Unique Insurance Company Ltd: Providing Innovative Insurance Products for the Past Ten Years
Unique Insurance Company Limited is a subsidiary of the Labour Enterprises Trust (LET), the business outfit of the Trade Union Congress (TUC) of Ghana. It is also partially owned by some Cooperative Societies and National Unions, including the Ghana National Association of Teachers. Unique Insurance Co Ltd is affiliated to the International Cooperative and Mutual Insurance Federation (ICMIF) with the secretariat based in Manchester, United Kingdom. The ICMIF is represented in about 72 countries by 200 insurance companies, with Unique Insurance Company Limited being the only member in Ghana.
Over the past ten years, Unique Insurance Company Ltd has established itself as a leading player in the insurance industry in Ghana. The company has built a unique brand designed to ensure adequate returns for its policyholders while providing comprehensive coverage for various risks.
Unique Insurance Products
Unique Insurance Company Ltd offers a wide range of innovative insurance products to cater to the diverse needs of its customers. These products include:
- Unique Travel Insurance: Provides coverage for medical expenses, trip cancellation, lost baggage, and other travel-related risks.
- Unique Life Assurance: Offers life insurance coverage to protect the financial well-being of policyholders and their loved ones.
- Unique WC Policy: Provides workers’ compensation coverage to protect employees in the event of work-related injuries or illnesses.
- Unique Marine Insurance: Covers risks associated with ocean moving vessels, including cargo damage, hull damage, and liability for bodily injury caused by maritime accidents.
- Unique Motor Insurance: Offers comprehensive coverage for vehicles, including third-party liability, own damage, and theft.
These are just a few examples of the insurance products offered by Unique Insurance Company Ltd. The company continuously strives to develop new and innovative insurance solutions to meet the evolving needs of its customers.
Channel Distribution Management
Unique Insurance Company Ltd employs a robust channel distribution management strategy to ensure efficient and effective distribution of its insurance products. The company works with a network of insurance brokers, agents, and intermediaries to reach a wide customer base across Ghana.
The branch operations officers of Unique Insurance Company Ltd play a crucial role in managing the distribution channels and maintaining strong relationships with the company’s partners. They work closely with brokers and agents to provide training and support, ensuring that customers receive the best possible service and advice.
Financial Performance and Credit Ratings
Unique Insurance Company Ltd has consistently demonstrated positive financial performance over the years. The company’s leverage measures are well within acceptable limits, and it has consistently reported a positive net income. In addition to premium income, Unique Insurance Company Ltd generates substantial fee income from its insurance and risk management services.
The company’s financial strength and stability are further validated by its credit ratings. Unique Insurance Company Ltd has received authoritative insurance ratings from reputable rating agencies, with individual ratings referenced in credit rating opinions. These ratings reflect the company’s ability to meet its financial obligations and provide reliable insurance coverage to its policyholders.
Industry Recognition and Associations
Unique Insurance Company Ltd is a member of the Ghana Insurers Association (GIA), the industry body representing insurance companies in Ghana. The company actively participates in the activities of the GIA, contributing to the development and growth of the insurance industry in the country.
Furthermore, Unique Insurance Company Ltd is affiliated with the Ghana Insurance College, a leading institution for insurance education and training in Ghana. The company supports the college’s initiatives to enhance the knowledge and skills of insurance professionals in the country.
Contact Information
Contact No: 2330302 2481747
Postal Address: No 86 North Ridge, Ring Road Central, Former KLM building, Adjacent DHL
Location: Ring Road Central, Greater Accra
Website: www.uniqueinsurancegh.com
Email: Send Enquiry
Unique Insurance Company Ltd is committed to providing innovative insurance products and excellent customer service. With its strong financial performance, industry recognition, and diverse range of insurance solutions, the company continues to be a trusted partner for individuals and businesses in Ghana.