ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

Debt Exchange: Insurers to re-strategise to avert threats to prompt payment of claims

Wed, Mar 22 2023 11:10 AM
in Business, Ghana General News
debt exchange insurers to re strategise to avert threats to prompt payment of claims
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT

Insurance companies may struggle to settle claims promptly in the coming days.

This is as a result of their participation in the Domestic Debt Exchange Programme.

Currently, significant portion of the industry’s investment incomes are from government bonds.

However, the industry recently reached an agreement with government to participate in the ongoing Domestic Debt Exchange Programme targeted at bringing the economy back on track.

But speaking at his outfit’s 8th educational conference and exhibition, President of the Insurance Brokers Association of Ghana (IBAG), Shaibu Ali, said it is time for the industry to re-strategise to avert a possible crisis.

“Through the insurance sector’s commitment to supporting government to achieve economic stability and growth, the industry recently reached an agreement with the government regarding the Domestic Debt Exchange Programme which poses difficulties to both insurance companies and broking firms”, he mentioned.

ReadAbout

I got an NLA job offer through Sammy Awuku – Kalybos reveals 

Kalybos reveals why he campaigned for NPP on Joy FM’s #ShowbizAtoZ

24-Hour Economy at risk: Kofi Bentil warns Ghana may achieve below 30% of Mahama’s plan

Debt Exchange: Insurers to re-strategise to avert threats to prompt payment of claims

Mr. Ali added “insurers are losing investments that would have facilitated the prompt settlement of claims; Brokers, on the other hand, are losing investment that would have ensured their effective running and for the benefit of their shareholders.”

Underwriting Profit

Meanwhile, Chairman of the Education and Publicity Committee of the Association, Stephen Kwarteng Yeboah says the industry must consider moving from its over-reliance on investment income to underwriting profit.

“There’s the need to do self-assessment and share opinions on how we can change the narrative of depending on investment income rather than underwriting profit”, he pointed out.

Me. Kwarteng Yeboah added “this is an urgent subject matter in our industry following the recent Domestic Debt Exchange Programme undertaken by the State, and the implementation of the IFRS 17.”

The 8th IBAG Educational Conference and Exhibition in Sunyani is on the theme “The Effect of the Global Economic Challenges on the Ghanaian Insurance Industry.”

It commenced on March 21 and will end on March 25, 2023.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policies of Homebase Television Ltd.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

I got an NLA job offer through Sammy Awuku – Kalybos reveals 

I got an NLA job offer through Sammy Awuku – Kalybos reveals 

0
Kalybos reveals why he campaigned for NPP on Joy FM’s #ShowbizAtoZ

Kalybos reveals why he campaigned for NPP on Joy FM’s #ShowbizAtoZ

2

24-Hour Economy at risk: Kofi Bentil warns Ghana may achieve below 30% of Mahama’s plan

24-Hour Economy at risk: Kofi Bentil warns Ghana may achieve below 30% of Mahama’s plan

24-Hour Economy at risk: Kofi Bentil warns Ghana may achieve below 30% of Mahama’s plan

‘We make excuses for waste and stealing’ – Kofi Bentil laments

’24-Hour Economy’ not much different from ‘Ghana Beyond Aid’ – Prof Bokpin

’24-Hour Economy’ not much different from ‘Ghana Beyond Aid’ – Prof Bokpin

’24-Hour Economy’ not much different from ‘Ghana Beyond Aid’ – Prof Bokpin

NYA CEO demands shisha ban

  • Ghana and Japan agree to pursue UN Security Council reforms

    Ghana and Japan agree to pursue UN Security Council reforms

    0 shares
    Share 0 Tweet 0
  • Rastafarian student Oheneba Nkrabea graduates from GIS after Achimota saga

    0 shares
    Share 0 Tweet 0
  • I resigned because of Prez. Mahama, NDC – former GBA President

    0 shares
    Share 0 Tweet 0
  • Perseus Mining Ghana announces leadership transition

    0 shares
    Share 0 Tweet 0
  • Western Region police arrest 44 suspects in major ‘galamsey’ raid

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.