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Top Five 5 Leading Insurance Companies in Ghana

Top Insurance Companies in Ghana

Here Are All The Top Five Leading Insurance Companies in Ghana.

An insurance has to do with an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.

The General Public is always advised to make agreement or sign a policy with trusted insurance companies to avoid any kind of inconvenience or insecurity in the of support.

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Below Are The Top Five Insurance Companies in Ghana

1. Enterprise Insurance 

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Enterprise Insurance ranked number one in the country, reporting a growth of 29.1% compared with the previous year’s premium. Its position among the leading general insurance companies remained unchanged over its ranking in the previous year.

2. SIC Insurance 

Ranking number two in Ghana’s general insurance market was SIC Insurance. The company registered a 13.8% growth compared with the premium in 2020. Among the leading general insurance companies, its position remained unchanged when compared with its previous years ranking.

3 The Hollard Insurance (Ghana)

The Hollard Insurance ( Ghana) ranked number three in Ghana’s general insurance market. Compared with previous year’s premium, the company registered a growth 23.4%. Its position among the leading general insurance companies remained unchanged over its ranking in the previous year.

4. Star Assurance 

Star Assurance, which ranked number four in Ghana’s general insurance market, registered a 30.9% growth compared with last year’s premium. Its ranking among the leading general insurance companies in the previous year was five, which now improved to number four.

5. Glico General Insurance 

Glico General Insurance ranked number five in Ghana’s general insurance market. The company registered a growth of 16.9% compared with last year’s premium. From number four position in the previous year, the company’s ranking among the leading general insurance slipped to number five.

The Methodology

This analysis is drawn from GlobalData’s Company LoB Breakdowns Database, which tracks key insurance metrics across segments, categories, and line of businesses for more than 150 markets, globally. The data is sourced from regulatory authority/industry association/company SFCR. This data is mapped to segments and categories as per our standard Industry Native Taxonomy Structure. The calculations are based on premiums standardised by the following order of preference Gross Written Premiums > Direct Written Premiums > Net Earned Premiums > Net Written Premiums. Verdict’s parent company GlobalData provides business information to 4,000 of the world’s largest companies.

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Source : Honestynewsgh.com

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