UT Life Insurance

UT Life Insurance

UT Life Insurance provides comprehensive insurance packages for death, disability, education, etc. for both individuals and corporate organizations.

UT Life Insurance Ltd formerly Golden Life Assurance Company Limited started as a wholly owned subsidiary of CDH Insurance Company Limited with the name CDH Life Assurance Co. Ltd. The company was incorporated in 2005 but remained dormant until October 2007. The Life operation over these years was a department of CDH Insurance Company Limited now NSIA Ghana Insurance. In line with the Insurance La

[08/14/17]   CUSTOMER NOTICE

Management of UT Life Insurance Company Limited wishes to assure all its cherished customers that the recent announcement by Bank of Ghana on the takeover of UT Bank by GCB Bank Limited does not in any way affect UT Life.

Customers’ policies and relationships with UT Life remain unchanged.

UT Life is and has always been a completely separate entity from UT Bank, and therefore UT Bank has no ownership in UT Life. UT Life was acquired by Leapfrog Investments from UT Holdings in December 2015 with a majority shareholding of above 80%.

UT Life is strongly capitalized at GH¢36 million which is over the minimum regulatory requirement of GH¢15 million.
Our capital adequacy ratio is over 300% as of June 2017, and reflects our financial stability, strength and liquidity.

Our offices remain open for business and you can contact us for further information on 020 202 1005.

Signed:
By Management

[03/17/17]   DISCLAIMER

It has come to the notice of UT Life Insurance Company Limited that Rock-G Investment, its directors, employees and agents are collecting monies from the public purportedly on behalf of UT Life Insurance Company Limited.
The Management of UT Life Insurance Company Limited wishes to inform its valued customers and the general public that Rock-G Investment, its directors, employees and agents are not agents of UT-Life Insurance Company Limited.

Any person who transacts any business with the said company, its directors, employees and agents on behalf of UT Life Insurance Company Limited does so at his or her own risk.

By: Management of UT Life Insurance Company Limited

[11/21/16]   This week is dedicated to our cherished customers. We express our love to you for choosing UT Life Insurance.

[06/20/16]   Join our Winning Team

UT Life Insurance Company Limited is seeking to recruit self motivated persons to fill sales vacancies in our various branches. If you are passionate, ambitious, reliable and have a high sense of integrity, then join our dynamic and dedicated work force in pursuit of excellence.

Job role : Financial Advisors
Vacancies exist at our branches in:
Accra, Kumasi, Takoradi, Sunyani Tamale ,Hohoe and Koforidua

Interested Applicants should send their application letters and CVs to [email protected] stating their preferred location. Applications and CVs should reach us not later than Monday, 4th July 2016.
Remuneration :Very attractive

Qualification:
1st Degree, Diploma, SSCE or WASSCE with passes in English and Mathematics

Applicants should be 21 years and above

[05/05/16]   Our annual blood donation exercise is loading ......

We are ready to save lives! 21st May 2016 is the date, UT Life Insurance head office, Kisseman,is the venue.

Save the date and join us as we donate blood to save lives.

A PINT FOR A LIFE. SAVE A LIFE TODAY!

leapfroginvest.com 28/01/2016

Home - LeapFrog Investments

LeapFrog invests in UT Life Insurance

o LeapFrog Investments invests in UT Life, taking a majority stake in the leading life insurer
o UT Life is a growing business with a strong local brand, offering quality, affordable insurance products
o Investment will drive UT Life’s rapid expansion in partnership with UT Holdings

Accra, Ghana, January 27 2016: LeapFrog Investments (“LeapFrog”), a specialist investor in emerging markets on Wednesday announced that LeapFrog has acquired a majority stake in UT Life Insurance Company Ltd (“UT Life”), one of the key players in the life insurance sector in Ghana. This is LeapFrog’s third direct investment in Ghana, and second in the life insurance sector. LeapFrog is a fast-growing investor in Africa, injecting capital, deep expertise and exceptional local knowledge into the companies in which it invests.

UT Life is a rapidly growing life insurer, with a significant market share in funeral and educational savings policies. It is focused on the mass market and seeks to reach over 1 million people by 2020. The Ghanaian market offers major opportunities for growth, as insurance penetration is below 2% of GDP.

UT Life was formerly controlled by UT Holdings, a diversified Ghanaian holding company that acquired the insurer in 2010. UT Holdings, which also is a major owner of UT Bank, will remain a shareholder in UT Life and serve as a strong local counterparty to support the business on the ground. UT Life has a network of nine branches across the country and also operates through a bancassurance arrangement with UT Bank, which has 30 bank branches across Ghana. UT Holdings plans to use the proceeds from the sale to help enable growth at its other group subsidiaries, including UT Bank.

