Enhance cybersecurity to boost business – Deputy Commissioner to insurers

The Deputy Commissioner of the National Insurance Commission (NIC), Bernard Ohemeng Baah, has underscored the importance of innovation and resilience in the insurance sector.

He called on the insurance companies to take advantage of the government’s newly launched 24-hour economy, adding that the three-shift allowed insurers to reimagine their business models and adapt to changing consumer needs.

The Deputy Commissioner also addressed the need for companies in the sector to enhance their cyber resilience as they relied on the transformative power of technology to advance their business operations. He was speaking at the 8^th Ghana Insurance Awards.
The 2025 Ghana Insurance Awards (GIA) honoured 16 companies and 6 individuals for their impactful contributions to Ghana’s Insurance sector.

The event, powered by PayAngel aims to celebrate the achievements and innovations driving excellence in the industry, positioning companies and professionals as examples of best practices in Insurance, corporate social responsibility, standards, innovation and stewardship.
The awards ceremony, held annually, has grown in significance, bringing together top-tier professionals, key industry stakeholders to celebrate advancements and accomplishments in insurance management and corporate governance.

This year, the award category highlighted various aspects of industry excellence, such as life and non-life companies, re-insurers, brokerage firms, and other intermediaries, health insurers, actuarial firms, and other insurance services providers.

In his address to the gathering, Richard Abbey Junior, the Events Director at Xodus Communications Limited, emphasised that the Awards program remains a pivotal platform for fostering dialogue, facilitating networking, and disseminating best practices within the insurance sector.

“The annual competition consistently yields innovative products, which is encouraging. To enhance public safety, it is recommended that we mandate public liability insurance for event organisers”, he said
The event witnessed high-profile speakers including Abdul Razak Baaba, Deputy CEO, GIPC, Deputy Commissioner, National Insurance Commission, Bernard Ohemeng Baah, Spencer Quaye, Board Chairman DVLA, Rev. Eric Kwapong, Rev. Kwapong Ministries and CEO In Worship.
The speakers shared insights into how digital innovation, sustainability, and regulatory compliance are shaping the future of Ghana’s Insurance sector, urging the industry to leverage these areas for growth and resilience.

Here are the 2025 winners of the Ghana Insurance Awards;

HALL OF FAME

GENERAL INSURANCE COMPANY OF THE YEAR 2025

Enterprise Insurance Limited

BANCASSURANCE LEADER AWARD 2025

Absa Bank Ghana Ltd

BEST GROWING COMPANY OF THE YEAR 2025

Serene Insurance Company Limited

BROKERAGE COMPANY OF THE YEAR 2025

Irisk Management Limited

CLAIMS INITIATIVE OF THE YEAR 2025

Vanguard Assurance Company Limited

CSR LEADERSHIP AWARD (PRIVATE HEALTH) 2025

GLICO Health Insurance Ltd

INDIGENOUS INSURANCE COMPANY OF THE YEAR 2025 (PRIVATE HEALTH)

Equity Health Insurance

THE MAJOR LOSS AWARD 2025

Vanguard Assurance Company Limited

FASTEST GROWING COMPANY OF THE YEAR 2025

Imperial General Assurance

CSR LEADERSHIP AWARD 2025 (INSURANCE CATEGORY)

Star Assurance Company Limited

ICT LEADERSHIP AWARD 2025

Starlife Assurance

INDIGENOUS INSURANCE COMPANY OF THE YEAR 2025

SIC Insurance Company

INNOVATIVE PRODUCT OF THE YEAR 2025 (PRIVATE HEALTH)

Equity Health Insurance (Daakye Apomuden Plan)

MARKETING INITIATIVE OF THE YEAR 2025

Sunu Assurance Ghana Ltd (Combo Saver Initiative)

PRODUCT INNOVATION AWARD 2025 (GENERAL INSURANCE)

Imperial General Assurance

PRODUCT INNOVATION AWARD 2025 (LIFE INSURANCE)
Hollard Life (Asomdwee MSME Insurance)
CUSTOMER CARE AWARD 2025Hollard Ghana
UNSUNG HERO OF THE YEAR 2025

Wahab Adams Hamidu (Hollard Ghana)