Top Non-Life Insurers Leading Industry Growth in Ghana You Can Trust in 2025

Ghana’s non-life insurance sector, led by companies like Priority Insurance, Activa, Allianz, and Enterprise Insurance, drives growth by offering tailored coverage for diverse risks and industries.

The insurance industry in Ghana plays a pivotal role in protecting businesses and individuals from unforeseen risks. Unlike life insurance, which focuses on long-term coverage for events like death, disability, or retirement, non-life insurance provides short-term financial protection for assets, property, and liabilities.

It covers a wide range of risks, including accidents, theft, fire, and natural disasters, making it essential for day-to-day financial security. In Ghana, several non-life insurance companies have emerged as industry leaders, offering tailored solutions to meet the diverse needs of the population.

Here is a look at the prominent players driving Ghana’s non-life insurance industry.

Priority Insurance Company Ltd

Priority Insurance Company Ltd, a wholly Ghanaian-owned company, was established on September 8, 2011. Licensed by the National Insurance Commission (NIC), Ghana under the registration number NIC/NL/PRIO 025/12, Priority Insurance is authorized to underwrite non-life insurance business in accordance with the provisions of the Insurance Law, 2006, Act 724.A Member of the Tobinco Group of Companies. Priority Insurance is best known for their fastest claims and prompt customer service winning three solid awards in 2024.

Activa International Insurance Company Ghana Ltd
Activa International stands out for its robust offerings in corporate and retail insurance. The company provides comprehensive motor, property, and liability insurance solutions, catering to businesses that require tailored policies to mitigate specific risks. Its international network also allows it to offer global expertise, making it a preferred choice for multinational corporations operating in Ghana.

Allianz Insurance Company Ghana Limited
Allianz is synonymous with global reliability, bringing its international reputation to the Ghanaian market. The company excels in providing motor insurance, home insurance, and corporate risk solutions. Known for its efficient claims process and personalized services, Allianz has positioned itself as a trusted partner for individuals and businesses seeking comprehensive coverage.

Enterprise Insurance Company Limited
A pioneer in Ghana’s insurance sector, Enterprise Insurance has earned its reputation through decades of dependable service. Specializing in motor, fire, marine, and engineering insurance, the company has consistently delivered innovative solutions. Its unique policies, such as goods-in-transit insurance for transport businesses, showcase its commitment to addressing diverse customer needs.

SIC Insurance Company Limited
As one of the oldest insurers in Ghana, SIC Insurance brings experience and expertise to the table. Its motor insurance policies, particularly comprehensive packages for fleet owners, are highly regarded. SIC also provides marine insurance, making it a key partner for businesses involved in international trade.

Glico General Insurance Company Limited
Glico General is a household name, celebrated for its customer-focused approach. The company offers motor, travel, and business insurance, with standout products like public liability insurance designed for businesses to protect against third-party claims. Its reliable customer service and broad product portfolio make it a favorite among small and medium-sized enterprises (SMEs).

Hollard Insurance Ghana Limited
Hollard is known for its forward-thinking approach to insurance, offering a wide array of services including motor, home, and life insurance. One of its most popular products is its SME-focused insurance package, which provides tailored coverage for small businesses to safeguard assets and ensure business continuity.

Star Assurance Company Limited
Star Assurance has built its reputation on innovation and efficiency. Its motor insurance packages, especially third-party liability and comprehensive coverage, are among the most competitive in the market. Additionally, Star Assurance offers fire and allied perils insurance, ensuring protection for homeowners and businesses alike.

Vanguard Assurance Company Limited
Vanguard is recognized for its extensive range of insurance solutions, including general accident, burglary, and contractor’s all-risk insurance. The company is particularly known for its dedication to quick claims settlements, which has earned it a loyal customer base among contractors and property developers.

The Role of the NIC

The National Insurance Commission (NIC) continues to oversee the sector, ensuring compliance with regulations and promoting healthy competition.

Its recent push for digital transformation within the insurance industry has encouraged many companies to adopt technology-driven solutions, enhancing accessibility and customer experience.

The non-life insurance sector contributes significantly to Ghana’s economic stability by safeguarding assets and mitigating financial risks. With the mining, logistics, and construction sectors experiencing growth, demand for specialized insurance products is expected to rise, making this industry a key driver of economic resilience.

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Each of these companies brings unique strengths and specialized services to the table, ensuring that Ghanaians have access to tailored insurance solutions.

Last Updated on March 31, 2025 by samboad