Accra, Ghana//-The National Insurance Commission (NIC) is on the verge of withdrawing the licences of some insurance companies, after they were unable to recapitalise to GH¢50 million by the end of its recapitalisation deadline.
Category: Insurance
Zimbabwe: Start Network Provides Insurance Policy for People Hit by Drought
Harare, Zimbabwe//- A global network of humanitarian agencies has today announced the purchase of an innovative insurance policy in partnership with African Risk Capacity (ARC) and the Government of Zimbabwe.
Insurance: Africa’s Sleeping Giant
Although few regions of the world have such an acute need for a multitude of insurance products, Africa remains desperately under-insured, with a penetration rate of less than 3%.
Allianz: Volatile Markets, US Lawsuits, ESG Issues and SPACs Create New Risks for Managers
Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore//-Board members and company executives can be held liable for an increasing range of scenarios.
Settling a Claim in Madagascar Proves the Value of Insurance
Johannesburg, South Africa, December 13, 2021/ — Africa Risk Capacity Limited (ARC) recently paid out $350,000 to farmers in a corner of Madagascar after a drought, proving the value of insurance in building resilience.
Why Early Access to Retirement Savings in South Africa Is a Risk
Getty Images Bomikazi Zeka, University of Canberra The COVID-19 pandemic has put a financial strain on businesses, households and individuals. It’s leading more older adults to retire early, according to recent research. This means retirees could be making increased claims on social security benefits.
Nigeria Launches eNaira – Africa’s First Digital Currency
Nigeria has become the first country in Africa to launch its own central bank digital currency. Find out how the eNaira will work and what its benefits will be. Nigeria has launched Africa’s first central bank digital currency (CBDC).
UNDP Report: 70% Ghanaians Have No Access to Insurance
Accra, Ghana//-Ghana’s population is facing a risk of uninsured citizens although the country can boast of about 44 insurance firms, comprising of 17 life insurance companies and 27 non-life insurance companies, according to data from the National Insurance Commission (NIC).
Allianz: Companies Need to Strengthen Cyber Controls to Counter Ransomware Pandemic
During the Covid-19 crisis another outbreak has happened in cyber space: a digital pandemic driven by ransomware. Malware attacks that encrypt company data and systems and demand a ransom payment for release are surging globally.
Ghana: Enterprise Insurance Holds Discussion on Motor Insurance
Accra, Ghana//-Enterprise Insurance Company Limited (EIC), a leading insurer in Fire, Marine, Motor, General Accident & Specialized Insurance solutions in Ghana has held a day’s discussion on Motor Insurance claims processes.