The Insurance Industry in Ghana, Key Trends and Opportunities to 2019

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Published: March 11, 2016 Report Code: GD-IS1168MR-ST

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GlobalData’s 'The Insurance Industry in Ghana, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Ghanaian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Ghanaian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Scope

This report provides a comprehensive analysis of the insurance industry in Ghana:

• It provides historical values for the Ghanaian insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

• It offers a detailed analysis of the key segments in the Ghanaian insurance industry, along with market forecasts until 2019.

• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

• It analyzes the various distribution channels in Ghana.

• It profiles the top insurance companies in Ghana, and outlines the key regulations affecting them.

Key Highlights

What is the CAGR that the Ghanaian insurance industry recorded during the review period?

Which four key drivers are behind growth in the Ghanaian industry as a whole?

How are microinsurers collaborating with mobile networks in Ghana? What benefits is this delivering to consumers?

Which process will improve the underwriting capacity over the forecast period? What will be the result of this in the Ghanaian insurance industry?

What will encourage European and other African insurers into Ghana’s insurance industry during the review period? How will these foreign insurers gain entry to the market?

Developing which products will drive the industry over the forecast period? What sections of the population will these products target?

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Ghanaian insurance industry and each segment and category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Ghanaian insurance industry.

• Assess the competitive dynamics in the Ghanaian insurance industry.

• Identify growth opportunities and market dynamics in key segments.

• Gain insights into key regulations governing the Ghanaian insurance industry, and their impact on companies and the industry's future.

SIC Life Insurance Company Ltd
Enterprise Life Assurance Company Ltd
SIC Insurance Company Ltd
Enterprise Insurance Company Ltd
Star Assurance Company Ltd

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Introduction

3.1 What is this Report About?

3.2 Definitions

3.3 Methodology

4 Economy and Demographics

5 Ghanaian Insurance Industry Overview

5.1 Ghanaian Insurance Industry

6 Industry Segmentation

6.1 Life Insurance

6.2 Non-Life Insurance

6.2.1 Property insurance

6.2.2 Motor insurance

6.2.3 Liability insurance

6.2.4 Marine, aviation and transit insurance

6.3 Personal Accident and Health Insurance

6.3.1 Personal accident insurance

6.3.2 Travel insurance

6.4 Reinsurance

7 Distribution Channel Outlook

8 Natural Hazards

8.1 Floods

8.2 Exposure

9 Competitive Landscape

9.1 Overview

9.2 Leading Companies

9.2.1 SIC Life Insurance Company Ltd – company overview

9.2.2 Enterprise Life Assurance Company Ltd – company overview

9.2.3 SIC Insurance Company Ltd – company overview

9.2.4 Enterprise Insurance Company Ltd – company overview

9.2.5 Star Assurance Company Ltd – company overview

10 Governance, Risk and Compliance

10.1 Legislation Overview and Historical Evolution

10.2 Latest Changes in Regulations

10.3 Regulations by Type of Insurance

10.3.1 Life insurance regulations

10.3.2 Property insurance regulations

10.3.3 Motor insurance regulations

10.3.4 Liability insurance

10.3.5 Marine, aviation and transit insurance regulations

10.3.6 Personal accident and health insurance regulations

10.4 Compulsory Insurance

10.4.1 Motor third-party liability insurance

10.4.2 Insurance for commercial properties

10.4.3 Workmen’s compensation insurance

10.5 Supervision and Control

10.5.1 International Association of Insurance Supervisors (IAIS)

10.5.2 National Insurance Commissions (NIC)

10.6 Non-Admitted Insurance Regulations

10.6.1 Overview

10.6.2 Intermediaries

10.6.3 Market practices

10.6.4 Fines and penalties

10.7 Company Registration and Operations

10.7.1 Types of insurance organization

10.7.2 Establishing a local company

10.7.3 Foreign ownership

10.7.4 Types of license

10.7.5 Capital requirements

10.7.6 Solvency margins

10.7.7 Reserve requirements

10.7.8 Investment regulations

10.7.9 Statutory return requirements

10.7.10 Fee structure

10.8 Taxation

10.8.1 Insurance premium or policy taxation

10.8.2 Withholding tax on premium paid overseas

10.8.3 Corporate tax

10.8.4 VAT

10.8.5 Captives

10.9 Legal System

10.9.1 Introduction

10.9.2 Access to court

10.9.3 Alternative dispute resolution (ADR)

11 Appendix

11.1 Methodology

11.2 Contact GlobalData

11.3 About GlobalData

11.4 GlobalData’s Services

11.5 Disclaimer

Table

Table 1: Ghanaian Insurance Industry – Key Facts

Table 2: Insurance Industry Definitions

Table 3: Ghanaian Insurance Gross Written Premium by Segment (GHS Million), 2010–2014

