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Top 10 Insurance Companies in Ghana


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There are different types of insurance companies in Ghana that you need to be familiar with for your ultimate security.

Insurance is a means of protecting oneself from loss. It’s a good way of managing risks, and it protects an individual from unexpected spending.

There are several types of insurance companies in Ghana that offer different kinds of insurance. For example, we have life insurance, health insurance, and car insurance.

Insurance has a long and interesting history in Ghana, with its origins dating back to the colonial era before 1957.

During this time, the insurance business was mostly done through foreign trading companies, but thanks to globalization, there has been a rise in the number of insurance companies in Ghana.

This article will guide you through the top 10 insurance companies in Ghana and hopefully, help you make a choice in terms of what insurance company suits your need.

  • Hollard Insurance
  • State Insurance Company
  • Enterprise insurance
  • Priority Insurance Company
  • Star life Assurance Company Limited
  • Activa Insurance
  • African Life Assurance
  • Metropolitan Insurance
  • Milife Insurance
  • Allianz Insurance
Top 10 Insurance Companies in Ghana
source: AIChE

1. Hollard Insurance

Hollard Insurance Company Limited is an insurance company in Ghana that began operating in 1993.

The insurance company can be found in major cities in Ghana (Kumasi, Tamale, Takoradi, and Tema to mention a few) and they offer commercial and personal insurance products for businesses or personal needs.

Services they render include:

  • Indemnity
  • Bonds
  • Fidelity Guarantee
  • Engineering insurance
  • Transit goods insurance
  • Fire insurance
  • Burglary insurance
  • Travel insurance
  • Executive insurance
  • Personal accident cover

2. State insurance company

The State Insurance Company (SIC) is a top-ranked insurance company in Ghana and Africa.

They are also committed to ensuring their clients are well served with products that meet their needs.

Their area of insurance includes:

  • Travel insurance
  • Accident insurance
  • Marine insurance
  • Oil and gas insurance

3. Enterprise insurance

Enterprise Company is one of the very few insurance companies in Ghana that provides insurance on properties, trustees, and funeral services.

It has been listed publicly in Ghana since 2015 and it continues to grow every day. Their focus is on improving lives by managing financial as well as physical loss.

Their services include:

  • Pensions solution
  • Funeral solution
  • General Business Insurance
  • Travel insurance
  • Motor insurance etc.

4. Priority Insurance Company

Priority Insurance Company is another top-notch insurance company in Ghana.

In 2014, Priority Insurance Company was rated the 3rd fastest growing insurance company in Ghana.

Products offered by the Priority Insurance company are:

  • Motor insurance
  • Transit goods insurance
  • Indemnity
  • 3rd party liability
  • Advanced loss of profits
  • Business interruption
  • Bonds
  • Fire insurance
  • Theft
  • Marine insurance
  • Construction insurance

5. Star life Assurance Company Limited

Star Life Limited offers life assurance investment products to help clients meet their personal and financial needs.

The company provides products such as life policies, investment plans, and funeral services to the people of Ghana.

6. Activa Insurance

Activa insurance company is also a member of the Pan African Insurance Group.

It is the 7th largest insurance company in Ghana, and the insurance company is known for providing insurance solutions that suit its clients’ tastes.

Their insurance products include:

  • Accidental damage
  • Personal accident
  • Group accident
  • Homeowners insurance
  • Travel insurance
  • Motor insurance
  • 3rd party liability

7. African Life Assurance

African Life Assurance is a Ghanaian insurance company that deals with providing life insurance to companies, individuals, or groups.

It is also regarded as one of the most reliable and trusted insurance companies in Ghana.

They have insurance products that cover:

  • Microinsurance
  • Funeral insurance
  • Education insurance
    Mortgage insurance and many more

8. Metropolitan Insurance

Metropolitan Insurance Company Limited is located at North Ridge Crescent, Accra.

The insurance company offers policies on investment, education, and also a limited health package in Ghana.

Their insurance products include:

  • Group funeral
  • Masterplan plus
  • Permanent disability
  • Credit life plan
  • School finance
  • Retirement and many others.

9. MiLife Insurance

MiLife insurance company is one insurance company that has also produced great results over the years. This, in turn, has made them one of the leading insurance companies in Ghana.

The company’s focus on their clients is to make sure they offer affordable and accessible savings to help better their lives.

In 2017, the company was ranked the 8th most performing insurance company in Ghana.

With MiLife insurance, you can enjoy insurance products like:

  • Keyman life
  • Mortgage life
  • Credit life
  • Group life
  • miWay
  • miEducation
  • miKids
  • miLegacy
  • miTribute.

10. Allianz Insurance

Allianz insurance company is an affiliate of the Alliance Group of Germany.

They offer policies that have been tailored to benefit their clients so they can have a secured future even in times of need.

Some of their insurance products are:

  • Auto insurance
  • Health insurance
  • Investments and savings
  • Homeowners insurance
  • Travel insurance

Also read: Top 10 insurance companies in Egypt


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