insurance firms

26 Sep

Insurance Firms In Ghana To Mobilize Support For Dwindling Blood Banks

wontumionlineBusinessinsurance firms

In the wake of the dwindling number of pints of blood stocked in the country’s hospitals and high cases of blood insufficiency, the National Insurance Commission (NIC) is collaborating with the various bodies in Ghana’s insurance industry to restock blood banks across the country on September 27, 2023. The move aims to save the lives of pregnant women in labour, children, and accident victims among several others who may, at one point or the other, need blood to survive. In a statement issued by the insurance regulator, the blood donation exercise has become imperative with a call on the…

23 Jan

Domestic Debt Exchange: Over 7.5 Million Insurance Policies To Be Affected – CIIG

wontumionlineBusinessChartered Insurance Institute of Ghana, Domestic Debt Exchange, insurance firms, Solomon Lartey

The Chartered Insurance Institute of Ghana (CIIG) is warning that over 7.5 million policies will be affected by the Domestic Debt Exchange (DDE) programme in its current form. According to its President, Solomon Lartey, this is because more than 40% of insurance premiums are invested in government securities, particularly bonds. Speaking to the media at the Investiture Ceremony of the Governing Council of the CIIG, Mr. Lartey said the Domestic Debt Exchange programme will further worsen underwriting losses by insurance firms if the industry is not exempted from the programme. He also pointed out that confidence in the insurance industry…