Table 4: Ghanaian Insurance Gross Written Premium by Segment (US$ Million), 2010–2014

Table 5: Ghanaian Insurance – Gross Written Premium by Segment (GHS Million), 2014–2019

Table 6: Ghanaian Insurance – Gross Written Premium by Segment (US$ Million), 2014–2019

Table 7: Ghanaian Insurance – Segmentation by Gross Written Premium (% Share), 2010–2019

Table 8: Ghanaian Insurance – Direct Written Premium by Segment (GHS Million), 2010–2014

Table 9: Ghanaian Insurance – Direct Written Premium by Segment (US$ Million), 2010–2014

Table 10: Ghanaian Insurance – Direct Written Premium by Segment (GHS Million), 2014–2019

Table 11: Ghanaian Insurance – Direct Written Premium by Segment (US$ Million), 2014–2019

Table 12: Ghanaian Insurance – Segmentation by Direct Written Premium (Percentage Share), 2010–2019

Table 13: Ghanaian Life Insurance – Gross Written Premium (GHS Million), 2010–2014

Table 14: Ghanaian Life Insurance – Gross Written Premium (GHS Million), 2014–2019

Table 15: Ghanaian Life Insurance – Direct Written Premium (GHS Million), 2010–2014

Table 16: Ghanaian Life Insurance – Direct Written Premium (GHS Million), 2014–2019

Table 17: Ghanaian Life Insurance – Paid Claims (GHS Million), 2010–2014

Table 18: Ghanaian Life Insurance – Paid Claims (GHS Million), 2014–2019

Table 19: Ghanaian Life Insurance – Incurred Loss (GHS Million), 2010–2014

Table 20: Ghanaian Life Insurance – Incurred Loss (GHS Million), 2014–2019

Table 21: Ghanaian Life Insurance – Net Written Premium as a Percentage of Gross Written Premium, 2010–2014

Table 22: Ghanaian Life Insurance – Net Written Premium as a Percentage of Gross Written Premium (%), 2014–2019

Table 23: Ghanaian Life Insurance – Total Assets (GHS Million), 2010–2014

Table 24: Ghanaian Life Insurance – Total Assets (GHS Billion), 2014–2019

Table 25: Ghanaian Life Insurance – Total Investment Income (GHS Million), 2010–2014

Table 26: Ghanaian Life Insurance – Total Investment Income (GHS Million), 2014–2019

Table 27: Ghanaian Life Insurance – Net Written Premium (GHS Million), 2010–2014

Table 28: Ghanaian Life Insurance – Net Written Premium (GHS Million), 2014–2019

Table 29: Ghanaian Non-Life Insurance – Gross Written Premium by Category (GHS Million), 2010–2014

Table 30: Ghanaian Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2010–2014

Table 31: Ghanaian Non-Life Insurance – Gross Written Premium by Category (GHS Million), 2014–2019

Table 32: Ghanaian Non-Life Insurance – Gross Written Premium by Category (US$ Million), 2014–2019

Table 33: Ghanaian Non-Life Insurance – Direct Written Premium by Category (GHS Million), 2010–2014

Table 34: Ghanaian Non-Life Insurance – Direct Written Premium by Category (US$ Million), 2010–2014

Table 35: Ghanaian Non-Life Insurance – Direct Written Premium by Category (GHS Million), 2014–2019

Table 36: Ghanaian Non-Life Insurance – Direct Written Premium by Category (US$ Million), 2014–2019

