Operations
Products
SIC Insurance writes virtually all classes of short-term insurance including five which covers Automobile, motor, fire, marine, aviation, general accident, and policies for the hospitality industry.About Us - SIC Insurance CompanyOil and gas
In light of the Petroleum, oil found along the western coast of Ghana, SIC Insurance positioned itself to underwrite oil and Natural gas, gas and other ancillary businesses in Ghana. Further to this, Ghana Insurers Association (GIA) as a way of building capacity and positioning itself to adequately handle all related insurance on oil and energy risks, and form a pool. All insurances relating to Hydrocarbon exploration, exploration, drilling, to the production of oil and gas are placed in the pool and the core responsibility of the entire portfolio is managed by the appointed Manager. SIC Insurance was appointed as the pool manager based on their capital base, human resource capacity, and track record among other things. SIC Insurance's responsibility involves dealing with all the Ghana insurance companies participating in the pool, the clients and other stakeholders as well as the overseas re-insurers.Market share
SIC Insurance is one of the leading providers of non-life insurance products in Ghana with an estimated market share of over 12Percentage, %. The company exceeds the minimum stated capital requirement of United States dollar, US$1 million (Ghana cedi, GH¢1.42 million) set by the National Insurance Commission of Ghana.References
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