Blog - Page 2 of 7 - Jusbel Risk Consult Ltd

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 […]

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 […]

Are you fascinated about Customer Appreciation Week or it should be (24/7) *52weeks? A fair question to Insurers!

Customers feel more appreciated when we meet or exceed their expectations. A customer, when he engages with a business, it’s not merely an exchange of monetary value. Along with the cash, he is also handing over his trust to the business. And if for some reason he is unhappy in that transaction, he’d be let […]

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 […]

The Ten (10) Things You need to know before You sign a Life Insurance Policy!

Life insurance covers your life and also has provisions to provide a savings and investment avenue. Life insurance is a long-term contract and requires you to pay the premiums in monthly installments. Life insurance can be done for any value based on the premium the policy holder is willing to pay. Life presents us with […]

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) […]

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 […]

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 […]

THE NATIONAL HEALTH INSURANCE SCHEME: SEPARATING SERVICE PROVIDER FROM REGULATOR

The National Health Insurance Scheme was set up by an Act of parliament in 2003 as a means to fulfill the Universal Health Coverage (UHC). This means that all individuals and communities receive the health services they need without suffering financial hardship. Insurance in general within our jurisdiction lacks public trust and confidence. This is […]

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 […]