Hollard Ghana, with subsidiaries Hollard Insurance and Hollard Life Assurance, has partnered with Ghana Enterprises Agency (GEA) to launch Asomdwee, a product for Micro, Small, Medium-sized Enterprises (MSMEs).

The comprehensive product, which loosely translates as ‘peace of mind’, covers growing businesses’ property, public liability, and life insurance.

Asomdwee offers three tailor-made insurance packs; namely, bronze, silver and gold depending on the size and nature of business with premiums as low as ¢360, ¢910 and ¢2,310 for coverage as high as ¢300,000.

Speaking at the launch ceremony at Hollard Ghana’s head office, the Group CEO Patience Akyianu described the partnership as an industry’ first that serves MSMEs exclusively.

“In our quest to enable more people to create and secure a better future, we have partnered with Ghana Enterprises Agency to offer an off-the-shelf MSME insurance product that will protect business owners, employee’s welfare, and their business assets from unexpected incidents.

“The beauty of Asomdwee is that regardless of the package the MSME opts for, they enjoy coverage for; permanent total disability, critical illness, death, burglary, public liability and fire & allied perils at flexible premiums”.

Hollard Ghana and GEA partner to launch Asomdwee Insurance Policy for MSMEs

“Achieving a financially inclusive society requires a system that supports varying business sizes. We’re doing what we can towards this goal. Our collaboration with GEA is made to suit their unique risks. Through Asomdwee, business owners can bounce back to their feet”, she added.

On her part, the CEO of Ghana Enterprises Agency, Kosi Yankey-Ayeh, said the launch of Asomdwee is very timely and relevant as it emphasizes the importance of insurance and risk mitigation strategies.

“The world is changing and transforming at a rapid pace, and COVID-19 has emerged to accelerate this transformation. The new dynamics necessitates the development of new strategies. Yes, indeed, sustainable ones.

“Hence, partnering with an insurance institution such as Hollard will help in the development of the world-class MSMEs we aspire to see, those capable of standing on their ‘own’ two feet in times of any eventualities and throughout their business cycles”.

“GEA and Hollard Insurance are stepping out to break down business sustainability with insurance products that allow all businesses, irrespective of the size of your wallet, to save and invest in insurance products that will help them prepare for the future”. She added

Asomdwee is a simple product crafted in an easy-to-understand language with a seamless claims process with no waiting period. It is currently available to all registered business owners between the ages of 18 to 65 years.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.