For trading organizations operating in the nation, the National Insurance Commission (NIC) has pledged to create and offer customized insurance packages.
The action was required, according to Dr. Justice Ofori, Commissioner of Insurance, to help protect the lives, property, and companies of certain groups that were important to the Ghanaian economy.
Speaking after receiving a courtesy call from the Traders Advocacy Group Ghana (TAGG), Dr. Ofori emphasized the value of insurance and product sensitization for trade associations.
We are always prepared to assist you in insuring every TAGG member, and as a result, we are prepared to build customized insurance products for your members. Please also let us know what your members’ needs are.
“We are ever ready to help you insure all members of TAGG, and in view of that we are ready to design tailored insurance products for your members, and also to let us know what the needs of your members are and we will develop products to suit them,” he said.
President of the TAGG, Mr David Kwadwo Amoateng on his part, also called on the Insurance Brokers Association of Ghana (IBAG) and the Ghana Insurers Association (GIA) to help insure its members.
He said TAGG is ready to collaborate with these institutions in order to insure its 7,000 members against risks that may affect their business operations.
“Most traders are not insured because they have not been educated about insurance and its relevance and that is why they are not doing it. But if you educate them about the benefits of insurance they will definitely sign on to it,” Amoateng said.
He continued “so insurance companies should not say that traders are difficult to deal with and all that, we do want to insure our businesses and mitigate risks”.
The TAGG President added that insuring over 7,000 of its registered members across the country will help improve insurance penetration in Ghana.
TAGG is responsible for protecting the trade rights of its members operating in the country.
Other Insurance Industry Executives who welcomed TAGG were Mr Seth Aklasi, President of the Ghana Insurers Association (GIA), and Mr Shaibu Ali, President of the Insurance Brokers Association of Ghana (IBAG).
BY KINGSLEY ASARE
