SIC standing in insurance industry unmatched – James Agyenim-Boateng

The Managing Director of the nation’s largest insurer, SIC Insurance PLC, James Agyenim-Boateng, has insisted that the reputation of his institution remains unmatched in the country’s insurance industry.

Mr. Agyenim-Boateng was responding to a question from the media about whether SIC felt concerned about rivalry within the space.

He said the company was an example to its competitors, brushing off concerns about its market share being threatened.

“Far from that,” he quipped. “SIC has been around for the last 60 years. We still remain a poster boy for the industry. SIC is what the standard in the Ghanaian insurance industry is so [its agenda] has nothing to do with the growth of private insurance companies,” he underscored.

The Managing Director revealed that SIC had been receiving regular requests for collaborations, which he said his management was opened to exploring.

SIC Insurance PLC has nationwide coverage. Its lines of insurance include motor, accident, travel, marine, aviation, oil, and gas.

The year 2025 is being touted as a year of “renewal and resurgence” with the company publishing positive numbers as the year comes to an end.

During the press soiree, General Manager in charge of Finance and Administration, Kenneth Akolatse, disclosed that efforts were underway to deepen relations with the media in order that the public could be aware of SIC products.

“We are not there telling our story as it should be so we deem it a privilege to engage you today,” he told journalists.

Among other priorities, he said SIC remained committed to delivering timely settlement claims while protecting life and property.

The event was attended by both mainstream and new media with attending reporters posing probing questions about SIC’s activities in the last 11 months.