The lukewarm attitude by successive governments to insure state-owned properties should be a matter of concern to all Ghanaians, according to the Group Chief Executive of Hollard Ghana, Patience Akyianu.

For several years, appeals and petitions to governments to protect third parties through insuring public assets have proven futile.

It is estimated that the insurance sector could rake in billions of cedis if government properties are insured – a move expected to boost penetration of the sector significantly.

But according to the Hollard Group leader, not only is the dwindling penetration rate as a result of the situation a matter of concern, but the lives of innocent third parties are being taken for granted.

“You go into a government building for instance which is not insured and something happens to you and because of that you cannot claim, should you not be worried?” she said.

Mrs. Akyianu added, “it is not a matter for the industry, it is a matter for Ghanaians to be concerned about and for me, I think the conversations are in the right direction. So we all do the right thing.”

The situation puts occupants and others who transact business in such facilities at risk in the event of a disaster.

The National Insurance Act, Act 742 of 2006 as well as the new Act 2021 Act 1061 mandates all commercial building owners to insure such property.



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