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GLICO GENERAL, a dynamic industry player that provides innovative and customized risk management solutions for the insurable Ghanaian public has held a Broker’s & Reinsurance Forum as part of its 10th Anniversary celebrations.

The Brokers & Reinsurance Forum was organized to say a big thank you to all Broker & Reinsurance business partners that have supported GLICO GENERAL to attain ten years. The theme for the forum was, “Local Content; the path to our future” and was chaired by the Commissioner of Insurance, Ms. Lydia Lariba Bawa.

The Managing Director of GLICO GENERAL, Mr. Alfred Ofori-Kuragu, in his opening address, expressed appreciation to all Brokers & Reinsurances companies, stakeholders and GLICO staff for their commitment to GLICO GENERAL over the past 10 years.

He stated that, in an era when non-life insurance companies come and go, GLICO GENERAL, which started it business operations in 2006, has achieved a decade of innovation and steady growth.
Additionally, Mr. Ofori- Kuragu indicated that GLICO GENERAL has been able to travel this decade due to good business partners, stakeholders and hard working employees who have shared the vision and seen to its successful implementation.

The Chairperson for the occasion, Ms. Lydia Lariba Bawa, stressed in her opening remarks the need for Brokers & Reinsurance partners to support Insurance companies provide the necessary Insurance cover for the Ghanaian populace. She indicated that all players have a collective responsibility to educate and inform Ghanaians on insurance to ensure higher insurance penetration which currently stands at less than two percent.

The Commissioner iterated the fact that local content partnerships should be the effective course to develop the insurance sector as it promotes the maximization of value, job-creation and the use of local expertise. She further stated that the local content policy would facilitate growth of the insurance industry and Ghanaian economy at large.

Delivering his Guest Speaker’s address, Mr. Gustav Siale, Managing Director of GhanaRe, encouraged brokers to utilize insurance services in the local market before using the services of overseas insurance companies.

Mr. Siale additionally accentuated that insurance categories such as life, motor, workmen’s compensation and general accidents are all well established policies that insurance businesses in Ghana have the technical expertise to underwrite and therefore must be patronized by the all Brokers.

The Managing Director for GhanaRe additionally advised industry players to gain insights of the dynamics of insurance business in the Ghanaian market. He added that it is only through such trends analysis and the provision of insurance solutions that Ghana’s resources will benefit Ghanaians, whilst also allowing foreign companies to reap fair returns on their investment.

As a side attraction to the forum held at the Tang Palace Hotel, Broker & Reinsurance business partners were engaged in a fun lucky-dip contest that won them exciting prices. This was just one of the few ways GLICO GENERAL showed appreciation to their business partners.

The yearlong anniversary celebrations has other events planned to drive home the theme for the celebrations, “10 years of creating value….Our Stakeholders; our All “.

With immense gratitude, GLICO GENERAL says a BIG THANK YOU to all stakeholders whose immense confidence and support has brought the company this far. It continues to upgrade its existing products and systems to reflect the company’s ongoing commitment to delivering innovative, customized and results- oriented solutions for the insurable Ghanaian populace.

Released by:
Corporate Affairs Department