Tag: Justice Yaw Ofori
-
NIC extends deadline for submission of motor insurance data by insurance firms
The National Insurance Commission, NIC, says it is expecting all insurance companies to furnish it with information on all motor insurance policy holders by March 2020. The directive follows the commencement of the Motor Insurance Database, which has replaced the old insurance stickers with an electronic one, to check fake insurance stickers. In January, the…
-
NIC denies increasing motor insurance cost
The National Insurance Commission (NIC) has refuted claims circulating on social Media that it has increased the cost of motor insurance policy by 100 percent as a result of the implementation of the Motor Insurance Database. The National Insurance Commission, NIC, this week announced that it has stopped the issuance and use of the old…
-
Recapitalisation will sustain claims payments – NIC
The National Insurance Commission (NIC) has expressed its resolve to increase genuine claims payments by industry practitioners in the country. The Commissioner of Insurance, Justice Yaw Ofori believes the move should boost uptake of insurance products in Ghana by the majority who are uninsured. The seeming disinterest by insurance companies to pay claims has partly…
-
Justice Yaw Ofori Appointed Commissioner of Insurance
The President has appointed Mr. Justice Yaw Ofori, as the Commissioner of the National Insurance Commission (NIC). He takes over from Lydia Lariba Bawa. Mr. Ofori, until his appointment was the Director of the Ghana Insurance College. He holds an International Executive MBA and a B.A. Honours from the University of Ghana (Political Science Major).…