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National Insurance Commission (NIC)

Which Region is National Insurance Commission (NIC)  located in Ghana?

National Insurance Commission (NIC) is located in the Greater Accra Region of Ghana.

Does National Insurance Commission (NIC) have a contact number or address i could access?

National Insurance Commission (NIC) official contact number is 030 2 238300 %C2%A0 %C2%A0 %C2%A0.You can contact them any time of the week from 8am to 8pm.

Is National Insurance Commission (NIC) business/educational opeartions just valid for the Greater Accra Region metropolitan area?

National Insurance Commission (NIC) has a long tradition and vast experience of business operations within Greater Accra Region and other areas of the Ghanian society.

There are many great cities in the world, but nothing compares to Accra, Ghana.

Which Region is National Insurance Commission (NIC)  located in Ghana?

National Insurance Commission (NIC) is located in the Greater Accra Region of Ghana.

The National Insurance Commission (NIC) was established under Insurance Law 1989 (PNDC Law 227) , but now operates under Insurance Act, 2006 (Act 724). The object of the Commission, as detailed in Act 724 is to ensure effective administration, supervision, regulation and control the business of Insurance in Ghana. NIC is mandated to perform a wide spectrum of functions including licensing of entities, setting of standards and facilitating the setting of codes for practitioners. The Commission is also mandated to approve rates of insurance premiums and commissions, provide a bureau for the resolution of complaints and arbitrate insurance claims when disputes arise. Other responsibilities of the National Insurance Commission (N.I.C) include the provision of recommendation to the sector Minister for policy formulation, supervision of practitioners, enforcement of compliance and public education. The development of strong relationships with regulators from other countries and international bodies such as the IAIS and ensuring the conformity of practitioners to internationally accepted standards are also key mandates of the Commission. The National Insurance Commission (NIC) was established under Insurance Law 1989 (PNDC Law 227) , but now operates under Insurance Act, 2006 (Act 724). The enactment of Act 724 was a major milestone towards a robust insurance regulatory environment as it empowers and grants adequate powers to the Commission. Together with several other initiatives in the past decade, the new Law provides a strong regulatory framework for Ghana’s insurance industry. Our Vision “To Be A Model Insurance Services Regulator In Africa”. Our Mission “To Be An Effective Custodian Of The Public Interest Ensuring Financial Soundness Of Insurance Companies And Prompt Attention To Grievances Of Policyholders And Interested Third Parties; And To Act As Catalyst For The Development, Robust Growth And Prosperity Of Ghana’s Insurance Industry”. Core Values As part of the new strategic direction of NIC, operations will be guided by our core values. These are: Integrity Transparency Accountability Responsiveness Accessibility Innovation Departments Office of the Commissioner The Office of the Commissioner is responsible for the day-to-day administration of the Commission. Office of the Deputy Commissioner The office of the Deputy Commissioner assist in the day-to-day administration of the Commission. Supervision Department The responsibilities of the Supervision Department include the following:  Licensing and renewals On-site inspections Off-site analysis  Product approvals Reinsurance  Authorisations and Approvals Actuarial Analysis Actuarial Unit The responsibilities of the Actuarial Unit include the following: Review of Periodic Technical Prudential Reports eg FCRs, SDRs, Actuarial Valuation reports Review of and approval of New Products Prudential and Solvency Analysis Assist the supervision team in financial and pre-Inspection analysis Legal Department The responsibilities of the Legal Department include the following:  Overseeing the Legislation and all legal matters  Management of all statutory funds and Committees under the Insurance Act Complaints and Settlements  Public education Regional Offices of the NIC Legal enforcement of the Insurance Act and actions to rectify lapses brought to its attention by the public and/or by the Supervision Department Finance Department The responsibilities of the Finance and Administration Department include the following: Accounts, planning & budgeting Investments & treasury functions Motor Insurance Sticker management and collections Procurement & Stores Human Resource and Administration Department The responsibilities of the Human Resource and Administration Department include the following: Human Resource Planing and Management Employee Resourcing Ensuring the existence of a peaceful Industrial Relations atmosphere Security, Transport, & Maintenance Marketing, Research & External Relations Department The responsibilities of the Marketing, Research & External Relations Department include the following:  Research & Development Rental of Conference Facilities Public Relations Publications and information dissemination International relations Internal Audit Department The responsibilities of the Internal Audit Department include the following: Monitoring Controls Reinsurance / AML Department Reinsurance Unit The responsibilities of the Reinsurance Unit include the following: Recommend the approval of annual treaty programmes Recommend local capacities for the various classes of insurance business for the Ghanaian market Vet applications for overseas reinsurance AML Unit The Unit is responsible for the following: Enforcement of AML/CFT Laws and FATF recommendations Monitoring AML/CFT compliance of regulated entities On-site examination of AML/CFT activities of regulated entities Off-site monitoring of AML/CFT activities of regulated entities AML/CFT sensitisation and training programmes I T Unit The responsibilities of the Information Technology (IT) Unit include the following: Provides IT systems support Head Office: Phone :                                        Email : 030 2 238300                              info@nicgh.org 030 2 238301                              complaints@nicgh.org Fax : 030 2 237248 030 2 246369 Address : National Insurance Commission Appiah Ampofo House 67 Independence Ave P.O.Box: CT 3456, Cantonments, Accra Regional Offices Tamale Area Office Area Manager: Mr. Joseph A. Akanlagm Zogbeli – Lamakara Street (Aliu Mahama Street) P.O. Box 1255 Tamale Telephone : 03720 23394 Fax: 02720 24933 Kumasi Area Office Area Manager: Mr. Kofi Baafour Sencherey Ground Floor COCOBOD Jubilee House Asafo, Kumasi Telephone : 0322081808 Takoradi Area Office Area Manager: Mr. Justice Peprah Agyei First floor of The White building Adjacent Taadi Hotel Opposite A.T. Nartey Pentecost Church Essikafoamantem No. 2 – Takoradi Digital address: WS-246-7758 Telephone: 0312293422 Ho Area Office Area Manager: Mr. Bright Agbenu Second Floor Bayport Building Adjacent NHIS Regional Office Old Traffic Light, Starlet Avenue Ho Postal address: P O Box HP 1396, Ho Tel: 0362 026650 Koforidua Area Office Area Manager: Esther Konadu Ofori 1st Floor, Construction House Opp. SSNIT Regional Office Telephone : 0342033172 Digital Address: EN-010-0986 Cape Coast Area Office Area Manager: Nicholina Naa Ladzekpo University of Cape Coast, Credit Union Complex Building Near Cedecom. Telephone : 031-2293808 Digital Address: CC-097-0092 Sunyani Area Office Area Manager: Mr. Faruk Dramani Plot 60, Owusu Acheampong Avenue SSNIT Flats Nwabeng South Sunyani Telephone : 0352022812 Postal address: P O Box SY 732, Sunyani Digital Address: BS-0031-0298

Where can i contact National Insurance Commission (NIC).Information: 

Official Phone Number : 030 2 238300 %C2%A0 %C2%A0 %C2%A0

 Website Information:

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