- July 25, 2025
- Posted by: Edgvio LLC
- Category: General News
Five reinsurance companies that have maintained fully-fledged offices in Ghana will jointly host a four-day seminar in early August as part of their collaborative capacity building efforts for the
insurance industry. The five companies are: Ghana Reinsurance, Mainstream Re, GN Re, W-Safe Re and WAICA Re.
Ghana Re is state-owned company, Mainstream Re and GN Re are fully indigenous but privately owned. While WAICA Re is owned by the West Africa
Insurance Companies Association of which some Ghanaian insurance firms are members and W-Safe Re is also privately owned.
The impending Joint Local Reinsurers Seminar is the 2025 edition of an annual series by the reinsurance companies and will address Compliance, Ethics and Financial Integrity, and is targeted at Chief Finance Officers (CFOs) and Heads of Finance of insurance and reinsurance companies as well as broking firms in Ghana. The previous edition targeted CEOs in the insurance industry.
The seminar will take place from Tuesday, August 5 to Saturday August 9, 2025 at the Volta Serene Hotel in Ho, the capital of the Volta Region. The theme for the event is Compliance, Ethics and Financial Integrity in Insurance – The Role of the CFO.
The Commissioner of Insurance and CEO of the National Insurance Commission, Dr Abiba Zakariah, will officially open the seminar as the Special Guest of Honour, with all the insurance industry CEOs in attendance. The seminar’s technical sessions are expected to bring together 50 finance professionals.
The seminar will explore the critical role of finance in the insurance eco-system. Participants will benefit from expert-led discussions, interactive sessions and opportunities to network with fellow professionals.
Topics to be covered include: Ethical issues and the professional accountant; Regulatory compliance and legal considerations in finance and insurance; and Value Added Tax and insurance.
The insightful discussions will be led by reputable and renowned resource persons from both industry and the academia, ensuring that participants benefit from a rich experience of practical knowledge sharing.
In Ghana’s insurance industry, CFOs play crucial roles in the operations and strategic direction of the companies where they work. Their responsibilities are vital for financial stability, regulatory compliance, and business growth.
These responsibilities include: Financial strategy and planning, risk management and insurance/reinsurance structuring, regulatory and financial reporting, as well as treasury and investment management. Other tasks include: Performance monitoring and stakeholder engagement as well as technology driven financial innovation,
The upcoming seminar underscores the commitment of local insurers to strengthen financial integrity and uphold the highest standards of ethics and compliance within Ghana’s insurance industry, which is built on public trust and confidence, which in turn is derived from prudent and responsible regulation.
Ghana’s four local reinsurers, underwrite a portion of the risk taken on by primary insurance firms in the country, competing with reinsurers domiciled abroad for this business. They also take on a portion of some of the risks underwritten by primary insurers domiciled abroad as well.
Dr. Abiba Zakariah, Commissioner of Insurance, special guest of honour
