The Personal Accident Policy provides compensation for those insured against death or...
The Personal Accident Policy provides compensation for those insured against death or injury arising from accidental, violent, external and visible means. A capital sum is payable for death, with lesser sums for loss of limbs or eyesight. A weekly benefit for a specified maximum period is payable for temporary total disablement in addition to medical expenses necessarily incurred as a result of the accident. This Policy unlike the Employers liability policy operates for 24 hours a day, 7 days a week and has a worldwide cover . The Policy is also available for a group.
This is a special policy usually designed for corporate clients who want a complete i...
This is a special policy usually designed for corporate clients who want a complete insurance package to cover a wide range of risks. This policy will cover accidental loss or damage to the client's property or assets arising from a very broad spectrum of causes. The cover is restricted only by the specific exclusions written in the policy. It can be designed to cover Fire, Lightning, Flood, Theft, Malicious Damage, Earthquake, Riots And Strikes, Burst Pipe, Impact, and many others
This policy provides indemnity in respect of an employer's legal liability to his...
This policy provides indemnity in respect of an employer's legal liability to his employees for occupational injury or disease. Both the Workmen's compensation Law of 1987 and the Common Law impose certain legal obligations on employers. Under the act, an employer must pay compensation in accordance with the provisions of the Act where an employee is injured or killed in the course of his employment. The Employers' Liability policy takes care of the employers' legal, financial obligation to the employee in such an event.
The Erection policy offers comprehensive cover for Plant, Machinery and Equipment or ...
The Erection policy offers comprehensive cover for Plant, Machinery and Equipment or Steel Structures in the course of installation including commissioning and testing. Third Party bodily injury and property damages are also covered.
The Fidelity Guarantee policy has been designed to make good and reimburse the employ...
The Fidelity Guarantee policy has been designed to make good and reimburse the employers' loss of money due to fraud or the dishonesty of their employees in connection with their employment.
Our Burglary policy covers stock - in - trade, fixtures and similar property against ...
Our Burglary policy covers stock - in - trade, fixtures and similar property against theft involving entry or exit from the premises by forcible and violent means. Damage to the premises liable to be borne by the insured as a result of such theft or attempted theft is also covered by the policy.
This policy covers money (which is expressed to include cash; bank and currency notes...
This policy covers money (which is expressed to include cash; bank and currency notes; cheques; postal and money orders) against accidental loss, damage or destruction from any cause (including fire) which is not specifically excluded whilst :-
Enterprise Insurance Marine Insurance Policy Our marine policies are for insuring you...
Enterprise Insurance Marine Insurance Policy Our marine policies are for insuring your cargo against all types of losses that may occur. This ensures that your investments are safe. This policy may also be taken to cover air cargo and other types of freight.
There are two main types, open covers and single covers. Open covers may be taken by importers whose imports are frequent. Under this arrangement the importer takes one policy to cover all his imports, and makes periodic declarations as and when he makes imports.
The single cover may be taken for each import, and is normally suited for those whose imports are not very frequent.
While the fire policy covers the physical damage to your property this policy covers:...
While the fire policy covers the physical damage to your property this policy covers:
This is a packaged policy specially designed for your home. It covers a myriad of per...
This is a packaged policy specially designed for your home. It covers a myriad of perils including Fire, Lightning, Explosion, Earthquake, Riot and Strike, burglary (including armed robbery), Civil Commotion, Impact, Tornado or Windstorm, Flood, Malicious Acts, Burst Pipe, Theft and many more.
Besides all the above, it provides cover for the cost of alternative accommodation or rent, when your home is rendered uninhabitable as a result of the occurrence of an insured peril.
It also pays for your legal liabilities to domestic staff or third parties, in addition to a Personal Accident Cover for yourself and other dependants.
This is truly a packed policy to ensure that your property and dependants are well covered
This product is designed for anyone intending to travel outside the borders of Ghana....
This product is designed for anyone intending to travel outside the borders of Ghana. It provides the following benefits: Medical expenses arising from an illness(es), bodily injury and or hospitalisation costs up to 30,000 Euros, Repatriation to Ghana after treatment, Repatriation of policyholder's corpse or ashes to Ghana, Repatriation of child(ren) of policyholder under 16years insured under the same policy, Baggage loss/delay, Personal Accident
Under Motor Insurance we have the following covers:
Third Party only, Third...
