Private insurance companies are not our competitors but allies in space & More Latest News Here

play the videoDr Okoe Boye is Director of the National Health Insurance Scheme

The director of the National Health Insurance Authority, Dr. Bernard Okoe-Boye, has urged private insurers to step up their game to grab a sizable share of the insurance market in Ghana.

According to him, around 15 million Ghanaians are registered with the national insurance scheme, leaving around 13 million and more who can be registered with private insurance.

Speaking at the Ghana Insurance Awards on August 26, 2022, he said that private insurers do not compete with domestic insurers, urging them to duly leverage the market.

He said: “As we speak, around half a million Ghanaians are registered with private insurers. National health insurance has about 15 million active people and we have a population of 30 million.

“It means we have the ability to register nearly 13.5 million people on private insurance, so it’s a great opportunity and I’d like to challenge those in the private space to push harder. We Don’t see private insurers as competitors, we are allies in the space. Whether you’re insured privately or publicly, the good news is that you’re insured. And that’s what we care about as State as government as authority,” he added.

The 5th Ghana Insurance Awards ceremony was held in Accra and many industry leading players won awards on Friday 27th August 2022.

The event, which saw the largest gathering of insurance industry players gathered at the Kempinski Hotel, was set to honor and reward achievement and leadership in various key areas of the insurance industry.

The award categories cover life and non-life companies, reinsurers, brokerage firms and other intermediaries, health insurers, actuarial firms and other insurance service providers.

According to the jury, the GI Awards are part of “our vision of rewarding excellence and creating a space of recognition to foster good corporate governance as well as to stimulate distinctive innovations and sustainable growth in terms of awards. ‘insurance combined with the profitability of the company’.

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