Ghana · West Africa · class L

Life insurance companies in Ghana

17 licensed life insurers, 35% of the 48 insurance entities supervised by the National Insurance Commission. Long-term life assurance, annuities, pensions and savings products.

CompanyClassParent / groupOwnershipRegulatorVerification
Aster Life Ghana
Newer NIC-licensed life insurer
LLifeIndependentDomestic privateNICVerified
Donewell Life Insurance CoLLifeIndependentDomestic privateNICVerified
Enterprise Life Assurance CoLLifeEnterprise GroupPan-African groupNICVerified
Exceed Life Assurance CoLLifeIndependentDomestic privateNICVerified
First Insurance CoLLifeIndependentDomestic privateNICVerified
GLICO Life Insurance CoLLifeGLICO GroupDomestic privateNICVerified
Ghana Union Assurance Life CoLLifeGUADomestic privateNICVerified
Hollard Life Assurance Co GhanaLLifeHollard GroupPan-African groupNICVerified
Metropolitan Life Insurance Ghana
Verify - reported merger into Sanlam Allianz
LLifeMomentum GroupPan-African groupNICVerified
Old Mutual Assurance GhanaLLifeOld Mutual LtdPan-African groupNICVerified
Phoenix Life Assurance CoLLifeIndependentDomestic privateNICVerified
Prudential Life Insurance GhanaLLifePrudential plcForeign multinationalNICVerified
Quality Life Assurance CoLLifeIndependentDomestic privateNICVerified
SIC Life Insurance CoLLifeGovernment of GhanaState-owned / parastatalNICVerified
Sanlam Allianz Life Insurance Ghana
Merger of Allianz Life and Saham Life Ghana
LLifeSanlam AllianzPan-African groupNICVerified
StarLife Assurance CoLLifeStar Assurance GroupDomestic privateNICVerified
miLife InsuranceLLifeIndependentDomestic privateNICVerified

About life insurers in Ghana

How many life insurers are licensed in Ghana?

17 of the 48 licensed insurance entities in Ghana are classified as life (35%), according to the NIC register as reflected in this directory (verified - register base + annotations).

Who regulates life insurers in Ghana?

National Insurance Commission (NIC), under Insurance Act 2021 (Act 1061). Official website: https://nicgh.org.

Are the life insurers in Ghana locally or foreign owned?

6 of 17 belong to pan-African or foreign multinational groups (including Enterprise Group, Hollard Group, Momentum Group, Old Mutual Ltd), 1 are state-owned, and the rest are domestic private companies.

Data: /api/v1/countries/ghana.json (filter byclass = "life"). Licence CC BY 4.0, attribute KAFS North America.