The National Insurance Commission, NIC, has released a list of insurance companies in good standing as of March 2018 after reports suggest that some of the companies are in financial distress.
The list includes 22 life insurance companies, 29 non-life insurance companies and three reinsurance companies.
The move comes on the back of reports making rounds on social media that some insurance companies are in financial distress.
The NIC is a statement said, “the Commission would like to use your medium to inform the public to disregard these malicious comments, which are vicious attempts by anonymous individuals to tarnish the reputation of these insurance companies.”
The statement added, “The Commission would also like to advise persons engaged in these actions to desist and refrain from such acts since legal action shall be taken against them if found.”
According to the statement, “the Commission has a bureau that investigates and resolves complaints by persons who are of the view that they have been unfairly treated by an insurance company. The public is advised to use this medium to settle any disputes they may have with an insurance company.”
Below is the list of insurance companies in good standing:
Life Insurance Companies
1. Allianz Life Insurance Company Limited
2. Africa Life Insurance Company Limited
3. A-Plus Life Assurance Company Limited
4. Donewell Life Insurance Company Limited
5. Enterprise Life Assurance Company Limited
6. First Insurance Company Limited
7. Ghana Life Insurance Company
8. Ghana Union Assurance Life Company Limited
9. Glico Life Insurance Company Limited
10. GN Life Assurance Company Limited
11. Hollard Life Assurance Company Limited
12. Metropolitan Life Insurance Ghana Limited
13. Old Mutual Assurance Ghana Limited
14. Phoenix Life Assurance Company Limited
15. Prudential Life Insurance Ghana
16. Quality Life Assurance Company Limited
17. Saham Life Insurance Ghana Limited
18. SIC Life Insurance Company Limited
19. StarLife Assurance Company Limited
20. Beige Assure
21. UT Life Insurance Company Limited
22. Vanguard Life Assurance Company Limited
Non - Life Insurance Companies
1 Activa International Insurance Company Limited
2 Allianz Insurance Company Limited
3 Best Assurance Company Limited
4 Donewell Insurance Company Limited
5 Enterprise Insurance Company Limited
6 Equity Assurance Company Limited
7 Ghana Union Assurance Company Limited
8 Glico General Insurance Company Limited
9 GN Insurance Company Limited
10 Heritage Insurance Company Limited
11 Hollard Insurance Ghana Limited
12 Imperial General Assurance Co. Ltd.
13 Loyalty Insurance Company Limited
14 Millennium Insurance Company Limited
15 Multi Insurance Company Limited
16 NSIA Ghana Insurance Company Limited
17 Phoenix Insurance Company Limited
18 Prime Insurance Company Limited
19 Priority Insurance Company
20 Provident Insurance Company Limited
21 Quality Insurance Company Limited
22 RegencyNem Insurance Ghana Limited
23 Saham Insurance Ghana Limited
24 Serene Insurance Company Limited
25 SIC Insurance Company Limited
26 Star Assurance Company Limited
27 Unique Insurance Company Limited
28 Vanguard Assurance Company Limited
29 Wapic Insurance Ghana Limited
1 Ghana Reinsurance Company
2 GN Reinsurance Company
3 Mainstream Reinsurance Company
Reinsurance Contact Offices
1 WAICA Reinsurance Company Limited
Insurance Brokers, Reinsurance Brokers and Loss Adjusters
1 A P & L Consult
2 Afro Asia Reinsurance Brokers
3 AG & Associates Limited
4 Akoto Risk Management Ltd.
5 Alhet Insurance Brokers Limited
6 Allied Insurance Brokers Ltd.
7 All Risks Consultancy Ltd.
8 AllStar Insurance Brokers Limited
9 Alpha Insurance Brokers Limited
10 Anchor Premier Brokers Limited
11 Apex Insurance Brokers Limited
12 ARB Insurance Brokers Limited
13 Ark Insurance Brokers Ltd.
14 Arrowclass Insurance Brokers Ltd.
15 Ascoma Ghana Limited
16 Asterix Insurance Brokers Ltd.
17 Baobab Brokers Ltd.
18 Boaitey and Associates Ltd.
19 Byllwych Ins. Brokers Ltd.
20 Cardinal Brokers Limited
21 Ceris International
22 CLAIM Insurance Brokers Limited
23 Corporate Trust Insurance Brokers
24 Crown Insurance Brokers Ltd.
25 Danniads Limited
26 Dezag Insurance Brokers Ltd.
27 Dynamic Brokers Ltd.
28 Edward Mensah, Wood & Ass.
29 Eureka Brokers Limited
30 Felin Insurance Brokers Ltd.
31 First Anchor Risk Management Ltd.
32 Functions Risk Management Limited
33 GBL Insurance Brokers Ltd.
34 Global Impact Insurance Brokers
35 Goldlink Brokers Ltd.
36 Goodwill Insurance Brokers Limited
37 Horizon Insurance Brokers Ltd.
38 IAM Loss Adjusters & Surveyors Ltd.
39 Ideal Insurance Brokers Ltd.
40 Insurance Centre of Excellence Ltd.
41 Insurance Consultancies International Ltd.
42 Insurance Management Services Ltd.
43 Insurance Solutions Ltd.
44 Inter Africa Brokers Ltd.
45 iRisk Management Ltd.
46 K & A Insurance Brokers Ltd.
47 KAV Insurance Brokers Limited
48 KEK Insurance Brokers Ltd.
49 KEK Reinsurance Brokers Limited
50 Khols & Hols Brokers Limited
51 Liberty Insurance Brokers Ltd.
52 Lordship Brokers Ltd.
53 M & G Insurance Brokers Ltd.
54 Maxpal Intermediaries Ltd.
55 Metrix Brokerage Company Limited
56 Midas Insurance Brokers Ltd.
57 Multinational Insurance Brokers Ltd.
58 NDL Insurance Consult
59 Novelty Brokers Ltd.
60 Oak Insurance Brokers
61 Pacific Ins. Brokers Ltd.
62 Premier Insurance Brokers Ltd.
63 Progressive Insurance Services Ltd.
64 Prudent Insurance Brokers Ltd.
65 RCH Loss Adjusters Limited
66 Reinsurance Solutions Limited
67 Riscovery Limited
68 Risk Management Adv. Serv. Ltd.
69 Risk Partners Ltd.
70 Safeguard Insurance Brokers Ltd.
71 Safety Insurance Brokers Ltd.
72 Saviour Insurance Brokers
73 Shield Insurance Brokers Ltd.
74 Strategic Insurance Consult
75 Supreme Trust Brokers Ltd.
76 Trans-National Ins. Brokers Ltd.
77 Trinity Ins. Brokers Ltd.
78 Tri-Star Insurance Services Ltd.
79 Universal Ins. Consultants Limited
80 Visal Insurance Brokers Ltd.
81 Visal Reinsurance Brokers Ltd
82 Willis Towers Watson Gh. Ltd.
83 Worldwide Insurance Brokers Ltd.
84 Global Reinsurance Brokers Limited
85 J in G Insurance Brokers Limited