SIC Insurance Company
||This article contains content that is written like an advertisement. (May 2012)|
|Traded as||GSE: SIC|
|Genre||Insurers and reinsurers|
|Headquarters||SIC Head Office Building (Nyemitei House),
28/29 Ring Road East, Osu, Greater Accra, Ghana
|Max Cobbin (Chairman)
Doris Awo Nkani (CEO)
SIC Insurance Company(formerly called State Insurance Corporation) is a Ghanaian insurance company. They are listed on the stock index of the Ghana Stock Exchange, the GSE All-Share Index. It formed in February 1962. Recently its expansion plans were shelved due to the Ebola virus.
Oil & Gas
In the light of the Oil find along the western coast of Ghana, SIC Insurance positioned itself to underwrite Oil and Gas and other ancillary business in Ghana. Further to this, Ghana Insurers Associtaion (GIA) as a way of building capacity and positioning itself to adequately handles all related insurances on Oil and Energy Risks, and formes a Pool. All insurances relating to exploration, drilling, through to the production of oil and gas are placed in the pool and the core responsibility of the entire portfolio is managed by the appointed Manager. SIC Insurance was appointed as the pool Manager based on our Capital Base, Human Resource Capacity, and Track record among other things. SIC Insurance responsibility involves dealing with all the Ghana insurance companies participating in the pool, the clients and other stakeholders as well as the overseas re-insurers.
SIC Insurance is the leading provider of non-life insurance products in Ghana with an estimated Market share of over 25%. The company exceeds the minimum stated capital requirement of US$1million (GH¢1.42million) set by the National Insurance Commission of Ghana.
- Board of Directors - SIC Insurance Company. pbcgh.com.
- Sic Insurance Co Ltd (SIC:Accra). investing.businessweek.com.
- SIC Insurance Company. bloomberg.com (Bloomberg L.P.).
- SIC Insurance of Ghana First-Quarter Profit Rises 37%. bloomberg.com (Bloomberg L.P.).
- "SIC Ghana Halts West Africa Expansion Plans Citing Ebola". Bloomberg Business. Retrieved 23 March 2015.
- About Us - SIC Insurance Company. pbcgh.com.
- SIC Insurance Company official homepage
- SIC Insurance Company - Annual Report 2010
- SIC Insurance Company at Ghanastocks.net
- SIC Insurance Company at Alacrastore