Doug Lacey, Partner at LeapFrog Investments said: “We were attracted by UT’s unwavering commitment to Ghana’s mass-market. UT Life is exceptionally well positioned to grow, to prosper and to help millions to make the most of their lives. We’re backing that potential.”

Martyn Mensah, Chief Executive Officer of UT Holdings said: “LeapFrog is the leader in designing insurance products for the mass-market and is made up by an exceptional team of strategic operators. They are the right partner to take UT Life to its next level of growth. We look forward to seeing UT Life reach new heights as a leading force in the Ghanaian life insurance market.”

Kwaku Yeboah-Asuamah, Chief Executive Officer of UT Life said: “Our vision is to be the most innovative and affordable life insurer for the consumer mass market in Ghana. We believe our partnership with LeapFrog will give wings to our growth plans and enable us to benefit from LeapFrog’s rich insurance expertise and knowledge.”

About LeapFrog Investments
LeapFrog Investments is a specialist investor in emerging markets, seeking the growth opportunity presented by two billion emerging consumers in Africa and Asia. LeapFrog’s portfolio companies currently provide insurance, savings and pensions products across 21 markets including Ghana, Kenya, Nigeria, South Africa, India, Indonesia, Thailand, and The Philippines. LeapFrog uses a profit-with-purpose approach to investing, recognising its ability to generate strong results and change many lives. LeapFrog has unlocked over a billion dollars of investment from leading global institutions that share this vision. Visit www.leapfroginvest.com and follow LeapFrog on Twitter @LeapFrogInvest.

About UT Life
UT Life Insurance Ltd is a local Ghanaian success story. The company, which was incorporated in 2005, was acquired by UT Holdings and rebranded as UT Life Insurance Ltd in 2010. Since then, business has grown over 80% per annum to become one of Ghana’s largest life insurers. In 2016, LeapFrog Investments acquired a majority stake in the business from UT Holdings to enable it to reach new levels of growth and impact. UT Life was recently voted the Most Promising Life Insurance Company in the Reinsurance Cedant Awards. http://www.utlifeghana.com/

About UT Holdings
UT Holdings is a private leading brand with one of the most diversified holding interests in the financial services sector in Ghana. As an award-winning brand, UT Holdings is made up of eight subsidiary companies which focus on Banking, Life Insurance, Logistics, Properties Management, Debt Recovery and Private Security Services. It also has a non-bank financial institution in Nigeria. Dedicated to the vision of being, “The best shareholder value creator in Africa”, UT Holdings consistently offers value added services to its clients, producing steady growth in a very buoyant market space. With a workforce of over 1,800 dynamic and dedicated professionals working in 45 locations in Ghana and Nigeria, UT Holdings provides assorted but integrated solutions to small and medium-sized businesses and individuals, by driving the synergies of the various award winning businesses. www.utholdings.com

leapfroginvest.com We partner with their leaders to achieve leaps of growth, profitability and …

[12/14/15]   UT Life Insurance Company Limited is recruiting self motivated persons to fill various vacancies within the organization. If you are passionate, ambitious, reliable and have a high sense of integrity, then join our dynamic and dedicated work force in pursuit of excellence.

1. HEAD, ACTUARIAL/CHIEF RISK OFFICER – Based in Accra

This role player reports directly to the General Manager, Operations and will be responsible for providing ongoing technical and analytical support to the Department. The Head, Actuarial will also be responsible for actuarial and risk analysis used to develop pricing for new and existing products in line with management and company objectives.

FUNCTIONS & RESPONSIBILITIES

• Performing in-depth quantitative analysis on various insurance products in the organization and recommending rates in order to turn products profitable.
• Liaising with the external actuary in order to carry out valuation exercises.
• Liaising with the National Insurance Commission in order to satisfy their requirements with respect to the organization.
• Responsible for determining the technical liability of the company.
• Assisting the Product Development Committee design profitable life insurance products for the market.
• Advising management on relevant market, legislative and actuarial issues.
• Responsible for the development of Enterprise Risk Management (ERM) policy and implementation.

QUALIFICATION & EXPERIENCE REQUIRED

• The successful candidate should have a minimum of a first degree in Mathematics with at least 7 years experience in the role.
• Must be a partly qualified Actuary.
• A master’s degree will be an advantage.
• Ability to liaise with all levels of management staff and stakeholders.
• Has to be detail oriented, proactive and have good organizational/planning skills.
• Strong interpersonal and communication skills.
• Ability to meet goals within specified deadlines.
• Good judgment and analytical skills.
• Possession of high sense of integrity.

