The National Insurance Commission (NIC) has indicated it is developing a database on compulsory commercial fire insurance.
This came to light at a two-day training programme for cadets of the Ghana National Fire Service (GNFS) at the Fire Academy and Training School (FATS) in Accra.
Aimed at creating awareness on insurance and its related issues, the exercise saw participants undergo training in basic principles of insurance, fire insurance and risk management.
According to Justice Yaw Ofori, Commissioner of Insurance, the training forms part of a structured campaign by the NIC to create insurance awareness among all security agencies and allied bodies.
“I am delighted about the prospects of this training as it coincides with the development of a database on Compulsory Commercial Fire Insurance by the NIC,” he stated.
Dr. Ofori added that “when personnel of the Fire Service are well educated on insurance, they can also encourage others to appreciate the need for insurance as a risk management tool.”
Director of the Ghana Insurance College, Richard Okyere, disclosed that the college had so far trained about 5,000 out of a targeted 10,000 since the NIC started funding the training of the youth as insurance agents in July 2019.
Such move, Mr. Okyere said, had created employment in the insurance industry for many young people.
Commandant of FATS, ACFO, Gilbert Klutse, advised the trainees to take advantage of the exercise in order to serve as worthy ambassadors for insurance protection, homes and corporate entities in the course of their career.
“Whereas the GNFS is committed to sensitizing the citizenry and protecting homes, businesses, as well as other forms of properties against the ravages of fire and other disasters, the insurance industry which is regulated by the NIC provides the needed shock absorbers to alleviate the economic impacts of these incidents on victims, if they do occur,” he acknowledged.
Source: ghanaweb.com
Share On Social Media
Third-party insurance premiums up from January 1; ¢482 for private cars and ¢637 for taxis
Read More
Why Buy Insurance ?
There will be no need for insurance if we are living in a perfect world on this planet called EARTH. Our goods would always arrive at their destination
Read MoreEmerging Trends In Ghanaian Insurance Market An Overview
According to a report by a UK based IT Solutions, Ghana has one of the fastest growing insurance industries in the world.
Read MoreTop 10 Insurance Brokers In Ghana
Ghana 2016 68 Insurance brokering companies that operated in Ghana in 2016 earned Income of GHC 73,144,221 in 2016 representing growth rate of 12%.
Read More
