The public has been informed about the different insurance plans accessible to them by the insurance firms that took part in the inaugural insurance fair held by the Ghana Insurance Association (GIA) in partnership with Graphic Business.
The three-day event, which took place during the month of June 2022 and lasted from last Wednesday, June 22, to last Friday, June 23, was a part of Insurance Awareness Month.
Additionally, it was intended to increase insurance penetration and to further the nation's insurance education. "Deepening Insurance Awareness to Engender and Enhance Public Confidence in Ghana" was the topic of the event.
The public was given an explanation of the many items available from each of the firms by representatives. These include things like automobile insurance, fire insurance for buildings (such homes and hotels), marine insurance, aviation insurance, and travel insurance, to name a few.
Companies at the show acknowledged the need to take public education much more seriously and not just leave it to the regulator.
They recognise the necessity to develop unique methods for educating people using all media and digital channels as separate businesses.
Maureen Ablordeppey, Head of Retail at Donewell Insurance Company Limited, recommended the general people to always make an effort to understand policies so they are aware of what they stand to gain.
Before you leave the premises or sign on, inquire. Once you have your premium calculated correctly, you should be aware that insurance companies are in the business of settling claims.
"All you need to do is get our information to you, talk to us, and we'll pay you right away," she said. The unit provides a variety of non-motor insurance products from which the public can select, according to Kwasi Ofori Kuragu, Head Special Risk at Donewell.
According to Enterprise Insurance's Senior Manager in charge of Quality Assurance, Michael Larbi, the company offers several types of insurance for people and businesses as a member of the Enterprises Group.
He said that Acacia Health, which offers health insurance plans, is the most recent member of the organisation.
We feel that the many sorts of policies we have were created to meet the demands of the general public. We are not sluggish; instead, we are aggressive and imaginative. We settle claims quickly, therefore you should get insurance with us," he stated.
According to Mark Addison, Enterprise Insurance's Head of Marketing and Communication, the business recently launched four distinctive new personal insurance products in partnership with KEK Brokers.
The items include pet insurance, home advantage, third party amplification, and the pump extra (as a stand-alone product for customers who own pets to be able to insure them).
The third party amplified, which covers three parts of the vehicle—the windshield, side mirrors, and small scratches—was developed after we considered market demands. You may now get protection for your own car in these three locations for an extra cost, he said.
According to Christopher Oji, a spokesman from Loyalty Insurance, the company is entirely owned by Ghanaians and provides general business insurance.
He claimed that the business offers exclusive items like Loyalty Motor Comprehensive that provide clients with extra perks.
"When you pay your subscription, you automatically receive a certain amount of money. He added: "With our home owner's insurance, you are also appropriately compensated, like with a component of your property.
In the next five years, he stated, the corporation plans to digitise every aspect of its operations. Edem Awuku Segbedzie, the head of marketing at Millennium Insurance, described the firm as a non-life insurance provider with a young workforce at the moment.
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