Insurance

Ghana 2020 - Insurance

After successfully weathering a period of financial instability stemming from the banking sector, Ghana’s insurance industry is growing in size and sophistication. The coming year, however, will bring a fresh set of challenges as the authorities look to roll out a new legislative framework for the industry in 2020, and as companies seek to meet the 2021 deadline for revised capital requirements. Increasing competition and lower investment returns also mean that underwriting performance is under greater scrutiny than in recent years, especially as consumer complaints against the industry rise. Insurers are responding to less favourable conditions by diversifying their distribution channels and taking advantage of mobile technology to reach previously underserved demographics. This chapter contains an interview with Justice Yaw Ofori, Commissioner, National Insurance Commission.

Cover of The Report: Ghana 2020

The Report

This chapter is from the Ghana 2020 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Justice Yaw Ofori, Commissioner, National Insurance Commission (NIC)
Justice Yaw Ofori, Commissioner, National Insurance Commission (NIC): Interview

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