Under Motor Insurance we have the following covers:
Third Party only, Third Party Fire & Theft, and Comprehensive
Third Party only
The policy indemnifies you and any permitted driver in respect of your legal liability to third parties for death and bodily injury as well as claims for damage to other persons' property. The minimum limit for third party property damage at present is GH¢2000, However this can be increased at your request. Bodily injury is unlimited.
Third party, Fire and Theft
In addition to the Third Party cover described above, this policy covers your vehicle against the risks of fire and theft.
The comprehensive policy will cover all of the risks described above, in addition to accidental damage to your vehicle. What is more, you now have the option of getting your comprehensive motor claim paid in three days. Just sign up.
The Contractors-All-Risk Policy is a package policy covering all risks to which a con...
The Contractors-All-Risk Policy is a package policy covering all risks to which a construction firm is exposed.
Section I of the policy covers property insured on the project site against any unforeseen and sudden physical loss or damage from any cause other than those specifically excluded.
Section II indemnifies you against sums you shall become legally liable to pay as damages consequent upon accidental bodily injury to or illness of third parties and accidental loss of or damage to property belonging to third parties occurring in direct connection with the construction items insured and happening on or in the immediate vicinity of the site. We design customized policies to cover projects and other special assignments. We invite you to call on us to discuss any such issues. We are very open-minded and will propose a solution to suit your requirements.
Customs Excise and Preventive Service (CEPS) may require certain bonds from you in th...
Customs Excise and Preventive Service (CEPS) may require certain bonds from you in the course of your import and export business; we would provide you with any such bond whenever demanded.
Our Standard Fire Policy covers you against loss by Fire, Lightning and Explosion (ar...
Our Standard Fire Policy covers you against loss by Fire, Lightning and Explosion (arising out of domestic use of gas or a boiler)
This Standard cover can be extended to indemnify you against loss or damage to your property caused by any of the following perils;
This policy indemnifies the insured for loss of or damage to merchandise in transit b...
This policy indemnifies the insured for loss of or damage to merchandise in transit by caused fire, accident and theft/pilferage following an accident to the carrying vehicle.
This policy covers money (which is expressed to include cash; bank and currency notes...
This policy covers money (which is expressed to include cash; bank and currency notes; cheques; postal and money orders)against accidental loss, damage or destruction from any cause (including fire) which is not specifically excluded whilst: -
Enterprise Insurance Public Liability Policy The Public Liability Policy protects an ...
Enterprise Insurance Public Liability Policy The Public Liability Policy protects an insured in respect of his legal liability to third parties for both bodily injury including illness and for any loss or damage to property, which happens in connection with the respective insured business.
Enterprise Insurance Home and Personal Assets Protection Policy This is a packaged po...
Enterprise Insurance Home and Personal Assets Protection Policy This is a packaged policy specially designed for your home. It covers a myriad of perils including fire, lightning, explosion, earthquake, riot and strike, burglary (including armed robbery), civil commotion, impact, Tornado or windstorm, flood, malicious acts, burst pipe, theft and many more.
It also pays for your legal liabilities to domestic staff or third parties, in addition to a personal accident cover for yourself and other dependants.
This is truly a packaged policy to ensure that your property and dependants are well covered.
It has frequently been held by the Law Courts that the highest possible standard of c...
It has frequently been held by the Law Courts that the highest possible standard of care and accuracy is required from a professional who accepts a fee for giving advice on technical matters.
The Professional Indemnity Policy provides cover for the Insured's legal liability for financial loss incurred by a third party arising out of the advice given by the Insured in a professional capacity.
This policy is specially designed to cover electronic/electrical systems like communi...
This policy is specially designed to cover electronic/electrical systems like communication facilities, computers and other electronic data processing equipment against any unforeseen and sudden physical loss or damage by any cause (other than the exclusions specified in the policy), in a manner necessitating repair or replacement.
The Products Liability Policy has been designed to cover the Insured's' legal...
The Products Liability Policy has been designed to cover the Insured's' legal liability for bodily injury to persons or loss of damage to property caused by defects in goods sold, supplied, erected, installed, repaired or manufactured by the insured.
