NSIA Insurance Company Limited started operations in Ghana in the year 2010 as a General Insurer offering non-life insurance products including Motor, Travel, Fire, Marine, General Accident and Engineering. It was founded with the mission to “showcase the real face of Insurance through positive experience by offering competitive and innovative insurance solutions” with the vision of being “the preferred and recognized Pan African Insurance company, performing according to international standards”, guided by the core values of Responsibility, Innovation, Customer-focused, Integrity and Performance.
NSIA Ghana is a subsidiary of Groupe NSIA, a Pan-African Financial Service Group which currently operates in 12 countries in Western and Central Africa. Founded in 1995 and Headquartered in Abidjan, the Group owns 20 subsidiary Insurance Companies, 3 Banks, a Real Estate, Asset Management, Stock Brokerage, Foundation and I.T. with over 2,800+ employees.
NSIA Insurance (Ghana) is rated A-(GH) (A minus) with a “Stable” outlook in terms of Financial Strength by the Global Credit Rating (GCR), South Africa. Risk adjusted capitalization has been maintained at very strong levels, with the GCR capital adequacy ratio (“CAR”) registering above 3x over the past four years, supported by healthy internal capital generation and low exposure to underwriting and market risks. In addition, we have maintained regulatory solvency (CAR) at high levels above 760% as against regulatory benchmark of 150%. We have strong asset quality with high liquidity position.
Our corporate vision is to “Provide exceptional service to customers through innovation, people, leadership and sound financial controls to become the insurance reference in Ghana”.
Our mission is to showcase the real face of insurance through a positive experience.