Finance

NIC names 130 insurance firms in good standing

The National Insurance Commission has released names of insurance firms that are in good standing as of 31st October, 2020.

This is in compliance with the Insurance Act 2006 (Act 724).

The licensed firms are 130 and they comprise of 17 Life Insurance Companies, 23 Non-Life Insurance Companies, 3 Reinsurance Companies and 87 Insurance Brokers and Loss Adjusters.

Life Insurance Companies

The following are Life insurance companies in good standing as at end of October 2020.

Life Insurance Company
 Allianz Life Insurance Company Limited
 Donewell Life Insurance Company Limited
 Exceed Life Assurance Company Limited
 Enterprise Life Assurance Company Limited
 First Insurance Company Limited
 Ghana Union Assurance Life Company Limited
 Glico Life Insurance Company Limited
 Hollard Life Assurance Company Limited
 Metropolitan Life Insurance Ghana Limited
 miLife Insurance Limited
 Old Mutual Assurance Ghana Limited
 Phoenix Life Assurance Company Limited
 Prudential Life Insurance Ghana
 Saham Life Insurance Ghana Limited
 SIC Life Insurance Company Limited
 StarLife Assurance Company Limited
 Quality Life Assurance Company Limited

Non – Life Insurance Companies

The following are non-life insurance companies in good standing as at end of October 2020.

Non-Life Insurance Company
Activa International Insurance Company Limited
Allianz Insurance Company Limited
Best Assurance Company Limited
Donewell Insurance Company Limited
Enterprise Insurance Company Limited
Ghana Union Assurance Company Limited
Glico General Insurance Company Limited
Hollard Insurance Ghana Limited
Imperial General Assurance Co. Ltd.
Loyalty Insurance Company Limited
NSIA Ghana Insurance Company Limited
Phoenix Insurance Company Limited
Prime Insurance Company Limited
Priority Insurance Company
Provident Insurance Company Limited
Quality Insurance Company Limited
Saham Insurance Ghana Limited
Serene Insurance Company Limited
 SIC Insurance Company Limited
 Star Assurance Company Limited
SUNU Assurance Company Limited
 Vanguard Assurance Company Limited
 Wapic Insurance Ghana Limited

Reinsurance Companies

The following are Reinsurance companies in good standing as at end of October 2020

Reinsurance Company
1Ghana Reinsurance Company
2GN Reinsurance Company
3Mainstream Reinsurance Company

Insurance Brokers, Reinsurance Brokers and Loss Adjusters

The following are intermediaries in good standing as at end of October 2020

Company
 All Risks Insurance Brokers Limited
 AllStar Insurance Brokers Limited
 Alpha Insurance Brokers Limited
 AP&L Insurance Brokers Limited
 Apex Insurance Brokers Limited
 ARB Insurance Brokers Limited
 Cardinal Insurance Brokers Limited
 Claim Insurance Brokers Limited
 Crown Insurance Brokers Limited
 Danniads Insurance Brokers Limited
 Felin Insurance Brokers Limited
 Functions Management Insurance Brokers Limited
 GBL Insurance Brokers Limited
 Goldlink Insurance Brokers Limited
 Horizon Insurance Brokers Limited
 Insurance Management Services Limited
 Insurance Solutions Limited
 iRisk Insurance Brokers Limited
 JinG Insurance Brokers Limited
 K&A Insurance Brokers Limited
 KAV Insurance Brokers Limited
 KEK Insurance Brokers Limited
 Khols and Hols Insurance Brokers Limited
 Liberty Insurance Brokers Limited
 Metrix Insurance Brokers Limited
 Midas Insurance Brokers Limited
 NDL Insurance Brokers Limited
 Novelty Insurance Brokers Limited
 Olea M&G Insurance Brokers Limited
 Pacific Insurance Brokers Limited
 Rellius Insurance Brokers Limited
 Ringfence Insurance Brokers Limited
 Riscovery Insurance Brokers Limited
 Risk Partners Insurance Brokers Limited
 Risk Management & Advisory Services (RMAS)
 Safeguard Insurance Brokers Limited
 Safety Insurance Brokers Limited
 Sealand Insurance Brokers Limited
 Strategic Insurance Brokers Limited
 Tri-Star Insurance Brokers Limited
 Visal Insurance Brokers Limited
 Westom Insurance Brokers Limited
 Willis Insurance Brokers Limited
 Boaitey Insurance Brokers Limited
 Lordship Insurance Brokers Limited
 Multinational Insurance Brokers Limited
 Saviour Insurance Brokers Limited
 Dezag Insurance Brokers Limited
 Global Impact Insurance Brokers Limited
 Allied Insurance Brokers Limited
 Afro-Asian Reinsurance Broking Company Limited
 KEK Reinsurance Broking Company Limited
 Visal Reinsurance Broking Company Limited
 iRisk Reinsurance Broking Company Limited
 Worldwide Insurance Brokers Ltd.
 Oak Insurance Brokers Ltd.
 Shield Insurance Brokers Ltd.
 Trans-National Insurance Brokers Ltd.
 Banbo Insurance Brokers Ltd.
 Alhet Insurance Brokers Ltd.
 Arrowclass Insurance Brokers Ltd.
 Prudent Insurance Brokers Ltd.
 Trinity Insurance Brokers Ltd.
 Beulah Insurance Brokers Ltd.
 Insurance Centre of Excellence Insurance Brokers Ltd.
 Expertis Insurance Brokers Ltd.
 Asterisk Insurance Brokers Ltd.
 Ceris Insurance Brokers Ltd.
 Supreme Trust Insurance Brokers Ltd.
 Excel Insurance Brokers Limited
 Ascoma Ghana Brokers Company Limited
 Akoto Risk Insurance Brokers Limited
 First Anchor Insurance Brokers Limited
 Edward Mensah Wood & Associates Limited
 Progressive Insurance Brokers Limited
 Africa Sureties Insurance Advisory Services Ltd.
 Benefits Insurance Brokers Ltd.
 Goldstar Insurance Brokers Ltd.
 Ogyeaman Insurance Brokerage Ltd.
 Planwell Insurance Brokers Ltd.
 Resolute Insurance Brokers Ltd.
 Securisk Insurance Brokers Ltd.
 Spoton Insurance Brokers Ltd.
 GG & B Partners Brokerage Limited
 Titan Insurance Brokers Limited
 Rudder Insurance Brokers Limited
 CoverUniversal Insurance Brokers Limited