2. COMPLIANCE MANAGER

The Compliance Manager will report to the General Manager, Finance & Administration and will be responsible for overseeing and managing compliance issues within the organization, ensuring adherence with the legal regulations prevailing in the organization’s own internal policies.

FUNCTIONS & RESPONSIBILITIES

• Ensuring implementation of good corporate governance culture within the organization and acting as contact point for compliance matters with the Regulatory Authority.
• Ensuring that the company and its employee’s actions are adhering with legal and regulatory requirements.
• Create procedures within the organization which help it to adhere to ethical and regulatory compliances within the insurance industry and updating same as and when required.
• Acting as the point of contact for handling major legal complaints from customers.
• Ensuring compliance of the company at all time with the Anti Money laundering and Counter Terrorist Financial Policy, Sanctions Policy and other regulatory authority.
• Assisting the various Departments in the organization to facilitate compliance with Government laws and regulations and ensure that all transactions are adequately reviewed from a compliance perspective congenial for the company.
• Identify potential areas of compliance vulnerability and risk; develop/implement corrective action plans for resolution.
• Advising Management of new legislation and regulations which might affect the Company.
• Evaluating whether the company is in compliance with applicable laws and regulations guidelines and directives issued by regulatory authorities.
• Evaluating compliance with internal policies and procedures set by Board of Directors and management including but not limited to the Code of Conduct and Corporate Values.
• To prepare an annual compliance plan on steps to address/manage risk.
• To provide relevant and timely reporting to the governance committee on compliance risks, significant regulatory reviews or actions and progress against the compliance plan

QUALIFICATION AND WORK EXPERIENCE
• The successful candidate should be a member of Institute of Chartered Secretaries & Administrators
• 1st Degree in Risk Management will be an advantage
• Minimum of 8 years experience in either a law firm or legal & compliance department of a Life Insurance Company.
• Must be conversant with the Insurance Law of 2006, Act 742.
• Ability to analysis financial information.
• Ability to plan daily and periodic operations.
• Excellent presentation and interpersonal skills
• Ability to communicate effectively.
• Possession of a high sense of integrity
• Ability to interact with regulators as well as all levels of Management.
• Ability to handle confidential information and material.
• Ability to work with minimal supervision
• Ability to complete multiple tasks proactively and with initiative.

3. ZONAL MANAGERS (SOUTHERN SECTOR – Based in Accra & NORTHERN SECTOR – Based in Kumasi)

The Zonal Manager will report directly to the General Manager, Business Development and will be responsible for managing business acquisition and sales support processes to ensure area profitability to meet business targets.

FUNCTIONS & RESPONSIBILITIES

• Identify and open potential new markets for sales penetration.
• Manage sales and sales support processes to ensure area profitability to meet business targets.
• Responsible for opening and developing pay points for the smooth collection of premiums.
• Manage departmental budget and develop local markets for business growth.
• Provide leadership direction for the Sales function including supervision and development of the sales force.
• Responsible for appraising and tracking the performance of staff of the Branches under his/her jurisdiction.
• Prepare weekly and monthly sales reports to the General Manager, Business Development.
• Manage and maintain existing customer relationships and develop new customer base relationships.

QUALIFICATION & EXPERIENCE REQUIRED

• The successful candidate should have a minimum of a first degree in marketing with at least 7 years experience in the insurance industry.
• A Diploma or Advanced diploma in insurance.
• A Chartered Institute of Marketing qualification will be an added advantage.
• Proven experience in managing sales operations/sales teams.
• Have a valid driver’s license with 4 years driving experience.
• Ability to lead, develop and motivate the sales and branch staff.
• Ability to liaise with all levels of management staff and stakeholders.
• Detail oriented, proactive and good organizational/planning skills.
• Good communication and interpersonal skills.
• Ability to meet goals within specified deadlines.
• Good judgement and analytical skills.
• Possession of a high sense of integrity
• Knowledge and skills in Microsoft Office applications (Excel, Word and Power Point)

4. SALES MANAGER – (Based in Sunyani)
The Sales Manager’s responsibility is to drive sales and increase premium income of the organization.

