Blog - Jusbel Risk Consult Ltd

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 […]

AN OPEN LETTER TO THE CHIEF OF STAFF ON INSURING GOVERNMENT VEHICLES

The current chief of staff of Ghana is Madam Akosua Frema Osei-Opare who many people have described as a true mother. She gives out love to many and shows motherly love to everyone that comes her way. She is a politician and an economist. She is from Wiamoase in the Ashanti Region which happens to […]

WHY INSURANCE COMPANIES MAY REPUDIATE YOUR MOTOR ACCIDENT CLAIM AS A THIRD-PARTY VICTIM!

I recently traveled to have the funeral of my late father Hon. Emmanuel Donkor in my hometown, Wiamoase. There was something that caught my attention because I saw it more than twice. I saw people sitting on goods in a moving truck. This is a good carrying vehicle and what will happen to these people […]

Increasing Ghana’s Insurance Penetration – The Ghanaian Farmer in Thought

It is important to state that, in developing countries like Luxembourg, with a GDP of more than $70Billion, insurance penetration as at 2017 was 38.8%. This is followed by countries like Hong Kong/China and Ireland with an insurance penetration rate of 17.9% and 13.6% respectively. In Africa, South Africa has the highest level of insurance […]

INSURANCE CAN LIMIT ORGANISATIONAL OR INDUSTRIAL LIABILITY COST

Maxam Company Limited, the company whose mining truck was involved in the Appiate disaster, has been fined 6 million dollars. According to the statement, Maxam shall pay the fine of one million United States dollars (US$1,000,000.00) or its cedi equivalent at the prevailing commercial rate before the restoration of its permit to manufacture, store, supply, and/or transport […]

The Age of Digital Revolution against the traditional provision of Insurance Business.

Gradually, customers are showing interest in insurers who offer seamless experiences and complete transactions virtually and instantly. Thanks to growing middle class of the society. “Through technology, there are massive improvement in business operations. Procedures are being streamlined whiles costs are being reduced”. The insurance sector continues to be disrupted with new customer-oriented innovations. With […]

BOGOSO APIATSE EXPLOSION –WHAT INSURANCE COULD DO!

My heart is heavy as I write this piece. Initially, I decided not to write but to move forward better as a country compelled me to do this. My deepest condolences go to all Ghanaians, especially the families that have lost their dear ones. This is not the first time I have witnessed a disaster […]

AN OPEN LETTER TO THE VICE PRESIDENT HIS EXCELLENCY DR. MAHAMUDU BAWUMIA ON CYBER INSURANCE AS PART OF THE CYBER SECURITY STRATEGY

It is an honour to have such a hardworking leader who is very well well-informed about the technological development and trends in the world. Your push for digitization in Ghana is commendable Sir. Kindly let me share this quote from John Q. Adams which says, “if your actions inspire others to dream more, learn more, […]

DO ETHICS, REGULATION, AND TECHNOLOGY HAVE ANY IMPACT ON INSURANCE PENETRATION?

Introduction The Chartered Insurance Institute of Ghana had its residential conference at the Rock City Hotel in the Eastern region from the 8th – 11th of December 2021 under the theme, “Increasing Insurance Penetration and Coverage; Role of Regulation, Innovation, and Ethics. Unfortunately, I could not be there but I decided to do a bit […]

MITIGATING CYBER SECURITY RISKS IN LESS DEVELOPED MARKETS; BASIC INSURANCE COVERAGE IS REQUIRED?

Introduction Cyber insurance has been available since the late 1970s, with the market growing out of the tech risk/tech errors and omissions (E&O) space. In the 1980s, the first tech E&O policies that included cybersecurity insurance were introduced, designed primarily for financial institutions and blue-chip organisations. Cyber insurance as a stand-alone product began to take […]