Insurance

Fraudulent Claims Pose A Threat To The Insurance Industry – Yeboah-Asuamah
09 Oct

Fraudulent Claims Pose A Threat To The Insurance Industry – Yeboah-Asuamah

wontumionlineBusiness,
Chief Executive Officer of MiLife Insurance Company, Kwaku Yeboah-Asuamah, has expressed grave concern over attempts by some people to fraudulently obtain claims from insurance companies. He said the threat of insurance fraud was becoming a major concern, which if not addressed, could put the entire insurance industry at risk. Yeboah-Asuamah stated that, “Fraudulent claims divert resources meant for genuine cases, putting the entire system at risk." “Let me be clear, fraud is illegal, and those involved could face severe consequences, including jail term." “For example, we have encountered cases where professionals falsely reported the deaths of their parents, only for…
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Woman Arrested For Murdering Husband, Three Children Over Insurance Payout
17 Nov

Woman Arrested For Murdering Husband, Three Children Over Insurance Payout

wontumionlineNews,
A woman who has been accused of murdering five members of her family for the insurance payout was arrested on today. The woman allegedly killed her police officer husband, her son who was at university, her two daughters, and her cousin. But police say there could be more victims of the alleged serial killer and that they are investigating the funeral insurance policies the woman took out with several service providers. National police spokesperson Brigadier Athlenda Mathe said the suspect was arrested in Centurion, Gauteng, in an operation led by the South African Police Service (SAPS) in collaboration and with…
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Insurance, Securities And Pensions Sectors Promoting Financial Resilience – 2nd Dep Governor
05 May

Insurance, Securities And Pensions Sectors Promoting Financial Resilience – 2nd Dep Governor

wontumionlineBusiness
Second Deputy Governor of the Bank of Ghana (BoG), Elsie Addo Awadzi has indicated that a lot has been done and is being done to scale up financial inclusion and access to finance in Ghana. She said whether through the introduction of the post office bank system in the 1960s to provide banking services to the unbanked, the licensing regime for rural and community banks in the 1970s to promote financial intermediation in the remotest parts of the country, the introduction of the savings and loans sector in the 1990s and the microfinance sector in the mid-2000s, the introduction of branchless banking…
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