Table 37: Ghanaian Non-Life Insurance – Paid Claims (GHS Million), 2010–2014

Table 38: Ghanaian Non-Life Insurance – Paid Claims (GHS Million), 2014–2019

Table 39: Ghanaian Non-Life Insurance – Incurred Loss (GHS Million), 2010–2014

Table 40: Ghanaian Non-Life Insurance – Incurred Loss (GHS Million), 2014–2019

Table 41: Ghanaian Non-Life Insurance – Loss Ratio (%), 2010–2014

Table 42: Ghanaian Non-Life Insurance – Loss Ratio (%), 2014–2019

Table 43: Ghanaian Non-Life Insurance – Combined Ratio (%), 2010–2014

Table 44: Ghanaian Non-Life Insurance – Combined Ratio (%), 2014–2019

Table 45: Ghanaian Non-Life Insurance – Total Assets (GHS Million), 2010–2014

Table 46: Ghanaian Non-Life Insurance – Total Assets (GHS Billion), 2014–2019

Table 47: Ghanaian Non-Life Insurance – Total Investment Income (GHS Million), 2010–2014

Table 48: Ghanaian Non-Life Insurance – Total Investment Income (GHS Million), 2014–2019

Table 49: Ghanaian Non-Life Insurance – Net Written Premium (GHS Million), 2010–2014

Table 50: Ghanaian Non-Life Insurance – Net Written Premium (GHS Million), 2014–2019

Table 51: Ghanaian Property Insurance – Gross Written Premium (GHS Million), 2010–2014

Table 52: Ghanaian Property Insurance – Gross Written Premium (GHS Million), 2014–2019

Table 53: Ghanaian Motor Insurance – Gross Written Premium (GHS Million), 2010–2014

Table 54: Ghanaian Motor Insurance – Gross Written Premium (GHS Million), 2014–2019

Table 55: Ghanaian Liability Insurance – Gross Written Premium (GHS Million), 2010–2014

Table 56: Ghanaian Liability Insurance – Gross Written Premium (GHS Million), 2014–2019

Table 57: Ghanaian Marine, Aviation and Transit Insurance – Gross Written Premium (GHS Million), 2010–2014

Table 58: Ghanaian Marine, Aviation and Transit Insurance – Gross Written Premium (GHS Million), 2014–2019

Table 59: Ghanaian Personal Accident and Health Insurance – Gross Written Premium by Category (GHS Million), 2010–2014

Table 60: Ghanaian Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2010–2014

Table 61: Ghanaian Personal Accident and Health Insurance – Gross Written Premium by Category (GHS Million), 2014–2019

Table 62: Ghanaian Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Million), 2014–2019

Table 63: Ghanaian Personal Accident and Health Insurance – Direct Written Premium by Category (GHS Billion), 2010–2014

Table 64: Ghanaian Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2010–2014

Table 65: Ghanaian Personal Accident and Health Insurance – Direct Written Premium by Category (GHS Billion), 2014–2019

Table 66: Ghanaian Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Million), 2014–2019

Table 67: Ghanaian Personal Accident and Health Insurance – Paid Claims (GHS Million), 2010–2014

Table 68: Ghanaian Personal Accident and Health Insurance – Paid Claims (GHS Million), 2014–2019

Table 69: Ghanaian Personal Accident and Health Insurance – Incurred Loss (GHS Million), 2010–2014

Table 70: Ghanaian Personal Accident and Health Insurance – Incurred Loss (GHS Million), 2014–2019

Table 71: Ghanaian Personal Accident and Health Insurance – Loss Ratio (%), 2010–2014

Table 72: Ghanaian Personal Accident and Health Insurance – Loss Ratio (%), 2014–2019

Table 73: Ghanaian Personal Accident and Health Insurance – Combined Ratio (%), 2010–2014

Table 74: Ghanaian Personal Accident and Health Insurance – Combined Ratio (%), 2014–2019

Table 75: Ghanaian Personal Accident and Health Insurance – Total Assets (GHS Million), 2010–2014

Table 76: Ghanaian Personal Accident and Health Insurance – Total Assets (GHS Million), 2014–2019

Table 77: Ghanaian Personal Accident and Health Insurance – Total Investment Income (GHS Million), 2010–2014

Table 78: Ghanaian Personal Accident and Health Insurance – Total Investment Income (GHS Million), 2014–2019

Table 79: Ghanaian Personal Accident and Health Insurance – Net Written Premium (GHS Million), 2010–2014

