Activa Pays GH¢4.7 Million in 2026 Flood Claims as Ghana’s Insurers Keep Disaster Payouts Largely Undisclosed

Activa International Insurance Ghana has paid more than GH¢4.7 million in flood-related claims for the 2026 rainy season as of October 31, one of the few itemised disaster settlements publicly disclosed by a Ghanaian non-life insurer.

In Ghana, individual non-life insurers rarely publish itemised disaster payouts publicly unless they announce a milestone settlement, while the National Insurance Commission (NIC) aggregates industry-wide claims in its annual reports. However, specific insurers have publicly disclosed major flood-related claims settlements following devastating rainy seasons in Accra and across the country.

The One Disclosed 2026 Figure: Activa

Activa International Insurance Ghana paid out over GH¢4.7 million in flood-related claims as of October 31, 2026, following the severe rains and flooding during the 2026 rainy season, particularly in June 2026.

These payouts compensated individuals and commercial businesses for damaged homes, equipment and operational assets across Accra and other affected regions. The disclosure was announced by Salifu Abubakari, Managing Director of Activa International Insurance Ghana.

That figure is, for now, the only publicly itemised 2026 flood settlement from a Ghanaian insurer — a disclosure gap that itself says something about the market.

The Historic Benchmark: Enterprise Group and June 3, 2015

The most significant disclosed flood payout in Ghanaian insurance history remains Enterprise Group / Enterprise Insurance’s settlement following the June 3, 2015 twin disaster in Accra.

Enterprise disbursed over GH¢57 million to commercial and corporate clients affected by the 2015 flood and fire disaster, including Mohinani Group, Worldwide Health Ltd and Far East Mercantile.

Across the entire Ghanaian insurance market, insurers collectively disbursed over GH¢235 million in claims within two years of the June 3, 2015 disaster.

Insurers With Substantial But Undisclosed Flood Exposure

Several major underwriters carry significant flood exposure without publishing standalone figures:

SIC Insurance PLC underwrites a massive portion of state infrastructure, commercial warehouses and corporate assets, and routinely bears one of the highest shares of fire and allied perils — including flood — claims during nationwide flooding events.

Star Assurance, a major underwriter of commercial property and motor comprehensive policies in Greater Accra, regularly settles significant flood-damage claims for submerged vehicles and damaged retail stock.

Hollard Insurance Ghana, known for fast claims turnaround on home, SME and motor comprehensive policies, settles substantial flood claims for residential homeowners and small businesses.

GLICO General and Vanguard Assurance, both legacy general insurers, underwrite extensive commercial, industrial and motor portfolios in flood-prone urban areas like Accra, Tema and Kumasi, absorbing millions of cedis in combined water-damage and motor-flood claims during severe rainy seasons.

Why the Numbers Are Hard to Isolate

In Ghana, standalone “flood insurance” is rarely sold on its own. Instead, payouts come from Fire and Allied Perils policies (for buildings, household contents and business stock) and Comprehensive Motor policies (for submerged or water-damaged vehicles).

Because flood claims are reported within these broader statutory classes, insurers do not typically disclose flood-specific figures. Major underwriters report total claims per statutory class — such as Fire & Property and Motor — to the NIC.

For context on scale: the NIC recorded GH¢3.6 billion in total industry claims paid across all lines in 2024. Enterprise Insurance alone paid over GH¢280 million to GH¢300 million in total non-life claims across 2025, while Enterprise Group paid GH¢508 million across all insurance lines in the first half of 2026 — figures that include floods, fires and motor accidents but are not broken down by peril.

The Reinsurance Layer

When catastrophic floods hit Accra — such as the June 2015 floods or the 2026 rainy season — primary insurers share the massive payout burden with local and regional reinsurers, led by Ghana Reinsurance PLC, Mainstream Re and WAICA Re.

That layering matters to any assessment of insurer resilience. A GH¢4.7 million payout by a primary insurer may represent a far larger gross loss absorbed across the reinsurance chain.

Quick Facts

Activa International Insurance Ghana has paid over GH¢4.7 million in flood-related claims for the 2026 rainy season as of October 31, covering homeowners and commercial businesses for damaged properties, equipment and operational assets after the June 2026 downpours.

The largest disclosed flood settlement in the market remains Enterprise Group / Enterprise Insurance’s over GH¢57 million payout after the June 3, 2015 twin disaster, to clients including Mohinani Group, Worldwide Health Ltd and Far East Mercantile. Industry-wide, insurers paid over GH¢235 million in claims within two years of that disaster.

SIC Insurance, Star Assurance, Hollard, GLICO General and Vanguard Assurance all carry substantial flood exposure but do not publish standalone flood figures, since flood claims sit within Fire and Allied Perils and Comprehensive Motor classes reported to the NIC, which recorded GH¢3.6 billion in total industry claims in 2024. Enterprise Insurance paid GH¢280–300 million in total non-life claims in 2025, and Enterprise Group paid GH¢508 million across all lines in H1 2026.

Source: Accra Street Journal

Last Updated on November 11, 2026 by Samuel Kwame Boadu

Samuel Kwame Boadu

Samuel Kwame Boadu is a Ghanaian media entrepreneur and storyteller with a passion for amplifying urban voices and uncovering everyday truths. He is the Editor-in-Chief and Founder of Accra Street Journal, a dynamic digital platform dedicated to capturing the pulse of Ghana’s capital—its people, culture, challenges, business, sports and innovations.

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