One of Ghana’s leading insurance firms, SIC Life, has announced plans to reach more uninsured people through the setting up of a savings and loans company.
The Chief Executive Officer of the company, Aaron Issa Anafure, made this known at its end of year staff durbar and get- together to interact with its customers and appreciate their support in the year 2015.
The durbar, which was held at the SIC Life Mall was on the theme “Reaching the Uninsured through Micro Insurance”.
Aaron Issa Anafure, outlining the company’s target for 2016, indicated their readiness to capture the market by improving work output and enhancing their performance.
He also hinted that their subsidiary company is now a savings and loans company after they obtained a license for that purpose on 13th July, 2015.
Aaron Issa Anafure congratulated his team members and urged them to keep up the great work.
Mr. Issa Anafure was adjudged the Best CEO of the year at the Business Executive Excellence Awards.
Commissioner of Insurance at the National Insurance Commission, Lydia Lariba Bawa, announced that some new changes are going to be made in the industry, and advised industry players to pay attention to the new developments.
“A lot of things are changing in the industry. These include market dynamics, regulatory requirements, the macro- economic environment and demographic developments. All these are going to impact the insurance industry in the near future. It is going to be difficult to maintain your industry leadership without paying attention to these issues. I would therefore like to encourage you to consider them seriously and take proactive steps to ensure that SIC Life continues to blaze the trail”.
SIC Life is licensed by Bank of Ghana to operate the business of a finance house under the provisions of the Non-Bank Financial Institution Act, 2008 (Act 774).
It was crowned the ‘Best Life Insurance Company of the Year’ out of about 22 institutions which were shortlisted for the Business Executive Excellence Awards.
–
By: Jessica Aryee/citifmonline.com/Ghana