FUNCTIONS & RESPONSIBILITIES

• Responsible for marketing and sale of life insurance products to prospective clients.
• Responsible for opening new businesses and servicing existing sales points.
• Recruit, and manage a minimum of 20 Sales Executives.
• Prepare and generate monthly sales reports to the Zonal Manager.
• Meet agreed sales and premium targets
• QUALIFICATION AND WORK EXPERIENCE

• Minimum of an HND (Marketing) with 4 years sales experience in a Life Insurance Company.
• A Diploma in insurance will be an added advantage.
• Have a valid driver’s license with 4 years driving experience.
• Excellent interpersonal and communication skills
• Excellent customer service skills
• Highly aggressive and possession of high sense of integrity
• Good Planning and Presentation Skills
• Ability to work with minimal supervision
• Good negotiation and networking skills
• Good judgment and analytical skills
• Accuracy and attention to detail
• Knowledge and skills in Microsoft Office applications (Excel, Word and Power Point)

5. CORPORATE RELATIONSHIP OFFICER – Based in Accra
The Corporate Relationship Officer will report to the Head, Corporate Business and will be responsible for driving sales, increasing corporate business premiums to enhance the company’s profitability.
FUNCTIONS AND RESPONSIBILITIES
• Introduce corporate products to relevant markets – SMEs, Large Corporate bodies, etc
• Develop and maintain relationship with brokers, banks, and other established partners.
• Identify, develop and retain clients for business continuation
• Strategize and implement marketing/sales plans to grow business
• Initiate, manage and conclude business transactions on a regular basis
• Preparation of weekly and monthly reports to the Head, Corporate Business

QUALIFICATION AND EXPEREINCE REQUIRED
• Minimum of an HND (Marketing) from a recognized institution.
• The successful candidate should have 3 years minimum sales experience in the Insurance or financial services industry.
• Have a valid driver’s license with 3 years driving experience.
• Ability to communicate effectively and excellent interpersonal skills.
• Knowledge of Microsoft Office applications (Power Point, Word and Excel)
• Good Presentation Skills
• Detail Oriented and well organized individual
• Good judgment and analytical skills.
• Possession of a high sense of integrity

If you meet the essential requirements enumerated above please forward your CV to [email protected] (not later than two weeks after publication of this advert) indicating in the subject area the role being applied for. Kindly note that only short listed candidates will be contacted.

Address


UT Life Plaza, Kisseman Junction Off Achimota-GIMPA Road
Accra
Other Insurance Companies in Accra (show all)
Phoenix Insurance Co. Ltd Phoenix Insurance Co. Ltd
Hse. No.244/3, 6th Ringway Estates
Accra, GA016

Our job is to pay claims and pay them promptly. Get a premium from us!

Priority Insurance Ghana Priority Insurance Ghana
Priority House, Adjacent C.Woermann, Avenor Junction, Accra
Accra, 00233

PRIORITY INSURANCE COMPANY LIMITED is a wholly-owned Ghanaian Insurance company incorporated on the 8th day of September, 2011 and licensed by the National Insurance Commission (NIC/NL/PRIO 025/12) to underwrite non-life insurance.

Acacia Health Insurance Acacia Health Insurance
Garden Street, Near AnC Mall East Legon
Accra, PMB L51

ACACIA HEALTH INSURANCE "We place value on those you value"

National Pensions Regulatory Authority National Pensions Regulatory Authority
Kanda
Accra

Ensuring Retirement Income Security through Pensions

UT LIFE Insurance UT LIFE Insurance
BOX AT1975 ACHIMOTA,MARKET
Accra

Old Mutual Ghana Old Mutual Ghana
Number 4 Dr Paul A Acquah Street Airport
Accra, ARA

Old Mutual Ghana is part of the Old Mutual group which has been operating for over 170 years. Old Mutual has been in Ghana since 2013.

Sarang Auto Agency Sarang Auto Agency
East Legon
Accra, 00233

We specialize in providing affordable cars for our clients with flexible payment options. We provide insurance and other business advice and services

Hollard Life Gh Hollard Life Gh
Capital Place, 11 Patrice Lumumba Road, Airport Residential Area
Accra

Hollard Life Ghana insures you and everyone you love. We offer innovative life insurance products customised to the unique risks you face as you go about your daily life. Live your life stress-free knowing we've got you covered. #WeDoWellByDoingGood

Star Assurance Co. Ltd. Osu Branch Star Assurance Co. Ltd. Osu Branch
Awo Plaza 15th Lane, Off Oxford Street Osu R.E - Accra
Accra, 233

We are here to serve the public both near and far. We offer insurance services in the forms of Motor, Travel, Homeowners insurance and many more.

Quality Insurance Company Choir Quality Insurance Company Choir
Quality Insurance Company
Accra

Group of Quality Insurance Company Staff with the aim of promoting the company's vision and values through the music ministry.

Nationwide Medical Insurance Nationwide Medical Insurance
2nd Floor, Vanguard House,
Accra, 233

Melvin Auto Broker GH Melvin Auto Broker GH
East Legon
Accra, 00233

Sales of Used and Brand New Cars