NIC names 130 insurance firms in good standing

by Business Zone

The National Insurance Commission has released names of insurance firms that are in good standing as of 31st October, 2020.

This is in compliance with the Insurance Act 2006 (Act 724).

The licensed firms are 130 and they comprise of 17 Life Insurance Companies, 23 Non-Life Insurance Companies, 3 Reinsurance Companies and 87 Insurance Brokers and Loss Adjusters.

Life Insurance Companies

The following are Life insurance companies in good standing as at end of October 2020.

Life Insurance Company

      Allianz Life Insurance Company Limited

      Donewell Life Insurance Company Limited

      Exceed Life Assurance Company Limited

      Enterprise Life Assurance Company Limited

      First Insurance Company Limited

      Ghana Union Assurance Life Company Limited

      Glico Life Insurance Company Limited

      Hollard Life Assurance Company Limited

      Metropolitan Life Insurance Ghana Limited

      miLife Insurance Limited

      Old Mutual Assurance Ghana Limited

      Phoenix Life Assurance Company Limited

      Prudential Life Insurance Ghana

      Saham Life Insurance Ghana Limited

      SIC Life Insurance Company Limited

      StarLife Assurance Company Limited

      Quality Life Assurance Company Limited

Non – Life Insurance Companies

The following are non-life insurance companies in good standing as at end of October 2020.

Non-Life Insurance Company

Activa International Insurance Company Limited

Allianz Insurance Company Limited

Best Assurance Company Limited

Donewell Insurance Company Limited

Enterprise Insurance Company Limited

Ghana Union Assurance Company Limited

Glico General Insurance Company Limited

Hollard Insurance Ghana Limited

Imperial General Assurance Co. Ltd.

Loyalty Insurance Company Limited

NSIA Ghana Insurance Company Limited

Phoenix Insurance Company Limited

Prime Insurance Company Limited

Priority Insurance Company

Provident Insurance Company Limited

Quality Insurance Company Limited

Saham Insurance Ghana Limited

Serene Insurance Company Limited

      SIC Insurance Company Limited

      Star Assurance Company Limited

SUNU Assurance Company Limited

      Vanguard Assurance Company Limited

      Wapic Insurance Ghana Limited

Reinsurance Companies

The following are Reinsurance companies in good standing as at end of October 2020

Reinsurance Company

1     Ghana Reinsurance Company

2     GN Reinsurance Company

3     Mainstream Reinsurance Company

Insurance Brokers, Reinsurance Brokers and Loss Adjusters

The following are intermediaries in good standing as at end of October 2020

Company

      All Risks Insurance Brokers Limited

      AllStar Insurance Brokers Limited

      Alpha Insurance Brokers Limited

      AP&L Insurance Brokers Limited

      Apex Insurance Brokers Limited

      ARB Insurance Brokers Limited

      Cardinal Insurance Brokers Limited

      Claim Insurance Brokers Limited

      Crown Insurance Brokers Limited

      Danniads Insurance Brokers Limited

      Felin Insurance Brokers Limited

      Functions Management Insurance Brokers Limited

      GBL Insurance Brokers Limited

      Goldlink Insurance Brokers Limited

      Horizon Insurance Brokers Limited

      Insurance Management Services Limited

      Insurance Solutions Limited

      iRisk Insurance Brokers Limited

      JinG Insurance Brokers Limited

      K&A Insurance Brokers Limited

      KAV Insurance Brokers Limited

      KEK Insurance Brokers Limited

      Khols and Hols Insurance Brokers Limited

      Liberty Insurance Brokers Limited

      Metrix Insurance Brokers Limited

      Midas Insurance Brokers Limited

      NDL Insurance Brokers Limited

      Novelty Insurance Brokers Limited

      Olea M&G Insurance Brokers Limited

      Pacific Insurance Brokers Limited

      Rellius Insurance Brokers Limited

      Ringfence Insurance Brokers Limited

      Riscovery Insurance Brokers Limited

      Risk Partners Insurance Brokers Limited

      Risk Management & Advisory Services (RMAS)

      Safeguard Insurance Brokers Limited

      Safety Insurance Brokers Limited

      Sealand Insurance Brokers Limited

      Strategic Insurance Brokers Limited

      Tri-Star Insurance Brokers Limited

      Visal Insurance Brokers Limited

      Westom Insurance Brokers Limited

      Willis Insurance Brokers Limited

      Boaitey Insurance Brokers Limited

      Lordship Insurance Brokers Limited

      Multinational Insurance Brokers Limited

      Saviour Insurance Brokers Limited

      Dezag Insurance Brokers Limited

      Global Impact Insurance Brokers Limited

      Allied Insurance Brokers Limited

      Afro-Asian Reinsurance Broking Company Limited

      KEK Reinsurance Broking Company Limited

      Visal Reinsurance Broking Company Limited

      iRisk Reinsurance Broking Company Limited

      Worldwide Insurance Brokers Ltd.

      Oak Insurance Brokers Ltd.

      Shield Insurance Brokers Ltd.

      Trans-National Insurance Brokers Ltd.

      Banbo Insurance Brokers Ltd.

      Alhet Insurance Brokers Ltd.

      Arrowclass Insurance Brokers Ltd.

      Prudent Insurance Brokers Ltd.

      Trinity Insurance Brokers Ltd.

      Beulah Insurance Brokers Ltd.

      Insurance Centre of Excellence Insurance Brokers Ltd.

      Expertis Insurance Brokers Ltd.

      Asterisk Insurance Brokers Ltd.

      Ceris Insurance Brokers Ltd.

      Supreme Trust Insurance Brokers Ltd.

      Excel Insurance Brokers Limited

      Ascoma Ghana Brokers Company Limited

      Akoto Risk Insurance Brokers Limited

      First Anchor Insurance Brokers Limited

      Edward Mensah Wood & Associates Limited

      Progressive Insurance Brokers Limited

      Africa Sureties Insurance Advisory Services Ltd.

      Benefits Insurance Brokers Ltd.

      Goldstar Insurance Brokers Ltd.

      Ogyeaman Insurance Brokerage Ltd.

      Planwell Insurance Brokers Ltd.

      Resolute Insurance Brokers Ltd.

      Securisk Insurance Brokers Ltd.

      Spoton Insurance Brokers Ltd.

      GG & B Partners Brokerage Limited

      Titan Insurance Brokers Limited

      Rudder Insurance Brokers Limited

      CoverUniversal Insurance Brokers Limited

Source: BusinessZone Online

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