The President of the Ghana Insurers Association (GIA), Mr Seth Kobla Aklasi, has called on stakeholders in the insurance industry to adopt Artificial Intelligence (AI) as a catalyst for innovation and operational efficiency.

Speaking at the opening ceremony of GIA’s 3rd Annual International Educational Seminar in Accra, Mr Aklasi underscored the immense potential of AI in revolutionising insurance operations.

“AI-enabled tools can process claims in real time, especially in the medium to short term. Additionally, AI can assess accidents instantly and credit accounts immediately,” he said.

Mr Aklasi stressed the urgent need for the Ghanaian insurance industry to align with global trends and international best practices, highlighting innovation as key to resilience and competitiveness.

Running from 14th to 16th May 2025, the three-day seminar is themed: “Innovating Together – Building a Resilient Insurance Future.” It seeks to equip local practitioners with global insights while contributing to Ghana’s broader economic development.

The event has brought together leading insurers and reinsurers in Ghana, alongside experts in marketing, IT, corporate communications, economics, and management, to foster cross-disciplinary collaboration.

Also addressing the gathering, the Acting Deputy Commissioner of Insurance, Mr Bernard Ohemeng-Baah, reaffirmed the National Insurance Commission’s (NIC) support for the sector.

“The NIC will provide the enabling environment by listening, collaborating, and leading with industry captains. This partnership is crucial to driving innovation and efficiency within the insurance ecosystem,” he noted.

Sponsored by WAICA Re, the seminar will serve as a platform for capacity building, peer learning, and networking. Five expert discussants—including Mulenga Mutati, President of the Zambia Insurance Association—will lead key sessions.

In the area of life insurance, prominent speakers include:

• Nashiru Iddrisu (Hollard Life Insurance)
• Mrs Kakra Duffuor-Nyarko (Star Life Assurance)
• Maame Dufie Achampong-Kyei (Glico Life Insurance)
• Emmanuel Jonah (GN Reinsurance)
• Alfred Ludwig Kissiedu (Red Pear Communications)

Other featured speakers are Dr Kwaku Appietu-Ankrah (Ghana Re Plc), Mr Farris E. Attrickie (Priority Insurance), Mr Charles Graham-Mensah (Glico General Insurance), Mrs Freda Larbi (Enterprise Insurance), and Prof Patrick Assuming (University of Ghana).