Table 80: Ghanaian Personal Accident and Health Insurance – Net Written Premium (GHS Million), 2014–2019

Table 81: Ghanaian Personal Accident Insurance – Gross Written Premium (GHS Million), 2010–2014

Table 82: Ghanaian Personal Accident Insurance – Gross Written Premium (GHS Million), 2014–2019

Table 83: Ghanaian Travel Insurance – Gross Written Premium (GHS Million), 2010–2014

Table 84: Ghanaian Travel Insurance – Gross Written Premium (GHS Million), 2014–2019

Table 85: Ghanaian Reinsurance – Premium Ceded (Excluding Retrocession) by Insurance Segment (GHS Million), 2010–2014

Table 86: Ghanaian Reinsurance – Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010–2014

Table 87: Ghanaian Reinsurance – Premium Ceded (Excluding Retrocession) by Insurance Segment (GHS Million), 2014–2019

Table 88: Ghanaian Reinsurance – Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014–2019

Table 89: Ghanaian Life Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2010–2014

Table 90: Ghanaian Life Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2014–2019

Table 91: Ghanaian Non-Life Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2010–2014

Table 92: Ghanaian Non-Life Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2014–2019

Table 93: Ghanaian Personal Accident and Health Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2010–2014

Table 94: Ghanaian Personal Accident and Health Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2014–2019

Table 95: Ghanaian Average Annual Loss by Hazard

Table 96: Ghanaian Insurance Industry – Market Shares, 2013

Table 97: Ghanaian Life Insurance – Segment Shares, 2013

Table 98: Ghanaian General Insurance – Segment Shares, 2013

Table 99: SIC Life Insurance Company Ltd – Key Facts

Table 100: Enterprise Life Assurance Company Ltd – Key Facts

Table 101: SIC Insurance Company Ltd – Key Facts

Table 102: Enterprise Insurance Company Ltd – Key Facts

Table 103: Star Assurance Company Ltd – Key Facts

Table 104: Ghana – Insurance Regulatory Framework Key Features

Table 105: Ghana – Life Insurance Regulatory Framework

Table 106: Ghana – Property Insurance Regulatory Framework

Table 107: Ghana – Motor Insurance Regulatory Framework

Table 108: Ghana – Liability Insurance Regulatory Framework

Table 109: Ghana – Limits of Investments on Various Types of Assets

Table 110: Ghana – Corporate Tax Rates for the Financial Year 2015

Figures

Figure 1: Ghanaian Real GDP (GHS Billion) , 2010–2019

Figure 2: Ghanaian Consumer Price Inflation, 2010–2019

Figure 3: GHS–US$ Exchange Rate, 2010–2019

Figure 4: Ghanaian Unemployment Rate, 2010–2019

Figure 5: Ghanaian Population by Age Group, 1991–2025

Figure 6: Ghanaian Insurance – Gross Written Premium by Segment (GHS Billion), 2010–2019

Figure 7: Ghanaian Insurance – Gross Written Premium Market Dynamics by Segment, 2010–2019

Figure 8: Ghanaian Insurance – Direct Written Premium by Segment (GHS Billion), 2010–2019

Figure 9: Ghanaian Insurance – Direct Written Premium Dynamics by Segment, 2010–2019

Figure 10: Ghanaian Life Insurance – Gross Written Premium (GHS Million), 2010–2014

Figure 11: Ghanaian Life Insurance – Gross Written Premium (GHS Million), 2014–2019

Figure 12: Ghanaian Life Insurance – Direct Written Premium (GHS Billion), 2010–2014

Figure 13: Ghanaian Life Insurance – Direct Written Premium (GHS Billion), 2014–2019

Figure 14: Ghanaian Life Insurance – Paid Claims (GHS Million), 2010–2014

Figure 15: Ghanaian Life Insurance – Paid Claims (GHS Million), 2014–2019

Figure 16: Ghanaian Life Insurance – Incurred Loss (GHS Million), 2010–2014

Figure 17: Ghanaian Life Insurance – Incurred Loss (GHS Million), 2014–2019

Figure 18: Ghanaian Life Insurance – Net Written Premium as a Percentage of Gross Written Premium, 2010–2014

Figure 19: Ghanaian Life Insurance – Net Written Premium as a Percentage of Gross Written Premium (%), 2014–2019

