Business News of Thursday, 20 January 2022
Source: www.ghanaweb.live
2022-01-20NIC hits target of training 10,000 youth for insurance industry
Dr. Justice Yaw Ofori is Commissioner of Insurance at the NIC
NIC trains youth to create employment, build capacity
Insurance penetration in Ghana still remains low, NIC
GIC facilitates insurance sector training in Ghana
The National Insurance Commission (NIC) has achieved its target of training 10,000 youth as Insurance Salespersons for Ghana’s Insurance Industry.
The training of the youth as insurance agents was
Read full articleinstituted by the Commission in 2019 as part of its initiatives to help them develop careers in the insurance profession.
Dr. Justice Ofori, the Commissioner of Insurance, made this disclosure on the sidelines of a training programme organised for some 70 National Service Personnel by the NIC in collaboration with the Motor Traffic and Transport Department (MTTD) of the Ghana Police Service in Kumasi.
Impressed with the level of enthusiasm and interest shown by the youth which has culminated into these numbers, Dr. Ofori was excited about the fact that the target of 10,000 youth has been achieved just a few years after the commencement of the training programmes.
He used the opportunity to encourage the youth to pursue careers in insurance as the industry presents them with a lot of potentials for personal and national development.
He commended the Ghana Insurance College (GIC) which facilitated these training programmes and continues to do so across the country.
Speaking on the need for collaboration between the NIC and the Police MTTD at the training launch of National Service Personnel posted to the MTTD, Dr. Ofori underscored the importance of providing education on insurance to all categories of people to enable them appreciate the importance of insurance as a risk management mechanism.
"We realized that there is the need to demystify insurance and to do so, the first group of people we need to deal with are the Police and other security agencies. With the Police, though the law stipulates clearly that people should not drive motor vehicles without insurance on our roads, the NIC together with the insurance companies cannot, on their own, enforce the law hence the collaborative support of the police," he intimated.
The Ghana Insurance College is Ghana's premier Insurance training institution established in 2006 by the NIC, Ghana Insurers Association (GIA) Chartered Insurance Institute of Ghana (CIIG) and the Insurance Brokers Association of Ghana (IBAG) with the view to providing the manpower needs for the insurance industry.
The institution has since trained thousands of people out of which about 350 have attained the Chartered Insurance status.
Apart from insurance industry players, the College runs programmes for other professionals such as Lawyers, Medical Practitioners, Engineers, Public Servants, Bankers, Accountants, etc.
