Ghana's National Insurance Commission establishes a Regulatory Sandbox for Insurtechs to improve insurance accessibility and affordability.

The Ghana National Insurance Commission (NIC), led by Acting Commissioner Michael Kofi Andoh, is fostering innovation and technology within the insurance sector. This includes establishing digital databases like the Motor Insurance Database and a Regulatory Sandbox to test new insurance solutions without disrupting the market. The first cohort of five Insurtechs has been admitted to the sandbox, aiming to enhance accessibility and affordability of insurance for underserved communities.

October 20, 2024
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