About Us

Like any other profession, the need for a professional body became necessary to provide a unifying and common platform to regulate the professionals working in the insurance market. This was what urged the pioneering professionals to come together to establish the Insurance Institute of Ghana (now the Chartered Insurance Institute of Ghana) in the year 1970.

The Institute was formally inaugurated in 1972 by the late former Head of State Col. I.K. Acheampong. The first governing Council included the late Mr. Anthony Woode, Mr. Emmanuel Lartey, Mr. J. R Marcells, Nana Awuah Darko and Mr. Osei Kuffuor. The Institute in the year 1980 was officially incorporated as a company Limited by Guarantee under the Companies’ Code 1963, Act 179.

The Institute for a very long period of inactivity saw a decline in patronage by members who were on roll rendering it dormant.

Past Presidents of the Institute include Nana Awuah Darko-Ampem I, Mr. Osei Kuffuor, Mr. Edward Mensah, Mr. Selbi Ashong- Katai and Mr. Albert Brock.

The Insurance Institute of Ghana became the Chartered Insurance Institute of Ghana (CIIG) in the year 2017 under the leadership of its President, Rev. Asante Marfo-Ahenkora, Managing Director of Tri-Star Insurance Services Ltd.

The core values of the Institute are Professionalism, Integrity and Excellence and its main objectives are to promote the development of the Insurance profession and practice to ensure the integrity of insurance management in the country and also ensure that insurance practice and services are of the highest possible standards and conform to internationally-accepted best practice.

The Institutes currently boasts of 538 registered Members even though it is estimated that the Ghana insurance industry has an estimated 1500 professionally qualified members.

The operations of the Institute are led by the Governing Council which is made up of 6 elected Members, 4 Institutional Representatives and 1 Ex-officio Member.

The current Members of the Governing Council are:

  1. Asante Marfo-Ahenkora –           President
  2. Tawiah Ben-Ahmed –           Vice President
  3. Yvonne Osei-Addo –           General Secretary
  4. David M. Avor –           Asst. Gen. Secretary
  5. Enock Narh –           Treasurer
  6. Kofi O. Akoto –           Public Relations Officer
  7. Shaibu Ali –           GIBA Representative
  8. Stella Jonah –           NIC Representative
  9. George Addison –           GIA Representative
  10. Richard Okyere –           GIC Representative

The Institute is currently working on attaining Chartership and is at the stage of submitting its Draft Bill for approval by Parliament. It is hoped that by next year this process would have been completed and the Institute shall start to award its own local charter but this would not change the existing relationship between the CII, UK and the CIIG. As it stands, the Institute supervises the exams for the CII, UK and this has been the case for more than 10 years now.

The Institute now has 6 standing Committees. They are:

  1. Professional Standards, Discipline & Ethics Committee
  2. Legal Committee
  3. Professional Education & Research Committee
  4. General Purpose Committee
  5. Editorial & Publicity Committee
  6. Finance & Audit Committee

 

The Chartered Insurance Institute of Ghana is located at No. 67 Independence Avenue within the premises of the National Insurance Commission and has a staff-strength of 3 employees, i.e. an Administrative Secretary, who handles the day-to-day affairs of the CIIG, an Administrative Assistant and an Accounts Officer.

Aim & Objectives

To conduct or provide for the conduct of the qualifying examinations for membership of the Institute or for registration as a professional insurer and to prescribe or approve courses of study for such examinations.

To advise on academic standards, qualifications and skills development of members in the insurance industry

To collect and form a body of expert opinion on the law and practice of insurance

To provide information and advice regarding employment in insurance for Members and others

To maintain and publish a register of professional and practicing insurers

To maintain a library of books, journals and periodicals relating to insurance and to encourage the publication of such books, journals and periodicals

To encourage, promote and assist the study of any subject material or skills development relating to any branch of insurance

To promote and secure the general well-being and advancement of the profession of insurance.

To offer money or other prizes and awards on the results of academic achievement or research in any subject bearing on insurance

To confer the status of Institute membership upon approved persons who meet the standards, academic qualifications and skills determined by the Institute

To secure the maintenance of professional standards, discipline, and etiquette among persons who are members of the Institute and to take such steps as may be necessary to acquaint such persons with the methods and practices necessary to maintain such standards.