The Top 10 Insurance Companies in Ghana

By | July 9, 2022

Sometimes it might be quite tricky to attach a definition to what an insurance company is. 

However, in a general term, the word insurance is an assurance of compensation for a likely loss that an individual or group might encounter in the future, exchangeable with a constant or regular payment.

We will be discussing, in this article, the top 10 insurance companies in Ghana.

The purpose of insurance is to serve as protection for an individual or company, against losses that could pose a threat to their financial stability.

With this in mind, it is then considered wise that you are able to secure for yourself the best firms that would give you an assurance of safety on your life and properties.

The Top 10 Insurance Companies in Ghana

The list below includes the top ten insurance companies in Ghana. 

#1. Nationwide Medical Insurance

Nationwide Medical Insurance

Nationwide Medical Insurance

Nationwide Medical Insurance is a health insurance company that is privately owned and operated, and its primary mission is to provide comprehensive health plans that address all of your health-related concerns.

They offer the best service to assist in enhancing your overall health and wellbeing.

At the moment, it is considered to be one of the most reputable health insurance firms in Ghana.

#2. State Insurance Company

In Ghana, State Insurance Company SIC is a well-known and respected insurance provider, and the company’s branches can be found all across the country.

It is well acknowledged that SIC is a prominent participant in the provision of non-life insurance products due to the presence of approximately 1400 shareholders on its platform.

The majority of the risks that the insurance firm covers are those associated with the marine industry, accidents, oil and gas, as well as travel.

They are highly regarded for the high quality of customer care that they provide as well as for their professionalism in the industry.

#3. Enterprise Insurance Company

Enterprise Insurance Company

Enterprise Insurance Company

It was in the year 1924 that the enterprise insurance company was established, and ever since then, it has been of service to the nation by offering insurance policies that are irresistible to consumers.

Their services are well positioned to aid their customers in the management of their physical and financial loss, in addition to assisting them in securing their futures.

They have locations all across the country, many of which are in strategically advantageous positions, which helps bring attention to the company.

In addition to providing customers with life-altering results, the organization is committed to doing so.

#4. Hollard Insurance Ghana

Hollard Insurance Ghana

Hollard Insurance Ghana

Holland Insurance began their journey in 1993 under the name Madison Insurance, which was changed to Metropolitan Insurance Company after only a few short years in business.

The company was established in 1993.

After taking steps to diversify into the provision of other business and personal products, the insurance company did not begin full-scale operations until the year 2015, despite having previously taken such steps.

The business currently operates out of locations in Ghana including Kumasi, Tamale, Takoradi, and Tema.

Indemnity, bonds, fidelity guarantees, engineering insurance, transit goods insurance, fire insurance, burglary insurance, travel insurance, executive insurance, personal accident cover, and a whole host of other types of insurance are just some of the products that this company offers.

#5. Priority Insurance Company

Priority Insurance Company

Priority Insurance Company

In 2014, Priority Insurance Company was ranked as Ghana’s third-fastest-growing insurance firm, and it is widely recognized as one of the country’s most reliable providers.

The organization has been in business for over 7 years, and its dedicated employees are ready to meet any of your insurance needs.

Motor, transit goods, indemnity, third party liability, advanced loss of profits, business interruption, bonds, fire, theft, marine, and construction insurance are just some of the products the company provides.e

#6. Old Mutual Assurance

Old Mutual Assurance, which has its roots in South Africa, is a premier provider of financial services and is currently in the process of getting listed on the stock exchanges in both Johannesburg and London.

Old Mutual, which is recognized as one of the most reliable insurance providers in the country, offers a comprehensive selection of services to its customers, which helps to ensure that those customers receive the most advantageous deals possible.

Among the available products are Group life insurance, Credit life insurance, vacation insurance, and an Education plan.

#7. Star life Assurance Company Limited

Star life Assurance Company Limited

Star life Assurance Company Limited

Star Life Limited is widely regarded as one of the most reputable providers of life insurance in Ghana.

It is committed to providing life assurance investment products in order to fulfill the requirements of its citizens in a manner that is appropriate.

Accra is home to this legitimate business, which can be found on Mankata Avenue.

#8. Saham insurance

Saham insurance

Saham insurance

The Saham Insurance is a Pan-African insurance group that provides a broad range of services relating to insurance, such as health insurance, life insurance, non-life insurance, and reinsurance. This organization has been around for more than 37 years.

#9. Milife Insurance

Milife Insurance

Milife Insurance

2005 marked the beginning of operations for Milife Insurance, which is currently ranked as the nation’s seventeenth-best insurance company.

In August of 2017, it was determined that the company was the eighth most successful insurance firm in Ghana.

They have locations all across the country, and with a total capitalization of over 57 million Ghana cedis, they are considered to be one of the most well-capitalized insurance companies in the country.

The improvement of their clients’ lives and the provision of savings opportunities that are both more reasonable and more easily accessible are the primary focuses of this company.

Products include miWay, miEducation, miKids, miLegacy, and miTribute.

Other products include Keyman life, Mortgage life, Credit life, and Group life.

Accra serves as the headquarters, while additional locations may be found in Kumasi, Takoradi, Koforidua, Tamale, and other cities and towns around Ghana.

#10. Allianz Insurance

Allianz Insurance

Allianz Insurance

The company has a wide range of products that are created to benefit the lives of the clients and they have served the country for some years now.

An affiliate of the Alliance Group of Germany, the international experience of the company has helped them in securing the trust of their clients in Ghana. They are regarded as one of the best insurance firms in the country and licensed by the Ghana insurance commission.

Products include Auto Insurance, health insurance, investments and savings, homeowners insurance and travel insurance.

They have their head office in Accra.


The best thing that could happen to you is to get an insurance plan that adequately covers your current and future requirements.

All around, Ghana has excellent and reasonably priced insurance providers.

These insurance providers are unrivaled in the quality of service they offer their clients and the variety of plans they offer in Ghana.

If you’re looking for insurance in Ghana, we recommend using one of the businesses on our recommended list.