IGI Life Assurance Ghana Limited Company
IGI Life Assurance Ghana Limited is a subsidiary of IGI Plc, one of the largest insurance companies in Nigeria. The company commenced business in Ghana with the aim of providing comprehensive insurance services to individuals and businesses in the country.
Company Profile
IGI Life Assurance Ghana Limited is a limited liability company registered under the laws of Ghana. The company’s main focus is on providing risk management services and general insurance products to its customers. With a diverse array of insurance services offered, IGI Life Assurance Ghana has become a major provider of insurance solutions in West Africa.
IGI Life Assurance Ghana Limited is backed by its parent company, IGI Plc, which has a strong presence in the insurance industry in Nigeria. IGI Plc is the largest insurance company in Nigeria and has been in operation for several decades. The company has a twelvemember board of directors, including nonexecutive board members and industry experts.
IGI Life Assurance Ghana Limited has a branch network that spans across 45 urban locations in Ghana. This extensive branch network allows the company to reach a wide range of customers and provide them with personalized insurance solutions.
Services Offered
IGI Life Assurance Ghana Limited offers a wide range of insurance services to individuals and businesses. Some of the insurance products offered by the company include:
- Life Insurance
- Health Insurance
- Motor Insurance
- Property Insurance
- Travel Insurance
- Marine Insurance
In addition to insurance services, IGI Life Assurance Ghana Limited also provides noninsurance services such as risk management and waste management solutions. These additional services help businesses mitigate risks and improve their overall operational efficiency.
Subsidiary Companies
IGI Life Assurance Ghana Limited operates as a subsidiary of IGI Plc and is part of a larger group of companies. The company has representative offices in Gambia, Rwanda, and Washington DC, which allows it to expand its operations and serve customers in these regions.
IGI Plc has several subsidiary companies that operate in various sectors, including industrial and financial services. These subsidiary companies contribute to the overall growth and success of the IGI Group.
Company’s Total Assets and Shareholders Equity
As of the latest financial report, IGI Life Assurance Ghana Limited has total assets worth US$338 million (NGN53 billion). This demonstrates the company’s strong financial position and its ability to meet its obligations to policyholders.
The shareholders’ equity of IGI Life Assurance Ghana Limited reflects the value of the company’s assets after deducting its liabilities. This provides an indication of the company’s net worth and its ability to generate profits for its shareholders.
Key Figures in the Company
IGI Life Assurance Ghana Limited is led by a team of experienced professionals who bring their expertise and industry knowledge to the company. One of the key figures in the company is Mr. Oluremi “Remi” Olowude, the founder and former CEO of IGI Plc. Mr. Olowude played a significant role in establishing IGI as a leading insurance company in Nigeria and has made valuable contributions to the growth of the company.
General Yakubu Gowon, the former Head of State of Nigeria, is also associated with IGI Life Assurance Ghana Limited as a nonexecutive board member. General Gowon’s involvement with the company brings a wealth of experience and knowledge to the board.
Conclusion
IGI Life Assurance Ghana Limited is a reputable insurance company in Ghana, offering a wide range of insurance products and services to individuals and businesses. With its strong financial position, experienced leadership, and extensive branch network, the company is well-positioned to meet the insurance needs of its customers. Whether it’s life insurance, health insurance, or property insurance, IGI Life Assurance Ghana Limited is committed to providing reliable and comprehensive insurance solutions.
Contact No: 030 2254486, 030 2254487