Enterprise Insurance Company Limited is the oldest insurance company in Ghana having been in operation since 1924. It takes its roots from the Royal Exchange Assurance Corporation of the United Kingdom, which commenced business in the Gold Coast in 1924, then became Guardian Royal Exchange Assurance Ghana Limited, (GREG) and subsequently, Enterprise Insurance Company Limited.
Enterprise Insurance is a leading Insurer in Fire, Marine, Motor and General Accident..
Enterprise Insurance's first offices were located at the current offices of the Institute of Chartered Accountants on what was then Horse Road (and now Asafoatse Nettey Road). In 1952, after 28 years as an agency, the Royal Exchange Assurance was registered as an insurance company in the Gold Coast to provide the full complement of life and non-life insurance business. .
In 1965, the Insurance Act of 1965 (Act 288) was enacted. Section 9 of the Act barred all non-domestic insurance companies from insuring Ghanaian lives.
The Royal Exchange Assurance consequently transferred its life business to the Crusader Insurance Company (Ghana) Limited, thus becoming a purely non-life insurance company for the first time.
In 1969, there was a merger between the Royal Exchange Assurance Corporation and Guardian Assurance Company (GAC) in the UK to form the Guardian Royal Exchange Assurance Group (GRE). Consequently, a new company, the
Guardian Royal Exchange Assurance (Ghana) Limited (GREG) was incorporated in Ghana in 1971, and owned wholly by the new UK parent company to continue with the insurance business of the former REA and GAC. In 1977, the company’s name was changed to Enterprise Insurance Company and in 1990 it become one of the first companies to be listed on the Ghana Stock Exchange.
The company continued to grow in leaps and bounds and in 2000, Enterprise Life was established, born out of a partnership between Enterprise Insurance and Africa Life of South Africa.
In August 2010, the Board and Management of Enterprise Insurance Company (EIC) on August 12, 2010, were given the mandate by their shareholders to re-organise Enterprise Insurance Co Ltd and the relationship between the company and its subsidiaries.
The reorganization involved the creation of a holding company Enterprise Group Ltd (EGL) to own EIC and its subsidiaries.
In the course of its operations, the company has moved a number of times: GREG moved from Horse Road to the Bank of Ghana's premises on Thorpe Road; then to Alagbon House opposite the Makola Fire Service Station.
From there the company moved to the A.G. Leventis building which later became GNTC's Ghana House and finally to its current offices in Consortium House, on the High Street in 1973 which was later renamed Enterprise House as Enterprise Insurance acquired full ownership of Consortium House Limited.
Corporate Social Responsibility
The Group's social commitment has mainly been geared towards providing support for health and education.
Over the past few years, Korle – bu teaching hospital, various schools, the Autism center and a library project in the Upper West region all bear testimony to our commitment to society.
Enterprise Group has for many years focused on health and education under its corporate social responsibility programme.
In line with this focus and in recognition of the exemplary service rendered to the company for over 30 years by the recently retired Group CEO, Mr. George Otoo, Enterprise Group has refurbished the Methodist Primary School Block in Ajumako, the hometown of Mr. Otoo, as part of its social responsibility programme for 2014.
The rehabilitation request was received from the Paramount Chief of Ajumako through Mr. Otoo. The Enterprise Group donated an amount of GHS 23,000, which was used for repair and replacement works on the school building as well as purchase of books for the school library.
During the handing over ceremony which was held on Thursday 20th November 2014, the Omanhene of Ajumako, Okukodurfo ogyeabo Kwamena Hammah II, thanked the Enterprise Group, Mr George Otoo and the project committee headed by the Very Rev. Ato Wilson for the exemplary work done. He commended Mr Otoo for being an exemplary citizen of the town and hoped that many more would follow suit. He encouraged other companies to emulate the example of Enterprise Group.
The Enterprise Insurance brand is based on the concept of "The Thoroughbred".
"The Thoroughbred is a horse of outstanding pedigree with an inherent disposition to be the best" . Born of outstanding parentage, we constantly strive for excellence
At Enterprise we deliver on our values of Excellence, Trust, Professionalism, Reliability and Friendliness, to give you your advantage in life.
Our Core Values
"In all our markets, our pedigree will be recognized, our strength revered, our expertise valued and our solutions sought by ALL who desire an ADVANTAGE in life."
"We provide all who come into contact with us their desired ADVANTAGE because…we are the best at what we do!" Our Philosophy.
