Imperial General Assurance is fastest growing insurance company
Imperial General Assurance has been adjudged the Fastest Growing Insurance Company of the Year at the 2023 Ghana Insurance Awards.
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Presenting the award at a colourful ceremony in Accra over the weekend, the governing Board of the awards scheme organised by XO-DUS Communications commended Imperial for their sterling performance during the year under review.
The annual awards bring together industry players, banks and other intermediaries to network and celebrate excellence across the insurance industry.
The recognition was based on Imperial General’s strong financial performance, unparalleled digital innovation and transformation, rapid growth and reach, claims payment culture and promoting insurance penetration agenda as evidenced in its numerous initiatives.
The company’s gross written premium grew by 56 per cent from 2020 to 2021 and further increased by 55 per cent from 2021 to 2022.
In the first quarter of 2023, Imperial General also registered a huge jump in its first-quarter gross written premium with a growth of 180 per cent compared to the company’s first-quarter growth in 2022 in a year-on-year quarterly performance.
The trend of growth of Imperial General Assurance in terms of Gross Written Premium over the period has been impressive. The Company is expanding its reach by way of branch openings and Agency outlets across the country to serve the increasing needs of its customers across the country.
Commenting on the awards on the sidelines of the ceremony, Head of Corporate Affairs, Eric Paakow Selby, said: “I am highly elated that Imperial General has been recognised by the governing Board of the Awards scheme in the insurance industry.
These awards are a great acknowledgement of the Company’s track record of excellence and its contribution to Ghana’s economic growth. We place these awards in high regard, and they will serve as a constant reminder to us to continue creating value for all our stakeholders and positively impact our nation.”
Mr Selby further applauded the company’s leadership, staff and customers for their contributions towards positioning Imperial General Assurance as a go-to insurer in the Country.
“We started a journey to deliver real value to the insuring public and this we will continue to do to meet the changing expectations of our current and potential customers,” he asserted.
Imperial General Assurance, led by its Managing Director Mr Robert Wugah, under the direction of the Board of Directors, embarked on an ambitious strategic drive over the last year, which has seen the company invest heavily in key areas of its operations including Human Resources, IT infrastructure and Brand Enhancement.
The citation also noted in part that despite the general challenges in the Ghanaian economy during the year under review, the company demonstrated strong growth in key financial metrics across its various business segments.