Hotline: + 233(0)501 572 010 / 202 222 113

WHO WE ARE  

GLICO GROUP started operations as Gemini Life Insurance Company Ltd (GLICO),a specialist life insurance company, which obtained official license on December 15th 1986. It commenced business in January 1987 selling only life insurance.

Through sound and prudent business management practices, backed by commitment to innovation, integration and provision of excellent products and services, GLICO LIFE built a strong financial base to cater for all aspects of risks. It expanded its brand and core business from being a leading provider of Life to other areas of insurance  such as General and Health insurance products (solely insurance businesses)and also to include a diverse and unique range of allied Financial Services, Real Estate and other ancillary products.

GLICO GROUP has thus, become one of Ghana’s leading organizations of great repute, and plays a pioneering role in the insurance and financial services industry, and continues to post remarkable financial results year after year.

More importantly, GLICO continues to ensure focus, cohesion, and efficiency, to protect the GLICO BRAND in these diverse operations. GLICO GROUP has been re-structured and re-positioned to become more competitive and enterprising going forward.  it also addresses the ever-changing challenges that the GROUP diversity and specialization presents.

At GLICO, when we say “we cushion you for life”; it is of resonance that you are cushioned in all of life’s endeavours.

 

HISTORY OF GLICO GROUP

1987

  • GLICO started operations as a specialist life insurance Company [Gemini Life Insurance Company] and worked diligently to build trust and confidence with its clients.
  • The tagline “we cushion you for life” was birthed to represent what GLICO stands for.

1990

  • GLICO started broadcast of its timeless television Commercial [the falling man landing on the GLICO cushion]. This advertisement is synonymous to life insurance in Ghana and has made GLICO a household “BRAND” name in Ghana

1997

  • GLICO was adjudged and awarded by Chartered Institute of Marketing Ghana (CIMG) as “the Insurance Company of the year”

1999

  • GLICO was adjudged and awarded by Chartered Institute of Marketing Ghana (CIMG) as “the Insurance Company of the year”

2003

  • Liberty Investments Ltd, now GLICO Capital Ltd, was incorporated to provide financial securities to clients and Ghanaians through fund management, corporate finance and research and analysis.

 

  • GLICO LIFE partnered with Care International Ghana to become the first company to operate a micro insurance scheme in Ghana geared towards offering the informal sector financial security.

2006

  • GLICO GENERAL was incorporated under Insurance Act 724 and started operations with the aim of providing tailored and highly responsive insurance solutions in the non- life insurance market.

 

  • GLICO LIFE received for the first time “Business & Financial Excellence Awards” for contributions towards the growth of the financial sector in the Ashanti Region of Ghana- Top Brass Ltd

 

  • GLICO LIFE received for the first time “Business & Financial Excellence Awards” – Ministry of Trade & Industry.

2007

  • GLICO celebrated 20 years of excellence in insurance with the theme “20 years of Excellence in Insurance”.

 

  • GLICO GROUP’s Head Office Building- GLICO House- was opened for business by the then President of Ghana, His Excellency Mr. John Agyekum Kuffour, on the Kwame Nkrumah Avenue, in the heart of Accra

 

2008

  • GLICO Pensions Trustee Company was incorporated, in response to the new National Pensions Act, 2008 (Act 766), with the objective of performing third party administrative and corporate trustee services for clients and to provide unique pensions products and provident fund management which hitherto was been handled by GLICO LIFE.

 

  • Chartered Institute of Marketing Ghana (CIMG) conferred on Mr Kwame Achampong- Kyei (Executive Chairman of GLICO Group Ltd.) “CIMG Marketing Man of the year”

2009

  • GLICO Life Insurance Company became the highest insurer in the non-life category of the insurance market on the Ghana Club 100 (GC100) ranking.

2010

  • GLICO Pensions Trustee Company received its license from the National Pensions Authority, NPA, the Regulatory Authority set up by the new Pensions Act, 2008 (Act 766).

 

  • GLICO GENERAL received “Business & Financial Excellence Awards” for the first time –Ministry of Trade & Industry

 

  • GLICO GROUP was registered as a “HOLDING” company

 

2011

  • GLICO General Insurance Company joined Ghana Club 100 (GC100) as the second highest insurer in the non-life category of the insurance market.

