Bob ROCO Romeo

  The National Insurance Commission (NIC) will soon hit the metropolitan and district business enclaves of the country to intensify its sensitization and enforcement drive on the compulsory property insurance. This was disclosed by the Commissioner of Insurance, Mr Justice Yaw Ofori in a recent statement.   He indicated that though the Insurance Law, Act 724 of 2006 made it compulsory for privately owned business entities to insure their properties, many are yet to comply. The law, per Sections 183 and 184, makes it mandatory for all commercial properties either under construction or completed, to have valid insurance certificates. The compulsory property insurance is to provide financial protection against legal liabilities arising from accidents that cause property damage, bodily injury or death to the public. Occupiers (tenants) of commercial buildings can also benefit from taking fire insurance on their businesses because they may be held liable to the public. Mr O...

Allianz Life Insurance has been adjudged the Fastest Growing Company at the third edition of the Ghana Insurance Awards held over the weekend. The company which commenced its operations in 2018 picked up the award for the inroads it has made in the highly competitive Ghanaian insurance industry. Commenting on the award, Chief Executive Officer of the company, Gideon Ataraire, expressed his appreciation to their customers for their support since the company launched its operations two years ago. “This award reflects our commitment to offer excellence to our customers. And to a large extent, this would not have been possible without them giving us a chance. Going forward, this means that we will work to improve on the high standards we have set for ourselves. At Allianz Life, this award is going to empower us to do more for our customers,” he noted. The CEO of Allianz Life Insurance, Mr. Ataraire, for his leadership role was shortlisted among the outstanding CEOs in the industr...