It can be difficult to assign a definition of what an insurance firm is. However, in a broad definition, the term insurance is a guarantee of reimbursement for a possible loss that the insured or their group could be faced with in the near future. It is that can be purchased with a regular and regular installment.
Top 10 Insurance Companies in Ghana
The goal of insurance is as a protection to the business or individual against the possibility of losses that pose an imminent threat to their financial security. In this regard it is important to find the top companies that can provide you with a guarantee of security for your personal and property.
1. State Insurance Company
SIC is a well-known insurance firm that is a household name in Ghana with branches scattered throughout the nation. With around 1400 shareholders registered on the platform SIC can be considered to be one of the major players in the field of non-life insurance.
The insurance company is responsible for damages mostly within the marine industry including accidents oil and gas and also travel. They are highly regarded for their excellent customer service and professionalism when it comes to their work.
2. Enterprise Insurance Company
The company that provides insurance was established in 1924. it has served the country since then with the supply of mouth-watering insurance plans. They are able to aid their clients in tackling financial and physical losses and also help clients secure their financial future.
The branches of the company are scattered across the nation and are situated at strategic locations which puts them in the radar. The company is committed to delivering the most life-changing results for its customers.
3. Hollard Insurance
The company was founded in 1993, and it was initially known as Madison Insurance, which was changed four years later and changed to Metropolitan Insurance Company.
The company started all-around operations in 2015. It was after making steps to diversify its offerings into the supply of additional personal and commercial products. The company currently is represented located in Kumasi, Tamale, Takoradi and Tema.
The products offered by the company include bonds, indemnity, engineering insurance, fidelity guarantee and transit goods insurance. burglary insurance, fire assurance, insurance for travel personal accident insurance, executive insurance protection and a variety of other.
4. Priority Insurance Company
It is among the most reputable insurance companies that operate in Ghana and in 2014., the company was recognized as the 3rd fastest-growing insurance company in Ghana.
The company has more than 7 years of experience. They have a team who are well-motivated to take care of all your insurance requirements.
The company’s products include motor insurance transportation goods insurance indemnity, third party liability advanced loss of profit bonds, business interruption fire insurance and marine insurance as well as construction insurance.
5. Activa Insurance
The company is part of the Pan-African Insurance group, and they are ranked as the 7th largest insurance company in the nation.
Activa has been licensed by the government to offer for its clients the most effective insurance options to safeguard their interests in every way.
They offer these products such as accidental damage, personal accidents group accident insurance for homeowners motor insurance, travel insurance 3rd party liability insurance and many more.
Their headquarters are located in Accra and they also have branch offices located that are located in Tamale, Takoradi, Tema and Kumasi
6. Metropolitan Insurance
In terms of Metropolitan Insurance, it is an insurance company that has international exposure as well as a deep understanding of local markets in order to provide the highest quality of services to their customers. They offer investment and risk solutions that focus on fulfilling the requirements of their customers in any option they pick together.
It is among the most reputable insurance firms in the nation and their products include the group funeral umbrella masterplan plus, perpetual disability credit life insurance plan, retirement, school finance Cash Plan, many more.
The headquarters are located within Accra and they also have locations located in Takoradi, Tarkwa, Akosombo, Kumasi, Obuasi, WeijaTema and Bibiani.
7. Milife Insurance
The company was founded in 2005. they have been ranked as 17th in the top insurance firms in the nation. The firm was ranked as the 8th highest efficient insurance company in Ghana.
They have branches throughout the country. With an estimated capital of GHS 57 million it is considered among the top capitalized insurance companies in the nation.
Their primary focus is to provide them with lower costs and more easily affordable savings, and to improve their lives.
Products include Keyman life, Mortgage life, Credit life, Group life, miWay, miEducation, miKids, miLegacy, miTribute.
The headquarters is located located in Accra and they also have branch offices located within Kumasi, Takoradi, Koforidua, Tamale and other parts of the country.
8. Allianz Insurance
The company offers a broad variety of products developed to enhance clients’ lives and have been serving the nation for several years in the past.
A member with the Alliance Group of Germany, the global experience of the firm has assisted them to gain credibility with their customers in Ghana. They are considered to be one of the top insurance companies in the country and are licensed with Ghana’s Ghana insurance regulator.
The products consist of Auto Insurance, health insurance investment and savings homeowners insurance, and travel insurance.
Their head office is in Accra.
9. African Life insurance
This company makes providing of life insurance to firms or groups as well as people in Ghana. The company is licensed through Ghana’s National Insurance Company of Ghana.
The company’s products include Microinsurance, Care Keyman Plan, Care Mortgage, Care Credit, Care Group, Care education, Care Funeral. The company’s headquarters are in Accra They have branches in Kumasi and Accra as well.
10. Old Mutual Assurance
Originating from South Africa, Old Mutual is a leading financial services company and is included on both the Johannesburg and London Stock Exchange. The most trusted insurance firms in the nation, Old Mutual has a broad range of services that assure that their customers are getting the best services. It
The products include Life insurance for groups, Credit life insurance, travel insurance and Education plans.