Practical implications The finding suggests that policymakers and regulators must continue to initiate, design and model regulations such that they help tame risk to improve the performance of insurers in Ghana. Originality/value This study provides first-time evidence on the role of regulations in ...
Regulatory reform has proved to be a strong enabler of deeper insurance penetration, and many countries in Africa are already seeing the benefits of new regulations. There is significant scope for insurers to collaborate with regulators on issues such as social security, solvency, and compliance requ...
They found a positive effect of an insurance-related act on the productivity of the insurance industry in Ghana. However, several issues need to be addressed in the existing insurance literature. First, the measurement of classic cost efficiency, revenue efficiency, and profit efficiency all need ...
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particularly in a context of wealth inequality, and thereby also affect demand for formal insurance. To test this theory, I utilize a lab experiment, conducted in Ghana, to investigate the impact of wealth inequality on utilization of risk-management tools, interpersonal risk sharing and formal ins...
A collaborative insurance resource website having information and list of top insurance companies, reinsurance companies, insurance brokers, insurance regulators and other service providers categorised by country.
As a consequence, the regulators started limiting the usage of consumer data to protect the consumers’ privacy and prevent personal data from misuse linked to discrimination, and other such improper use (Delcaillau et al., 2022). A number of regulations were put in place, including Europe’s...
Aware of this, many donors and governments are beginning to embrace longer-term and strategic support programs; such sector-wide approaches have been seen to be successful in countries such as Bangladesh, Ghana, and Pakistan. Pooling Resources Fund pooling is the sharing of risk between ...
Crises like COVID-19 in Ghana have put insurance companies, regulators and governments into a challenging situation, particularly in navigating the economic and financial impact on businesses and consumers. As we make our way through unchartered waters in this pandemic era toward a new normal, we ...
One of BIMA’s customers in Ghana sums it up nicely:“I have a very large family and was unable to work due to a leg injury. As a mason I hardly made enough money and owed creditors GHS 1,200. I filed for a claim and received 1,800. I am very thankful.” ...