GHANA ECONOMIC FORUM 2021: Do we need to institute a compulsory minimum Cyber Risk Insurance Policy Coverage looking at the digitization drive in Ghana?”.

GHANA ECONOMIC FORUM 2021: Do we need to institute a compulsory minimum Cyber Risk Insurance Policy Coverage looking at the digitization drive in Ghana?”.

Dr. Arkebe Oqubay, Minister and Special Assistant to the Prime Minister of Ethiopia said instead of prescriptions from outside, which in most cases do not work, African countries were better off looking for solutions within to solve their challenges. (GNA, 2019) The Ghana Economic Forum was incepted in 2012 to bring together captains of industry […]

Read More »
Insurers must rethink about the SMEs!

Insurers must rethink about the SMEs!

The Ghanaian economy is traditionally divided into three sectors; namely, the agricultural sector, the service sector, and the industrial sector. With a growth rate of 24.3 percent of GDP in 2016, the manufacturing sector still stands in its typical second place among the five industrial subsectors of Ghana. About 9% of Ghana’s GDP consists of […]

Read More »
Can my Negligence be insured?

Can my Negligence be insured?

An Accra High court has fined the 37 Military Hospital an amount of ¢1,075,000 for medical negligence which resulted in the death of a 27-year-old pregnant woman. The court ruling is the outcome of a suit filed by the plaintiffs (father and the husband of the deceased, a retired Captain of the Ghana Armed Forces) […]

Read More »
Why Public Liability Insurance is essential and compulsory!

Why Public Liability Insurance is essential and compulsory!

The public which is the people of a country in every area or community is at risk from the activities of others within the same area. These could be negligent or fault from other activities that could cause harm, injury to others, or even death. Liability insurance is a system of risk financing to protect […]

Read More »
Claims Payment is Everything; Get it right Insurers!

Claims Payment is Everything; Get it right Insurers!

Everything negative – pressure, challenges – is all an opportunity for me to rise, Kobe Bryant. It attracted my attention, a statement by the transport minister on behalf of the government concerning the recent Tema tollbooth motor accident. The Government has assured footing all medical bills of all the victims injured on Monday, 5th July […]

Read More »
Insurance and Risk Management are the Pillars for Ghana’s Industries Growth

Insurance and Risk Management are the Pillars for Ghana’s Industries Growth

Introduction If you think risk management and insurance are expensive, then try crisis management. COVID-19 has given us a better platform to analyze them. “What if?” is the simple question responsible for igniting invention, ingenuity, and even revolution throughout the history of business. “What if” most importantly prepares our mindset to identify risks associated with […]

Read More »
Solvency of an Insurer is Key; the role of the Regulator!

Solvency of an Insurer is Key; the role of the Regulator!

Introduction There is a critical role insurance play in the society or the economy of every nation or country. The roles and contributions of insurance expand across social, financial, and economic developments. The activities of insurance companies go beyond national territories. A critical example could be derived from the attack on the world trade center. […]

Read More »