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National Insurance Commission (NIC)
The National Insurance Commission (NIC) was established under Insurance Law 1989 (PNDC Law 227) , but now operates under Insurance Act, 2006 (Act 724). The object of the Commission, as detailed in Act 724 is to ensure effective administration, supervision, regulation and control the business of Insurance in Ghana. NIC is mandated to perform a wide spectrum of functions including licensing of entities, setting of standards and facilitating the setting of codes for practitioners. The Commission is also mandated to approve rates of insurance premiums and commissions, provide a bureau for the resolution of complaints and arbitrate insurance claims when disputes arise.
Other responsibilities of the National Insurance Commission (N.I.C) include the provision of recommendation to the sector Minister for policy formulation, supervision of practitioners, enforcement of compliance and public education. The development of strong relationships with regulators from other countries and international bodies such as the IAIS and ensuring the conformity of practitioners to internationally accepted standards are also key mandates of the Commission.
The National Insurance Commission (NIC) was established under Insurance Law 1989 (PNDC Law 227) , but now operates under Insurance Act, 2006 (Act 724). The enactment of Act 724 was a major milestone towards a robust insurance regulatory environment as it empowers and grants adequate powers to the Commission. Together with several other initiatives in the past decade, the new Law provides a strong regulatory framework for Ghana’s insurance industry.
Our Vision
“To Be A Model Insurance Services Regulator In Africa”.
Our Mission
“To Be An Effective Custodian Of The Public Interest Ensuring Financial Soundness Of Insurance Companies And Prompt Attention To Grievances Of Policyholders And Interested Third Parties; And To Act As Catalyst For The Development, Robust Growth And Prosperity Of Ghana’s Insurance Industry”.
Core Values
As part of the new strategic direction of NIC, operations will be guided by our core values. These are:
Departments
Office of the Commissioner
The Office of the Commissioner is responsible for the day-to-day administration of the Commission.
Office of the Deputy Commissioner
The office of the Deputy Commissioner assist in the day-to-day administration of the Commission.
Supervision Department
The responsibilities of the Supervision Department include the following:
Actuarial Unit
The responsibilities of the Actuarial Unit include the following:
Human Resource Planing and Management
Research & Development
Internal Audit Department
The responsibilities of the Internal Audit Department include the following:
Recommend the approval of annual treaty programmes
Recommend local capacities for the various classes of insurance business for the Ghanaian market
Vet applications for overseas reinsurance
AML Unit
The Unit is responsible for the following:
Provides IT systems support
Head Office:
Phone : Email :
030 2 238300 [email protected]
030 2 238301 [email protected]
Fax :
030 2 237248
030 2 246369
Address :
National Insurance Commission
Appiah Ampofo House
67 Independence Ave
P.O.Box: CT 3456,
Cantonments, Accra
Regional Offices
Tamale Area Office
Area Manager: Mr. Joseph A. Akanlagm
Zogbeli – Lamakara Street (Aliu Mahama Street)
P.O. Box 1255
Tamale
Telephone : 03720 23394
Fax: 02720 24933
Kumasi Area Office
Area Manager: Mr. Kofi Baafour Sencherey
Ground Floor
COCOBOD Jubilee House
Asafo, Kumasi
Telephone : 0322081808
Takoradi Area Office
Area Manager: Mr. Justice Peprah Agyei
First floor of The White building
Adjacent Taadi Hotel
Opposite A.T. Nartey Pentecost Church
Essikafoamantem No. 2 – Takoradi
Digital address: WS-246-7758
Telephone: 0312293422
Ho Area Office
Area Manager: Mr. Bright Agbenu
Second Floor Bayport Building
Adjacent NHIS Regional Office
Old Traffic Light, Starlet Avenue
Ho
Postal address: P O Box HP 1396, Ho
Tel: 0362 026650
Koforidua Area Office
Area Manager: Esther Konadu Ofori
1st Floor, Construction House
Opp. SSNIT Regional Office
Telephone : 0342033172
Digital Address: EN-010-0986
Cape Coast Area Office
Area Manager: Nicholina Naa Ladzekpo
University of Cape Coast,
Credit Union Complex Building
Near Cedecom.
Telephone : 031-2293808
Digital Address: CC-097-0092
Sunyani Area Office
Area Manager: Mr. Faruk Dramani
Plot 60, Owusu Acheampong Avenue
SSNIT Flats Nwabeng South
Sunyani
Telephone : 0352022812
Postal address: P O Box SY 732, Sunyani
Digital Address: BS-0031-0297
Cantonments, Accra, Greater Accra, Ghana
National Insurance Commission (NIC)
Monday
9:00 am - 5:00 pm
Tuesday
9:00 am - 5:00 pm
Wednesday
9:00 am - 5:00 pm
Thursday
9:00 am - 5:00 pm
Friday
9:00 am - 5:00 pm
Saturday
Closed
Sunday
Closed
29 March 2024 11:20 am local time
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