SIC Insurance Company Limited, one of the oldest non-life insurance companies in Ghana, founded in 1955, incorporated in February 1962 as State Insurance Corporation. The company traces its roots to 1955 when Gold Coast Insurance Company (renamed Ghana Insurance Company in 1957) was established.
On August 28, 1995, the corporation was converted into a Public Limited Liability Company and renamed State Insurance Company of Ghana Limited.
The company is a leading insurance company in Ghana providing non-life products in the motor, marine and aviation, fire and accident sectors.
The motor division covers accidental loss of motorbikes and vehicles and third-party accident, fire and theft.
The Marine and Aviation division covers airborne cargoes, ships and fishing vessels, ports and harbour installations and aviation insurance covering aircrafts, cargo and passengers.
The Fire division covers accidental destruction of properties including household, personal, commercial and industrial buildings and effects.
The Accident division’s coverage ranges from personal and family accidents to cash-in-transit, banker’s indemnity and contractor’s all-risk insurance.
In 2007, the then sole shareholder, Government of Ghana, offered 60% of the shares to the public and its head office is in Accra, Ghana.
The company is currently expanding its operations across the West African sub-region.
SIC Insurance Company also offers workmen’s compensation insurance, general bonds and engineering and construction insurance as well as offering investment, asset and fund management advisory services.