Kwame is a Fellow of the Insurance Institute of Canada (FCIP), and holds a Bachelor of Arts Degree, as well as an Executive MBA in Marketing both from the University of Ghana. He joined Enterprise Insurance in 1997 rising to become General Manager, Operations in 2001 and Executive Director in January 2010.Kwame is a seasoned business leader with extensive experience in the insurance industry.
Ernestina is a Chartered Insurer from the Chartered Institute of Insurance, (UK) and holds a Bachelor of Arts Degree from the University of Ghana and an Executive MBA from The Ghana Institute of Management and Public Administration (GIMPA).She is a Seasoned Underwriter with over 18 years of experience. As part of her professional and career development she has attended various courses and training programmes in Germany, South Africa, Switzerland, Egypt and Ghana. She joined Enterprise Insurance in 1992.
Araba is a Chartered Accountant by Profession and holds an Executive MBA in Finance with a first degree in Economics from the University of Ghana, Legon. She has been in EIC since March 1999. Prior to joining Enterprise Insurance, Araba worked in KPMG, a firm of Chartered Accountants where she gained tremendous experience in Auditing and Investigations.
She has a rich experience in Auditing, Systems investigations and Accounting. She has attended a number of courses and seminars relating to her field at various times in her career. She was appointed the Head of Finance of Enterprise Insurance in June 2016.
Phyllis is a Chartered Insurance Professional (CIP, Canada) and holds an Executive MBA in Marketing with a Bsc. in Management. Phyllis began her professional marketing career with the Ghanaian Chronicle as their General Manager. Prior to joining Enterprise Insurance, Phyllis was for eight years the General Manager of AdMedia FCB, an advertising agency affiliated with Foote, Cone and Belding worldwide. Phyllis contributed significantly to AdMedia in the marketing of the local and international brands they represented. She now brings her significant experience in marketing and brand communication to the promotion of the Enterprise brand.
Alfred holds a law (LLB) degree and has participated in various courses and seminars both local and overseas. He has been a lawyer since 1994 and has been in the insurance industry since 1996. He holds a diploma in Applied Insurance Studies from the Malta International Training Centre and is a student member of the Chartered Institute of Insurance (UK).
Akosua is a Chartered Insurer from the Chartered Institute of Insurance (UK) and holds a degree in law (LLB) from Hull University, UK as well as a BL from the Ghana Law School). She joined EIC in 2000 and has participated in various courses and seminars in insurance both locally and abroad.
Mercy is a Chartered Insurer and holds a Bachelor of Arts degree in Secretaryship (French Option) from the University of Cape Coast and an Executive MBA (Marketing) from the University of Ghana Business School. She has been with the company since August 2000 and has attended various seminars and programmes both locally and internationally including a management training programme at the Swiss Re Academy, Switzerland. Mercy has cross-functional experience in administration and insurance. She is a member of the GIA Motor Technical Committee as well as ECOWAS Brown Card Technical Committee.
Mercy is married with three children. She loves singing.
Emmanuel is currently the HR Business Partner for Enterprise Insurance and Enterprise Trustees. He is responsible for Recruitment, Learning and Development, Performance Management, Disciplinary & Grievance Management, and other core HR duties that support the business to achieve strategic objectives in both subsidiaries. He has also been active in strategy planning and project implementation for both subsidiaries and is also a member of the Executive Committee. Emmanuel works closely with the Business Development Unit in undertaking CSR activities for Enterprise Insurance and is also member of the Management Negotiation team that deals with the ICU union during review of Collective Agreement and salary negotiation or Wage Opener. He has contributed significantly to Group HR projects such as Standardization of employee grading and remuneration, development of HR Policy and employee handbook. He has successfully led the organization of various corporate events designed to improve people management within Enterprise Group.
Prior to joining Enterprise Group, he worked as HR Consultant at PsyconHR Limited where he was involved in various assignments for Private sector, state-owned and NGO clients in areas such as HR Technical assignments (development of strategy, process reviews, design of HR Protocols), Design & facilitation of Training programmes, organizational research and recruitment (lower level, middle management and Executive level). Emmanuel also worked with Expresso Telecom (Ghana) as a Talent Manager where he was responsible for managing Recruitment, Training, Core HR Operations, Negotiations with the Union and Corporate Social responsibility activities.
