2018-09-25 by Admin
Latest National Insurance Commission (NIC) financial report released
recently, have shown that the insurance brokerage business earned a
total of GH¢89.8m in 2017.
A growth of about 66% from 61% in 2016.
Going by the report 10 out of the 78 companies has submitted their
accounts and contributed about GH¢58m representing 67% of the total
income earned in the year under review.
The contributions are KEK Insurance Brokers – GH¢19m representing
23%, Edward Mensah, Wood and Associates – GH¢9m representing 10% and
Willis Towers – GH¢7m representing 8% of the total income earned by the
brokers.
Report also stated that other insurance brokers in the
top ten included Safety Insurance Brokers – GH¢4.5m, Horizon Insurance
Brokers – GH¢3.7m, Crown Insurance Brokers – GH¢2.8m and Risk Management
and Advisory Services – GH¢2.7m.
The rest are Shield – GH¢2.6m, Corporate Trust – GH¢2.2m and Tri-Star
– GH¢2.1m. It will be recalled that insurance broking is a vital area
in the insurance market. The operators are persons who have one time
worked in the direct underwriting companies.
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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
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2018-06-04 by Admin
According to a report by a UK based IT Solutions, Ghana has one of the fastest growing insurance industries in the world.
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2018-06-05 by Admin
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%.
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