 

  • Ernest &Young conferred on the Executive Chairman of GLICO GROUP, “Entrepreneur of the Year”

 

2012

  • GLICO celebrated 25 years of excellence with the theme, “25 years in business: Our customers; our focus.”

 

  • Two new GLICO Branches – East Legon and Wa offices– were opened

 

  • GLICO PENSIONS Trustee Company started operations to manage 2nd & 3rd tier pensions.

 

  • The Group harmonized and converted its financial accounts into IFRS Standards beginning with GLICO LIFE and GLICO GENERAL.

2013

  • GLICO GROUP launched its customer-centric Websites

 

  • GLICO GROUP was awarded Gold as the “Best Insurance Company in the Development & Promotion of Tourism in Ghana”- Ghana Tourism Authority

 

  • GLICO LIFE was adjudged “World Best Life Insurance Company 2013, Ghana” by World Finance Ltd.

 

  • GLICO LIFE re-launched the “Life Savings & Life Guaranteed Plans” for Ghanaians.

 

  • GLICO GENERAL received “Premier brand” status by The Centre for Brand Analysis Ghana (TCBAG)

 

  • GLICO HEALTHCARE was adjudged “Gold winner” of the 2013 Health Legendary Awards- HAP foundation, Ghana

 

  • GLICO GROUP set up a Risk Department to access and advice management of all risks

 

2014

  • GLICO LIFE and GENERAL were rated “B” by Standards and Poors, a US based International Rating Company

 

  • GLICO GROUP management underwent a one week workshop in Enterprise Risk Management as it restructures to compete successfully on the international market

 

  • GLICO HEALTHCARE launched its 10th anniversary under the theme, “10 years of pioneering Private Health Insurance in Ghana: Our Success; our stakeholders”.

 

  • GLICO GROUP opened officially its Airport Office for business to serve the needs of customers within the Airport, East Legon and surrounding areas.

 

  • GLICO GROUP was awarded a “Top Brand” by Premier Brand as the only insurance Company in Ghana to make it to the list of “Ghana’s 40 most valuable brand”.

 

2015

  • Kwame Achampong-Kyei –Executive Chairman of GLICO was inducted into the “Entrepreneurs’ Hall of Fame” by Ernst & Young.

 

  • GLICO LIFE and GENERAL received Gold awards by the Ashanti Financial Excellence Awards for contributions towards the financial development of the Ashanti region.

 

  • GLICO HEALTHCARE was awarded as “The Private Healthcare of the Year” by the Legendary Healthcare Awards.

 

  • GLICO GENERAL launched its 10th anniversary under the theme, “10 years of creating value: Our stakeholders; our all”.

 

  • Kwame Achampong-Kyei –Executive Chairman of GLICO was conferred an Honorary Doctorate Degree by the London Graduate School in recognition of his extremely valuable achievements and contributions in leadership towards the workplace and the business environment.

 

2016

  • GLICO FINANCIAL rebranded to GLICO CAPITAL to reposition itself stronger on the market specializing in wealth management for both institutional and individual clients.

 

  • GLICO LIFE and GENERAL received Gold awards by the Ashanti Financial Excellence Awards for contributions towards the financial development of the Ashanti region.

 

  • GLICO PENSIONS became the number One (#1) Corporate Trustee for Tier 2 pensions management with a 20% market share in terms of its number of registered companies.

 

  • The Business Initiative Directives (BID) awarded GLICO HEALTHCARE with the International Arch of Europe Award for Quality and technology, Gold category.

 

  • GLICO HEALTHCARE joined Ghana Investment Promotion Centre’s (GIPC) Club 100 at number 41, as the first private health insurance company.

 

  • GLICO GROUP is recognized by the Business Executive Magazine with an award “for making traditional life insurance product accepted in Ghana’s market at a time when life insurance was neither understood nor demanded”.

 

2017

  • The Executive Chairman of GLICO GROUP, Dr. Kwame Achampong-Kyei, was
    awarded for his “Outstanding contribution in the field insurance to the economic
    development of Ghana”, as part of the Ghana @ 60 event celebrations by Top
    Brass.
  • GLICO HEALTHCARE was ranked number sixteen (16) by the GIPC Ghana Club
    100 Ranking table for 2016. It was also awarded for being: 

    • 3 RD Fastest growing company. 
    • Leader in the Healthcare Insurance Sector
  • GLICO GENERAL was also ranked number ninety –five (95) by the GIPC Ghana
    Club 100 Ranking table for 2016.