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Eight insurance companies threatened of license withdrawal

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Magazine Issue: 
Insurers facing the digital turning point [3]
Magazine date: 
Jul 2016

According to the National Insurance Commission (NIC), eight Ghanaian insurance companies could lose their license for non-compliance with the regulatory requirements.

Under the new rules governing the market, insurance companies have until 30 September 2016 to bring their capital to a minimum of 15 million GHS (3.8 million USD).

The minimum capital of reinsurance companies is, for its part, set at 40 million GHS (10.2 million USD).

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Tue, 30/08/2016 - 12:20

Source URL: https://www.atlas-mag.net/en/article/eight-insurance-companies-threatened-of-license-withdrawal

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[3] https://www.atlas-mag.net/en/issue/insurers-facing-the-digital-turning-point
[4] http://www.atlas-mag.net/en/article/swiss-re-corporate-solutions-is-increasing-its-cyber-insurance-products-0
[5] http://www.atlas-mag.net/en/article/the-insurance-supervisory-authority-suspended-the-activities-of-70-companies