Figure 20: Ghanaian Life Insurance – Total Assets (GHS Million), 2010–2014

Figure 21: Ghanaian Life Insurance – Total Assets (GHS Billion), 2014–2019

Figure 22: Ghanaian Life Insurance – Total Investment Income (GHS Million), 2010–2014

Figure 23: Ghanaian Life Insurance – Total Investment Income (GHS Million), 2014–2019

Figure 24: Ghanaian Life Insurance – Net Written Premium (GHS Million), 2010–2014

Figure 25: Ghanaian Life Insurance – Net Written Premium (GHS Million), 2014–2019

Figure 26: Ghanaian Life Insurance – Total Investment (GHS Million), 2010–2014

Figure 27: Ghanaian Life Insurance – Insurance Penetration (%), 2010–2014

Figure 28: Ghanaian Life Insurance – Direct Premium per Capita (GHS), 2010–2014

Figure 29: Ghanaian Non-Life Insurance – Gross Written Premium by Category (GHS Million), 2010–2019

Figure 30: Ghanaian Non-Life Insurance – Gross Written Premium by Category (%), 2014 and 2019

Figure 31: Ghanaian Non-Life Insurance – Gross Written Premium Dynamics by Category, 2010–2019

Figure 32: Ghanaian Non-Life Insurance – Direct Written Premium by Category (GHS Billion), 2010–2019

Figure 33: Ghanaian Non-Life Insurance – Direct Written Premium by Category (%), 2014 and 2019

Figure 34: Ghanaian Non-Life Insurance – Direct Written Premium Dynamics by Category, 2010–2019

Figure 35: Ghanaian Non-Life Insurance – Paid Claims (GHS Million), 2010–2014

Figure 36: Ghanaian Non-Life Insurance – Paid Claims (GHS Million), 2014–2019

Figure 37: Ghanaian Non-Life Insurance – Incurred Loss (GHS Billion), 2010–2014

Figure 38: Ghanaian Non-Life Insurance – Incurred Loss (GHS Million), 2014–2019

Figure 39: Ghanaian Non-Life Insurance – Loss Ratio (%), 2010–2014

Figure 40: Ghanaian Non-Life Insurance – Loss Ratio (%), 2014–2019

Figure 41: Ghanaian Non-Life Insurance – Combined Ratio (%), 2010–2014

Figure 42: Ghanaian Non-Life Insurance – Combined Ratio (%), 2014–2019

Figure 43: Ghanaian Non-Life Insurance – Total Assets (GHS Million), 2010–2014

Figure 44: Ghanaian Non-Life Insurance – Total Assets (GHS Million), 2014–2019

Figure 45: Ghanaian Non-Life Insurance – Total Investment Income (GHS Million), 2010–2014

Figure 46: Ghanaian Non-Life Insurance – Total Investment Income (GHS Million), 2014–2019

Figure 47: Ghanaian Non-Life Insurance – Net Written Premium (GHS Million), 2010–2014

Figure 48: Ghanaian Non-Life Insurance – Net Written Premium (GHS Million), 2014–2019

Figure 49: Ghanaian Non-Life Insurance – Total Investment (GHS Million), 2010–2014

Figure 50: Ghanaian Non-Life Insurance – Penetration (%), 2010–2014

Figure 51: Ghanaian Non-Life Insurance – Direct Premium per Capita (GHS), 2010–2014

Figure 52: Ghanaian Property Insurance – Gross Written Premium (GHS Million), 2010–2014

Figure 53: Ghanaian Property Insurance – Gross Written Premium (GHS Million), 2014–2019

Figure 54: Ghanaian Motor Insurance – Gross Written Premium (GHS Million), 2010–2014

Figure 55: Ghanaian Motor Insurance – Gross Written Premium (GHS Million), 2014–2019

Figure 56: Ghanaian Liability Insurance – Gross Written Premium (GHS Million), 2010–2014

Figure 57: Ghanaian Liability Insurance – Gross Written Premium (GHS Million), 2014–2019

Figure 58: Ghanaian Marine, Aviation and Transit Insurance – Gross Written Premium (GHS Million), 2010–2014

Figure 59: Ghanaian Marine, Aviation and Transit Insurance – Gross Written Premium (GHS Million), 2014–2019

