Sic Insurance Company Limited (Ghana)

activity:The Company is a provider of general or non-life insurance products in Ghana. Its business operations cover fire, motor, marine and aviation and accident insurance. The company also provides specialty insurance products, such as hoteliers and leisure policy, a policy for the hospitality industry. Its products include inter-state road transport insurance, Akwaaba insurance, travel insurance and flexi home.
Our Vision:We will maintain our dominance in the Insurance Industry.
Our Mission:To enhance service delivery and stakeholder value using cutting - edge technology and innovation to drive productivity.
History:
1955:SIC Insurance Company Limited is one of the oldest non-life insurance companies in Ghana. It traces its roots to the year 1955, when the Gold Coast Insurance Company was established.
1957:The Company changes name to be Ghana Insurance Company in 1957, when Ghana attained independence.
In 1960:Ghana Insurance Company which was primarily a life assurance company, set up a subsidiary company, Ghana General Insurance Company (Ghana General) to underwrite fire and motor businesses.
1962:The Government of Ghana in February 1962, per an Executive Instrument, took over the Ghana Cooperative Insurance Company and reconstituted it into the State Insurance Corporation to await the completion of takeover negotiations with Ghana Insurance Company and its subsidiary Ghana General. Subsequently after a successful takeover of the two private companies – Ghana Insurance and Ghana General, the new company, State Insurance Corporation, commenced business in November, 1962.
In 1995: State Insurance Corporation was converted into a public limited liability company as a part of the Government of Ghana's divestiture programme. The company became known as State Insurance Company of Ghana Limited with the Government of Ghana as the sole shareholder. The State Insurance Company of Ghana Ltd. took over all the business assets and liabilities of the State Insurance Corporation of Ghana.
2007:By a special resolution passed on October 22, 2007, the name of the company was changed to SIC Insurance Company Limited.
2008:The company was listed in Ghana Stock Exchange on January 25, 2008.