Solomon Lartey of ACTIVA is the best CEO of the year in non-life insurance

News of the Wednesday, July 31, 2019

Source: Maxwell Atuanor

2019-07-31

CEO / General Manager of ACTIVA International Insurance Company (Gh) Limited, Mr. Solomon Lartey, has been named Best CEO of Property & Casualty Insurance of the Year, 2019.

The prize was awarded at the Ghana Insurance Awards 2019 ceremony held at the Kempinski Hotel in Accra on Friday, July 27, 2019.

In a quotation from the price, the relevant technical committee and the selection board noted that Mr. Solomon Lartey had steered Activa International Insurance's business diligently and had steadily increased the firm's gross premium. 20% in 2018, while the overall industry grew by 3.4%, making it the 7th largest insurance company in the market on 29 non-life companies. The gross premium of the company increased by 35% in 2017. They added that during the year under review, Activa had seen its profit increase by 47%, going from 4.8 million GH in 2017 to 7, 1 million in 2018.

Commenting on the award, Mr. Solomon Lartey said: This award was given at a time when insurance companies are facing many challenges. in particular, the low penetration of insurance and the beginning of a new minimum capital requirement scheme in the industry.

Despite the fierce competition in the Ghana insurance industry with 54 companies and more than 80 brokerage firms, little has been seen about insurance penetration, adding that the time was ripe for the insurance companies. insurance to innovate or disappear.

In 2018, Mr. Lartey was named CEO of Insurance of the Year at the 8th Ghana Entrepreneurs and Corporate Executive Awards organized by the Ghana Entrepreneurs Foundation.

Activa International Insurance's Global Insurance Rating (GCR), ranked in Category A, was named Insurance Company of the Year by the Chartered Institute of Marketing Ghana (CIMG) at its award ceremony 2018 in Accra. Activa provides world-clbad insurance services in more than 48 of the 54 African countries through its Globus network.

The company is the largest insurer of Corporate Ghana and the preferred partner and representative of some of the largest and best insurance groups in the world, such as Chubb, Zurich, IF and many other reputable insurance groups and organizations .

The Ghana Insurance Awards, organized on the theme "Stewardship, Standards, Product Innovations, ICT and Corporate Social Responsibility", were honored, Hon. Daniel Nii Kwartei Titus Glover – Deputy Minister of Transport.

In his speech, the Hon. Titus Glover has asked insurance companies to increase the payment of claims for property damage. He also revealed that very soon, all public buses would have a manifest system that would record names and phone numbers of pbadengers, so that in case of accident, families could be contacted to obtain claims and badistance.

Mr. Daniel Kwaku Afriyie, a member of the West African Insurance Institute in Ghana and The Gambia, received the Life Time Achievement Award. Among the other beneficiaries, Ms. Aretha Duku was named insurance personality of the year; Mrs. Elizabeth Wyns Dogbe as CEO of Life Insurance of the Year; and Nancy Ampah of Nationwide Medical Insurance as CEO of Private Health Insurance.

The Young Achiever Award of the year was awarded to Achumile Majija; Daniel Gyasi Nyarko received the Unsung Hero Award. A total of 40 awards were given to insurance companies and personalities who distinguished themselves in the year under review.

The Ghana Insurance Awards was organized by Xodus Communications under the auspices of the Ghana Insurers Association.