The lukewarm attitude by successive governments to insure state-owned properties should be a matter of concern to all Ghanaians, according to the Group Chief Executive of Hollard Ghana, Patience Akyianu.
For several years, appeals and petitions to governments to protect third parties through insuring public assets have proven futile.
It is estimated that the insurance sector could rake in billions of cedis if government properties are insured – a move expected to boost penetration of the sector significantly.
But according to the Hollard Group leader, not only is the dwindling penetration rate as a result of the situation a matter of concern, but the lives of innocent third parties are being taken for granted.
“You go into a government building for instance which is not insured and something happens to you and because of that you cannot claim, should you not be worried?” she said.
Mrs. Akyianu added, “it is not a matter for the industry, it is a matter for Ghanaians to be concerned about and for me, I think the conversations are in the right direction. So we all do the right thing.”
The situation puts occupants and others who transact business in such facilities at risk in the event of a disaster.
The National Insurance Act, Act 742 of 2006 as well as the new Act 2021 Act 1061 mandates all commercial building owners to insure such property.
Latest Stories
-
AWUSCO develops 6-year Scientific Strategic Plan towards digital transformation
8 mins -
May Day: I’m prepared to work with you again to meet Ghana’s needs – Mahama assures workers
11 mins -
Build digital skills to enhance employability – KNUST Vice-Chancellor urges students
23 mins -
5 simple steps to take when you’re completely emotionally exhausted so you can get your fire back
1 hour -
Fatawu Issahaku wins Leicester City Young Player of the Year award
1 hour -
Chieftaincy Ministry: Yagbonwura was never asked to stand and greet Akufo-Addo; ignore deliberate misreporting
1 hour -
Chief of Staff hands over new headquarters to Real Estate Agency Council
1 hour -
Should I get back with my ex after he cheated? 5 questions to ask yourself before getting back together
1 hour -
Bright Simons: How SML confused Ghanaian professors
1 hour -
Air Quality: World Bank unveils $1bn guarantee to bolster clean air projects globally
1 hour -
Chop bar owner fingered in 3 murder cases denies involvement
2 hours -
Esinam Osei: Postpartum depression and me
2 hours -
Clean Air Fund and People’s Dialogue install new sensors in slum communities to fight lethal emissions
2 hours -
Dennis Agyei Boateng: The vital role of development communication experts in Ghana’s policy implementation
2 hours -
May Day: There’s nothing for the Ghanaian worker to celebrate about- NAGRAT Vice President
2 hours