from unexpected circumstances such us death, injury, fire or even theft etc.
However, what does the law say about enrolling persons under an insurance policy or scheme?
Let's get some light on this Some National Service Personnel have petitioned the Commission on Human Rights and Administrative Justice (CHRAJ), over the mandatory insurance package introduced for them by the National Service Secretariat. According to them, the imposition of the insurance package infringes on their basic human r... 06/09/2017

Ghana news: Commissioner pledges to improve image of insurance - Graphic Online Commissioner pledges to improve image of insurance


Congrats ASICA

ASICA National 9 Triennial Congress held at Ho in the Volta Region


Accra, Ghana, August 14, 2017-

The Bank of Ghana has approved a Purchase and
Assumption transaction with GCB Bank Ltd that transfers all deposits and selected
assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd. The Bank of Ghana has
revoked the Licences of UT Bank Ltd and Capital Bank Ltd. This action has become
necessary due to severe impairment of their capital. The remaining assets and liabilities
will be realised and settled respectively through a receivership process to be undertaken
by Messers Vish Ashiagbor and Eric Nana Nipah of PricewaterhouseCoopers (PwC).
The main offices and branches of UT Bank and Capital Bank will be under the control of
GCB bank and will be opened at 1pm today for normal business transactions.
Customers of UT Bank and Capital Bank are now customers of GCB bank. All deposit
customers will continue to have access to their funds. UT Bank and Capital Bank
branches and ATMs will continue to operate as normal as GCB bank branches and
ATMs. All staff in the interim will become staff of GCB bank and GCB Bank will negotiate
the terms of their contract.
GCB was selected amongst 3 others on the basis of purchase price, cost of funding,
branches to be retained, staff to be employed and impact on the acquiring bank’s
capital adequacy ratio.
Bank of Ghana
The Bank of Ghana assures the public that all customers can continue normal banking
business at all UT Bank and Capital Bank facilities which are now branches of GCB bank.
The approval by the Bank of Ghana of this transaction is to strengthen Ghana’s banking
sector, ensure financial stability and protect depositors’ funds. The Bank of Ghana
reassures customers of UT Bank and Capital Bank that their money is safe and they can
continue to do business at their respective branches which are now the branches of
GCB Bank.

Issued by: Communications Department
For further enquiries, please contact:
Bernard Otabil, Director of Communications. Telephone numbers:
Landline- +233 302666902-6, Extension 4544.
Cell phone number- +233 243808838.


Insurance works in Ghana

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Its everything about insurance and more

We are here to protect your Interests. If it needs to be covered then we are the people to talk to. We specialise in claims nd Insurance Advisory services. 03/08/2017

Amend insurance laws for mandatory towing by insurers - Ghana Business News

Whats your take on this raging government police issue,
Q1. Is a national road towing service needful at all
Q2. How much are you prepares to pay as a levy
Q3. Who would you rather Want to pay this levy through, your insurance company or the DVLA?

Lets hear your views Please An Insurance Consultant, George Addae has impressed on authorities to amend Ghana’s insurance laws to allow insurance companies undertake the mandatory towing of vehicles. He explains to Citi Business News the new provisions will among others spell out the modalities in carrying out that mandate. “N...

Videos (show all)

We can do it better togetherI have set the Lord continually before me; because He is at my right hand, I shall not be mo...



Burma Camp Computer Centre
P. O. BOX 2956, ACCRA

Opening Hours

Monday 07:00 - 19:00
Tuesday 07:00 - 19:00
Wednesday 07:00 - 17:00
Thursday 07:00 - 19:00
Friday 07:00 - 17:00
Other Insurance Brokers in Accra (show all)
SIC & SICLife Insurance SIC & SICLife Insurance
Box 912 .oda.


Express Life Insurance Marketing Express Life Insurance Marketing
P.O.Box 3622, Kaneshie
Accra, 00233

Helping you get your Express Life Insurance Policies

Veriplonzy insurance company Veriplonzy insurance company
Highstreet Accra
Accra, 233

Priority Insurance Company Limited Priority Insurance Company Limited
Priority House, Adjacent C.Woermann, Avenor Junction
Accra, P.O.BOX GP 13808

PRIORITY INSURANCE COMPANY LIMITED (“PRIORITY”) is a wholly – owned Ghanaian Insurance company.

CorporateWorld CorporateWorld
Box 912,Akim Oda
Accra, 912

To sell all kinds of communication networks cards and also transaction of mobile banking service.

Baobab Brokers Ltd Baobab Brokers Ltd
No. 18, Otinshie, East Legon
Accra, P.O. BOX CT 525, ACCRA

Insurance and Risk Management Experts T:0302-901911 E:[email protected]

Insurance Made Easier At Your Convenience Insurance Made Easier At Your Convenience
P. O. BoxGP2068 Accra,Central
Accra, 233

We are here to help you make the easier decisions to take and educate u on the covers that will best suit your particular needs in insurance.

Broadview Trust Broadview Trust
Asylum Down Mango Tree Street Adjacent Barclays Bank, Ring Road Branch
Accra, 233

We provide full trustee and administration services to employers and their employees as far as pension and provident funds are concerned.

SpotOn Insurance Brokers SpotOn Insurance Brokers
No. 3 Garden Link East
Accra, 00233

SpotOn Insurance Brokers was registered to provide world class insurance broking services to its cherished clients.

BEST Assurance CO. LTD. TEMA Branch BEST Assurance CO. LTD. TEMA Branch
Accra, +233

Millennium Insurance Company Limited Millennium Insurance Company Limited
8th Avenue Extension, Dr Isert Street, North Ridge
Accra, 00233

This page is the official page of Millennium Insurance Company Limited dedicated to keeping you informed and educated on our products and services

Insurance Gospel Centre Ghana Insurance Gospel Centre Ghana
Ashalley Botwe School Junction, Near The Lake Nmai Djor Accra, Ghana
Accra, 233

Insurance Gospel Centre ...Giving Insight To Sight...