The review which took effect in January this year, also formed part of the NIC’s quest to strengthen the financial capacity of operators in the Ghanaian insurance Industry.
Some insurers have since welcomed the announcement explaining that it will benefit the insurance industry as only strong companies will be able to operate.
Meanwhile the Managing Director of Wapic Insurance, Adedayo Arowojolu assured of the company’s resolve to transform the insurance industry for the benefit of customers and other stakeholders.
Wapic Insurance Plc, is a leading West African multi-line insurance company providing solutions covering life, general and special risks.
Established in 1958 and listed on the Nigerian Stock Exchange since 1978, the company’s mission is to transform and illuminate the insurance industry for the benefit of her customers and other stakeholders.
The Company has two wholly owned subsidiaries, Wapic Life Assurance Limited and Wapic Insurance (Ghana) Limited as well as an associated company, Coronation Merchant Bank Limited.
– See more at: http://citifmonline.com/2016/04/19/wapic-insurance-meets-nics-increased-capital-requirement/#sthash.rpnCJuJB.dpuf
