In 2017, Brokers Commission amounted to GHS 86m representing a growth rate of 18%. As shown in Table 3 below, 67% of the total commission income was contributed by the top ten brokers which stood at GHS 58m. With a contribution of GHS 19m, GHS 9m and GH-S 7m representing 23%, 10% and 8%, KEK Insurance, Edward Mensah, Wood & Associates Limited, and Willis Towers maintained their respective positions as 1st, 2nd and 3rd in the sector. KEK Reinsurance and Safety maintianed their 4th and 5th positions respectivelyHorizon and Crown improved to 6th and 7th positions respectively. Corporate Trust and RMAS are the new entrants in 2017 . However Tri-Star declined to 10th position in the year 2017
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Third-party insurance premiums up from January 1; ¢482 for private cars and ¢637 for taxis
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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
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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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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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