SIC adjudged 2017 Best Insurer at Ghana Insurance Awards

BY: Dominic Moses Awiah & Ken Osei
The Managing Director of State Insurance Company Limited, Mr Stephen Oduro, receiving the Brand of the Year Award from Mr Titus Glover (left), Deputy Minister of Transport. Picture: NII MARTEY M. BOTCHWAY
The Managing Director of State Insurance Company Limited, Mr Stephen Oduro, receiving the Brand of the Year Award from Mr Titus Glover (left), Deputy Minister of Transport. Picture: NII MARTEY M. BOTCHWAY

The State Insurance Company (SIC) has been adjudged the Overall Best Insurer for the Year 2017 at the maiden edition of the Ghana Insurance Awards held in Accra on Friday, July 28, 2018.

The company's performance at the Ghana Stock Exchange was cited as one of the indicators that distinguished it from its competitors.

Additionally, SIC took home four other awards which were the Brand of the Year, Indigenous Company, Corporate Social Responsibility Leadership and ICT Leadership Company of the Year.

Other companies, including the Best Assurance, Starlife Assurance, the Donewell Insurance Company Limited and the Acacia Health Insurance Limited, were also honoured. Each of them took two awards.

In all, 14 insurance companies were honoured for their contribution to the insurance industry.


 Mr Ransford Tetteh (left), the acting MD of the Graphic Communications Group Limited, presenting the Entrepreneur of the Year Award to Dr Dan Vincent Armooh, the CEO of Acacia Health Insurance.

Awards

Organised by Xodus Communications Limited, the awards sought to honour top-class performance, professionalism and innovation in the insurance industry.

It was also to promote the growth of the industry through progressive competition, innovation and adherence to the highest professional standards.

The event brought insurance industry players together to celebrate and network, while rewarding achievement and leadership in various key areas.

The awards had 28 categories, including the Insurance Personality of the Year, the Life Insurance Company of the Year, Fastest Growing Company of the Year, the Promising Company of the Year and the Indigenous Company of the Year.

The Chairman of the Glico Group, Dr Kwame Achampong–Kyei, emerged the Insurance Personality of the Year, while the Chief Executive Officer (CEO) of Acacia, Dr Dan Vincent Armooh, was adjudged the Entrepreneur of the Year.

Insurance net

At the event, the Deputy Minister of Transport, Mr Daniel Titus Glover, urged insurance companies to widen the insurance net to capture more businesses.

He said although efforts were being made by insurance companies to expand the industry, the drive and enthusiasm among some Ghanaians in insuring their businesses and properties was absent.

That, he said, created a situation where insurance companies could not contribute much to the country’s gross domestic product (GDP).

“As captains of the insurance industries, I need you to work hard so we get the best for our people,” he stated.