The list of top 10 insurance companies in Ghana, 2022

Insurance has developed as a means of protecting people’s assets from loss and uncertainty. It can be regarded as a social device that helps to decrease or eliminate the risk of death or property loss.

Insurance contributes significantly to society’s overall economic growth by ensuring the smooth operation of processes. By strengthening financial resources, the insurance industry develops financial institutions and reduces uncertainty.

1. Enterprise Insurance Company.

The insurance company was created in 1924, and it has been serving the country by providing mouth-watering insurance packages ever since. Their services are designed to help their clients manage their physical and financial losses while also ensuring their future security.

Their branches are positioned at strategic locations across the country, putting them in the spotlight. Customers will experience life-changing results as a result of the company’s efforts.

2. State Insurance Company

State Insurance Company (SIC) is a well-known insurance firm in Ghana, with locations all around the country. SIC is a key player in the provision of non-life insurance products, with around 1400 shareholders on its platform.

The insurance firm primarily covers damages in the marine industry, as well as accidents, oil and gas, and travel. They are well-known for their outstanding customer service and field professionalism.

3. Hollard Insurance.

The Insurance company was founded in 1993 and was formerly known as Madison Insurance before being renamed Metropolitan Insurance Company four years later.

After diversifying into the provision of other business and personal goods, the insurance company commenced all-around operations in 2015. Kumasi, Tamale, Takoradi, and Tema are currently among the company’s offices.

Indemnity, bonds, fidelity guarantee, engineering insurance, transit goods insurance, fire insurance, burglary insurance, travel insurance, executive insurance, personal injury cover, and a variety of other services are provided by the company.

4. Priority Insurance Company.

This is one of Ghana’s most reputable insurance businesses, and they were ranked as the country’s third fastest growing insurance company in 2014.

The company boasts a strong workforce that is well motivated to attend to all of your insurance needs, as well as over 7 years of expertise.

Motor insurance, transit goods insurance, indemnity, 3rd party liability, advanced loss of profits, business interruption, bonds, fire insurance, theft, marine insurance, and construction insurance are among the company’s products.

5. Activa Insurance.

The company is a member of the Pan-African Insurance group, and they are rated as the 7th biggest insurance firm in the country.

Activa is licensed to give the greatest insurance services to their consumers, ensuring that their interests are protected in every way.

They provide goods such as accidental damage, personal accident, group accident, homeowners insurance, travel insurance, third-party liability motor insurance, and so on.

Their headquarters are in Accra, with offices in Tamale, Takoradi, Tema, and Kumasi.

6. Metropolitan Insurance.

Metropolitan Insurance, for example, is a company that blends international exposure with local market knowledge to provide the finest services to its clients. They offer investment and risk management services that are tailored to match the needs of their clients, regardless of the package they choose.

It is one of the country’s leading insurance firms, with products such as group funeral umbrella, masterplan plus, permanent disability, credit life plan, school finance, retirement, the cash plan, and many more.

The head office is located in Accra and they have other branches in Takoradi, Tarkwa, Akosombo, Kumasi, Obuasi, WeijaTema, and Bibiani

7. Milife Insurance.

The company was founded in 2005 and is currently ranked as the 17th top insurance agency in the country. The company was regarded as Ghana’s eighth best performing insurance provider in August 2017.

They have branches all over the country, and with a capital of around GHS 57 million, they are one of the country’s most well-capitalized insurance companies.

Their aim on their consumers is to provide them with more inexpensive and accessible savings opportunities, as well as to improve their lives.

Keyman life, Mortgage life, Credit life, Group life, miWay, miEducation, miKids, miLegacy, and miTribute are some of the products available.

The company’s headquarters are in Accra, with branches in Kumasi, Takoradi, Koforidua, Tamale, and other districts of Ghana.

8. Alliance Assurance.

This insurance company offers a diverse selection of items designed to improve the lives of its customers, and it has been serving the country for several years.

The insurance company’s international experience has helped them gain the trust of its clientele in Ghana. It is a subsidiary of the Alliance Group of Germany. The Ghana Insurance Commission has licensed them as one of the greatest insurance firms in the country.

Auto insurance, health insurance, investments and savings, homes insurance, and travel insurance are among the services offered. Their headquarters are in Accra.

9. African Life Insurance

The business specializes in providing life insurance to businesses, organisations, and people in Ghana. The National Insurance Company of Ghana has granted them a license.

Microinsurance, Care Keyman Plan, Care Mortgage, Care Credit, Care Group, Care Education, and Care Funeral are some of the company’s products. They have branches in Kumasi as well as their head office in Accra.

10.

Old Mutual is a premium financial services business based in South Africa that is listed on the Johannesburg and London Stock Exchanges. Old Mutual, one of the most reputable insurance firms in the country, offers a wide range of services to ensure that their customers receive the best possible service.

Group life insurance, credit life insurance, vacation insurance, and an education plan are some of the products available.

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