Figure 60: Ghanaian Personal Accident and Health Insurance – Gross Written Premium by Category (GHS Million), 2010–2019

Figure 61: Ghanaian Personal Accident and Health Insurance – Gross Written Premium by Category (%), 2014 and 2019

Figure 62: Ghanaian Personal Accident and Health Insurance – Gross Written Premium Dynamics by Category, 2010–2019

Figure 63: Ghanaian Personal Accident and Health Insurance – Direct Written Premium by Category (GHS Million), 2010–2019

Figure 64: Ghanaian Personal Accident and Health Insurance – Direct Written Premium by Category (%), 2014 and 2019

Figure 65: Ghanaian Personal Accident and Health Insurance – Direct Written Premium Dynamics by Category, 2010–2019

Figure 66: Ghanaian Personal Accident and Health Insurance – Paid Claims by Category (GHS Million), 2010–2014

Figure 67: Ghanaian Personal Accident and Health Insurance – Paid Claims (GHS Million), 2014–2019

Figure 68: Ghanaian Personal Accident and Health Insurance – Incurred Loss (GHS Billion), 2010–2014

Figure 69: Ghanaian Personal Accident and Health Insurance – Incurred Loss (GHS Million), 2014–2019

Figure 70: Ghanaian Personal Accident and Health Insurance – Loss Ratio (%), 2010–2014

Figure 71: Ghanaian Personal Accident and Health Insurance – Loss Ratio (%), 2014–2019

Figure 72: Ghanaian Personal Accident and Health Insurance – Combined Ratio (%), 2010–2014

Figure 73: Ghanaian Personal Accident and Health Insurance – Combined Ratio (%), 2014–2019

Figure 74: Ghanaian Personal Accident and Health Insurance – Total Assets (GHS Million), 2010–2014

Figure 75: Ghanaian Personal Accident and Health Insurance – Total Assets (GHS Million), 2014–2019

Figure 76: Ghanaian Personal Accident and Health Insurance – Total Investment Income (GHS Million), 2010–2014

Figure 77: Ghanaian Personal Accident and Health Insurance – Total Investment Income (GHS Million), 2014–2019

Figure 78: Ghanaian Personal Accident and Health Insurance – Net Written Premium (GHS Million), 2010–2014

Figure 79: Ghanaian Personal Accident and Health Insurance – Net Written Premium (GHS Million), 2014–2019

Figure 80: Ghanaian Personal Accident and Health Insurance – Total Investment (GHS Million), 2010–2014

Figure 81: Ghanaian Personal Accident and Health Insurance – Penetration (%), 2010–2014

Figure 82: Ghanaian Personal Accident and Health Insurance – Direct Premium per Capita (GHS), 2010–2014

Figure 83: Ghanaian Personal Accident Insurance – Gross Written Premium (GHS Million), 2010–2014

Figure 84: Ghanaian Personal Accident Insurance – Gross Written Premium (GHS Million), 2014–2019

Figure 85: Ghanaian Travel Insurance – Gross Written Premium (GHS Million), 2010–2014

Figure 86: Ghanaian Travel Insurance – Gross Written Premium (GHS Million), 2014–2019

Figure 87: Ghanaian Reinsurance – Premium Ceded (Excluding Retrocession) by Insurance Segment (GHS Million), 2010–2019

Figure 88: Ghanaian Reinsurance – Dynamics by Insurance Segment, 2010–2019

Figure 89: Ghanaian Life Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2010–2014

Figure 90: Ghanaian Life Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2014–2019

Figure 91: Ghanaian Non-Life Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2010–2014

Figure 92: Ghanaian Non-Life Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2014–2019

Figure 93: Ghanaian Personal Accident and Health Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2010–2014

Figure 94: Ghanaian Personal Accident and Health Insurance – Percentage of Premium Ceded (Excluding Retrocession) (%), 2014–2019

Figure 95: Ghanaian Insurance Industry – Market Shares, 2013

Figure 96: Ghanaian Life Insurance – Segment Shares, 2013

Figure 97: Ghanaian General Insurance – Segment Shares, 2013

Figure 98: Ghana – Insurance Supervision and Control at Various Levels

Figure 99: Ghana – Insurance Regulatory Frameworks for Company Registration and Operation

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