this is just to milk the poor. what do these insurance companies offer to road users. They think owe are fools,how can you get up and increase premium from 70gh to 430gh.
this is just to milk the poor. what do these insurance companies offer to road users. They think owe are fools,how can you get up and increase premium from 70gh to 430gh.
mensa 10 years ago
Ghana insurance companys will all the time look for ways to steal from the people,we all know when they need to address a claim they go and hide after taking our hard earnd money
Ghana insurance companys will all the time look for ways to steal from the people,we all know when they need to address a claim they go and hide after taking our hard earnd money
Hard Listerners 10 years ago
You insurers will eat the humble pie on this move, mark my words.
You insurers will eat the humble pie on this move, mark my words.
Captein 10 years ago
The explanation given for the increment is untenable and the effective date is even scandalous. Meaning the notice is extremely short to the extent that one wonders who actually regulates these insurers or actuaries.
The lea ... read full comment
The explanation given for the increment is untenable and the effective date is even scandalous. Meaning the notice is extremely short to the extent that one wonders who actually regulates these insurers or actuaries.
The least said about how exhorbitant the new rates are, it will encourage a lot of wrong doing since it will make monitoring difficult and some commercial vehicle owners may be compelled to delay payment in which case accident as and when they occur passengers will not be covered.
So the mischief that is sort to be arrested will actually be defeated overall.
The authorities should look into the decision more critically before it takes effect. And since it has already taken effect it should be suspended for a moment and a period of about 6 months notice will be appropriate.
Especially, not at a time when flood have just damaged a large percentage of cars in the capital city.
These insurers did not even mention what the will pay or do for flood damaged cars and car owners.
It is like they are saying fix your car yourself and the moment you are back on the roads your insurance will go up.
This attitude by insurers will put a lot of struggling car owners out of business and the ripple effect will mean higher transportation fares.
Already everyone knows the metro transport system have been struggling to leverage the government invested, and the State Transport (STC) has not been doing any better.
NK 10 years ago
Insurance companies in Ghana do not have actuarial departments not to talk of recruiting actuaries. Ask them the method they use to calculate motor premiums and you will be amazed. Honestly, they prefer marketers, chartered i ... read full comment
Insurance companies in Ghana do not have actuarial departments not to talk of recruiting actuaries. Ask them the method they use to calculate motor premiums and you will be amazed. Honestly, they prefer marketers, chartered insurers, IT professionals etc to actuaries. The regulators are definitely not up to the task. MOST OF THESE COMPANIES CANNOT PRICE, PROFIT TEST, DETERMINE RESERVES ETC WHICH ARE FUNDAMENTAL IN INSURANCE. The explanations given was not supported with facts but speculated as if is a social issue rather than scientific.
Kwame Duodu, Assin manso 10 years ago
This criminal. Even third party, have they fixed all damaged road signs and street lights destroyed by vehicles they have insured?
This criminal. Even third party, have they fixed all damaged road signs and street lights destroyed by vehicles they have insured?
daladam 10 years ago
ALL GHANA INSURANCE COPMPANYS ARE CRIMINAL ,MAFIA ORGANISATION THAT TAKE OUR MONEY AND NEVER EVER PAYS ANY CLAIM FALKS DONT TRUST GHANA INSURANCE INDUSTRY AT ALL
ALL GHANA INSURANCE COPMPANYS ARE CRIMINAL ,MAFIA ORGANISATION THAT TAKE OUR MONEY AND NEVER EVER PAYS ANY CLAIM FALKS DONT TRUST GHANA INSURANCE INDUSTRY AT ALL
ssmpsandufe 10 years ago
olebu
olebu
RAY 10 years ago
HOW MUCH DO THEY PAY AS CLAIMS PER DAY? THE NEW POLICY IS SIMPLY UNREASONABLE
HOW MUCH DO THEY PAY AS CLAIMS PER DAY? THE NEW POLICY IS SIMPLY UNREASONABLE
Kofi Kafui 10 years ago
This stupidity will only happend in ghana
This stupidity will only happend in ghana
KEN 10 years ago
they just take our money and never pay on any claims don't mind them falks stay away from fraduluent Ghana insurance companys
they just take our money and never pay on any claims don't mind them falks stay away from fraduluent Ghana insurance companys
Nana Kojo brebo ll 10 years ago
hey John mahama we all know that govt duty is to help citizens but u are rather causing serious injuries to us.We believed in u that is why we voted for u but u hv stabbed us at our back.
hey John mahama we all know that govt duty is to help citizens but u are rather causing serious injuries to us.We believed in u that is why we voted for u but u hv stabbed us at our back.
Killmequick 10 years ago
This is the caring government you promised. In the midst of job losses due to dumsor and unprecedented inflation you are increasing premium on vehicles, prices go up food prices go up fares go up, and only minsters and presid ... read full comment
This is the caring government you promised. In the midst of job losses due to dumsor and unprecedented inflation you are increasing premium on vehicles, prices go up food prices go up fares go up, and only minsters and president have everything free.
Papa 10 years ago
Can't wait to go for demo on this one. This is criminal... We simply cannot pay.
Can't wait to go for demo on this one. This is criminal... We simply cannot pay.
ON THE POOR MASES. THE COST IS JUST TOO MUCH.
this is just to milk the poor. what do these insurance companies offer to road users. They think owe are fools,how can you get up and increase premium from 70gh to 430gh.
Ghana insurance companys will all the time look for ways to steal from the people,we all know when they need to address a claim they go and hide after taking our hard earnd money
You insurers will eat the humble pie on this move, mark my words.
The explanation given for the increment is untenable and the effective date is even scandalous. Meaning the notice is extremely short to the extent that one wonders who actually regulates these insurers or actuaries.
The lea ...
read full comment
Insurance companies in Ghana do not have actuarial departments not to talk of recruiting actuaries. Ask them the method they use to calculate motor premiums and you will be amazed. Honestly, they prefer marketers, chartered i ...
read full comment
This criminal. Even third party, have they fixed all damaged road signs and street lights destroyed by vehicles they have insured?
ALL GHANA INSURANCE COPMPANYS ARE CRIMINAL ,MAFIA ORGANISATION THAT TAKE OUR MONEY AND NEVER EVER PAYS ANY CLAIM FALKS DONT TRUST GHANA INSURANCE INDUSTRY AT ALL
olebu
HOW MUCH DO THEY PAY AS CLAIMS PER DAY? THE NEW POLICY IS SIMPLY UNREASONABLE
This stupidity will only happend in ghana
they just take our money and never pay on any claims don't mind them falks stay away from fraduluent Ghana insurance companys
hey John mahama we all know that govt duty is to help citizens but u are rather causing serious injuries to us.We believed in u that is why we voted for u but u hv stabbed us at our back.
This is the caring government you promised. In the midst of job losses due to dumsor and unprecedented inflation you are increasing premium on vehicles, prices go up food prices go up fares go up, and only minsters and presid ...
read full comment
Can't wait to go for demo on this one. This is criminal... We simply cannot pay.