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Transport operator calls for insurance sector clean-up

A Transport Operator, Alex Kwaku Tetteh has called on insurance regulators and the National Insurance Commission (NIC) to carry out a massive cleanup exercise in the sector.

Addressing the media to demand his unpaid claims from Enterprise Insurance after an Accra High Court ruled in his favour, Mr Tetteh said the exercise is necessary since it will rid the sector of those insensitive to the plight of its contributors.

On his unpaid claims, Mr Tetteh said his current ordeal in reference is a case spanning since 2017 where one of his vehicles accidentally got burnt on 24th August 2017 and all efforts to secure the claims due him have proved futile.

“The matter was sent to the Accra High Court and there was judgment to sit down with the company to resolve matters amicably so my lawyers engaged an insurance broker to intervene but all efforts have been in vain.

“I called this press conference because the role of the media in the reformation of the insurance industry cannot be overemphasized,” he explained.

Insurance companies in Ghana recently seem to be an opportunity for provident individuals and groups to contribute monies to various schemes towards a planned and secured future.

Most of these companies woo their clients to contribute towards unseen predicaments including education, health, and other calamities or disasters including fire outbreaks, burglary accidents, funerals and floods.

How to manage risk effectively has become a priority for insurance companies as the scale of the frequency of disaster and other uncertainties arise with the passage of time.

It is against this background that Mr Tetteh is calling for serious regulations to bring sanity into the insurance sector.

“Enterprise Insurance Company Limited is one of the companies which usually defaults payment of claims. I am a transport operator and I did comprehensive insurance on my high occupancy coach with Enterprise Insurance.

“I am calling on National Insurance Commission and the government to investigate issues on payment of claims at Enterprise since they have failed to meet the payment of claims to their clients,” he said.