The opening of the branch forms part of the Company’s strategic plans to set up new branches in other locations across the country to bring its insurance products and services to the doorstep of the citizenry.

Mr Robert Wugah, Managing Director of Imperial General Assurance, said the Company had met the new minimum capital requirement of GHC 50 million sets by the National Insurance Commission (NIC) and was happy to reach Ghanaians wherever they were with its life-changing services.

He said the new capital injection into the Company had positioned it to expand its operations across the country to serve the needs of the insuring public.

“In furtherance of our expansion drive, our Tema and Takoradi branches have also been relocated to ultra-modern offices. These offices have an adequate number of staff and resources to respond to the increasing demand for our insurance products in these markets,” he added.

Ms Rita Apau, Head of Core Supervision at the NIC, who represented the Head of Supervision, said the opening of the Weija branch would bring about growth and expansion to make the Company solid and sustainable.

Touching on some of the interventions the NIC was implementing to sanitise the insurance industry, she said the Commission, in line with enhancing Market Conduct supervision, was enforcing the Claims Guidelines, which provided general timelines for the timely settlement of genuine claims.

“With the creation of the Motor Insurance Database, the Commission is determined to enforce compliance with the set market motor rates and also actively enforce strict compliance with the No Premium, No Cover directive,” she added.

Imperial General Assurance is a wholly-owned Ghanaian insurance company that handles all kinds of general insurance businesses.