The Deputy Commissioner of the National Insurance Commission (NIC), Bernard Ohemeng Baah, has underscored the importance of innovation, resilience, and cybersecurity in advancing the insurance sector.

Speaking at the 8th Ghana Insurance Awards, Mr Baah urged insurance companies to leverage the government’s newly launched 24-hour economy, noting that the three-shift system presents opportunities for insurers to reimagine their business models and respond to evolving consumer needs.

He further stressed the need for companies to strengthen their cyber resilience as they increasingly rely on technology to drive operations and growth.

The 2025 Ghana Insurance Awards (GIA) honoured 16 companies and six individuals for their outstanding contributions to Ghana’s insurance industry. Powered by PayAngel, the awards aim to celebrate achievements and innovations that set benchmarks in corporate social responsibility, industry standards, product development, and stewardship.

Over the years, the annual ceremony has grown into a premier event, bringing together top-tier professionals and key industry stakeholders to highlight advancements in insurance management and corporate governance. This year’s categories recognised excellence across life and non-life companies, re-insurers, brokerage firms, intermediaries, health insurers, actuarial firms, and other insurance service providers.

Richard Abbey Junior, Events Director at Xodus Communications Limited, organisers of the awards, emphasised the event’s role in fostering dialogue, networking, and the exchange of best practices in the sector.

The ceremony also featured insights from high-profile speakers including Abdul Razak Baaba, Deputy CEO of the Ghana Investment Promotion Centre (GIPC); Bernard Ohemeng Baah, Deputy Commissioner, NIC; Spencer Quaye, Board Chairman, DVLA; and Rev. Eric Kwapong of Rev. Kwapong Ministries.

Discussions centred on how digital innovation, sustainability, and regulatory compliance are shaping the future of Ghana’s insurance industry.

2025 Ghana Insurance Awards – Winners List

1. Hall of Fame – General Insurance Company of the Year: Enterprise Insurance Limited
2. Bancassurance Leader Award: Absa Bank Ghana Ltd
3. Best Growing Company of the Year: Serene Insurance Company Limited
4. Brokerage Company of the Year: iRisk Management Limited
5. Claims Initiative of the Year: Vanguard Assurance Company Limited
6. CSR Leadership Award (Private Health): Glico Health Insurance Ltd
7. Indigenous Insurance Company of the Year (Private Health): Equity Health Insurance
8. The Major Loss Award: Vanguard Assurance Company Limited
9. Fastest Growing Company of the Year: Imperial General Assurance
10. CSR Leadership Award (Insurance Category): Star Assurance Company Limited
11. ICT Leadership Award: Starlife Assurance
12. Indigenous Insurance Company of the Year: SIC Insurance Company
13. Innovative Product of the Year (Private Health): Equity Health Insurance (Daakye Apomuden Plan)
14. Marketing Initiative of the Year: Sunu Assurance Ghana Ltd (Combo Saver Initiative)
15. Product Innovation Award (General Insurance): Imperial General Assurance
16. Product Innovation Award (Life Insurance): Hollard Life (Asomdwee MSME Insurance)
17. Customer Care Award: Hollard Ghana
18. Unsung Hero of the Year: Wahab Adams Hamidu (Hollard Ghana)
19. Brand of the Year (Private Health): Glico Health Insurance Ltd
20. Brand of the Year (Insurance Category): Glico General Insurance Ltd
21. Private Health Insurance Company of the Year: Acacia Health Insurance
22. General Insurance Company of the Year: SIC Insurance Company
23. Life Insurance Company of the Year: Starlife Assurance
24. CEO of the Year (Private Health): Maame Afriyie Boachie – Glico Health Insurance Ltd
25. CEO of the Year (General Insurance): Frederick Adotey Saka – Vanguard Assurance Company Limited
26. CEO of the Year (Life Insurance): Kakra Duffuor-Nyarko – Starlife Assurance
27. Personality of the Year: Mercy N.K. Boampong – Serene Insurance Company Limited
28. Lifetime Achievement Award: Dr Kwabena Duffuor – Star Assurance Group