• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Insurance coverage reaches 44.6% – Commissioner of Insurance

3 years ago
in Business, Editor's pick, highlights, Home, home-news, Insurance, latest News
2 min read
0 0
0
85
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Insurance coverage reaches 44.6% – Commissioner of Insurance

The Commissioner of Insurance, Dr. Justice Ofori has disclosed that coverage of insurance as of December 31, 2020, stands at 44.6%.

This means nearly 50% of the working population of Ghana has one form of insurance or the other. 

He made this disclosure when the National Insurance Commission (NIC) in collaboration with the Ghana Prisons Service launched the training of Prisons Officers and Recruits on the basic principles of Insurance and Risk Management. 

“I am delighted to disclose that following these efforts, the number of working Ghanaians who have one form of insurance or the other stands at 44.6% as of the end of year 2020. This is a phenomenal increase of 14.6% over the 2019 figure”.

Dr. Justice Ofori noted that, “The NIC’s objectives and functions per Sections 2 and 3 of the Insurance Act 2021, (Act 1061), include supporting and encouraging financial inclusion, promoting public awareness and undertaking public education on insurance. This launch for Prisons Cadet Officers and Recruits is therefore a priority to the Commission.

“The training will centre on the basic principles of insurance as well as highlights of various lines of insurance that will inure to the benefit of these Officers throughout their lives and career in the Service. The future can only be brighter for the industry that serves as a risk management mechanism for individuals and organisations such as the Ghana Prisons Service. The risk your Officers are exposed to on a daily basis are quite known”. 

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

The Director-General of the Ghana Prisons Service, Mr Isaac Kofi Egyir, on his part commended the NIC for its decisive resolve to provide literacy on insurance to Officers of all security agencies, including the Ghana Prisons Service in the country.

“The Ghana Prisons Service appreciates the commitment of the Commissioner of Insurance, to educate officers on the essence of insurance. We as a Service look forward to enjoying more avenues of collaboration that will make our Officers more knowledgeable about insurance and to put them in a better position to benefit from the various types of insurance”, he noted.

He further stated that, “We agree that an informed appreciation of insurance will help, to a large extent, every Prison Officer to mitigate the effects of some of the life mishaps. Working with such information, we believe, will benefit not only Officers but their families and the people they supervise”. 

The launch of the training forms part of the Commission’s structured campaign to create insurance awareness and is an on-going campaign across all other Security Agencies and allied bodies. 

Dr. Ofori pledged continuous collaboration with the Ghana Prisons Service in order to provide more sensitization on the need for insurance uptake.

On his part, the Director of the Ghana Insurance College, Mr Richard Okyere disclosed that the College has so far trained over 400 chartered insurers. This move, Mr. Okyere reiterated, has created employment in the insurance industry for many young people.

The NIC is the supervisory and regulatory body of Ghanaian insurance industry and has for some time now championed the training of key categories of personnel as part of the Commission’s mandate of making everyone aware of the needs and benefits of insurance 

Tags: ghanaGhana Prisons ServiceInsurance coverage reaches 44.6% - Commissioner of InsuranceNational Insurance Commission (NIC)
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.