Emmanuel is a certified HR Professional (HR Certification Institute – USA) and a Qualified Trainer. He also holds an MBA (HRM Option) from the University of Ghana Business School and a B. Ed. Foundations (Economics) degree from University of Cape Coast.
Emmanuel has been a resource person for capacity building organizations such as DUES Club, PIMI, Soul Impact and other youth-related organizations.
Enterprise Insurance has been inducted into the Chartered Institute of Marketing, Ghana (CIMG) Hall of Fame category during the CIMG awards dinner held on 23rd September 2017, after winning the CIMG award for insurance group Insurance Company of the year (General Insurance) for three every year consecutively since 2013. Consecutive years. The induction took place during the CIMG awards dinner held on 23rd September 2017.
The Chartered Institute of Marketing, Ghana (CIMG) ultimately aims at seeing organizations (both private and public) embrace the marketing concept, and be marketing oriented in their operations. The Annual Marketing Performance Awards plays a catalytic role in shaping the future of businesses.
Enterprise Insurance was adjudged this honor in due recognition of having achieving achieved corporate excellence not forgetting thein the area of innovation and development schemes that offers value and an advantage to Ghanaians.
A citation accompanying the award reads " your ceaseless exploits and more have placed you above your peers and consequently makes you a consecutive four-time winner of this award, hence your induction into the CIMG HALL OF FAME - ( INSURANCE CATEGORY ) FOR THE YEAR 2016.”
At the event, our innovations were brought to the cognizance of Ghanaians the introduction of the Enterprise market a one-stop-shop for all products for the various subsidiaries and Hei-Julor Plus a 24hr rapid response from a security team when triggered in the event of a burglary.
The association also recognized our the Company’s impressive performance regarding thein the area of total gross premium and profit after tax which was GHS150,159,000 and GHS17,021,000 respectively. Income and profit generated for the year which they termed as a stellar performance in the citation.
Management of Enterprise Insurance is excited about the acknowledgment and dedicates the award to its clients who inspired, trusted and supported them to reach attain this milestone honor.
Enterprise Group, a leading insurance and financial institution in Ghana has donated an amount of ¢75,000.00 to the “Save a kidney, save a life” foundation.
This philanthropic gesture was made to the administrative authorities of the Police Hospital, contributing towards the purchase of a Dialysis Machine for the hospital.
This is also a follow up to an earlier donation made by Enterprise Insurance, a subsidiary of the Enterprise Group to the hospital.
The General Manager and Group HR of the Enterprise Group, Amma Ansah, told the media after the presentation that “Research shows that the annual mortality rate per 100,000 people from chronic kidney disease in Ghana has increased by 10.6% since 1990, an average of 0.5% a year."
"For men, the deadliness of chronic kidney disease in Ghana peaks at age 80 and above. It kills men at the lowest rate at age 5 to 9. At 192.5 deaths per 100,000 men in 2013, the peak mortality rate for men was higher than that of women, which was 135 per 100,000 women.”
She added that “these bleak numbers are a call to action, and the Enterprise Group was overjoyed to have found a partner in The Police Hospital, to answer this call.”
Mrs. Ansah used the platform to remind Ghanaians that health is wealth. She surmised that there was more work to be done and more effort to be put in slowing down the rate of kidney related deaths in the country and she hoped that this small gesture made by The Enterprise Group would be a clarion call to all and sundry to offer their service to the health related needs of the nation.
On his part, The Chairman of the Board of Directors of the Police Hospital Dialysis Center, Mr. Godfred Nyanteh, was overjoyed by the gesture from the Enterprise Group and lauded corporate Ghana in responding to the clarion call of help.
“We all know the tagline of Enterprise to be ‘your advantage’, and indeed you have become the advantage to all who suffer from kidney related ailments,” he said.
He also commented that their offices will always have its doors open for further like-partnerships between Enterprise Group and the Police Hospital.
Enterprise Group is a giant in the insurance industry, with subsidiaries championing their individual industries. Its subsidiaries include Enterprise Insurance, Enterprise Life, Enterprise Trustees, Enterprise Properties and Transitions, a funeral services company.
Enterprise Group recently announced its partnership with Black Star Holdings Limited, a wholly owned subsidiary of Leapfrog Strategic African Investments (LSAI). LSAI is jointly owned by Leap Frog investments and Prudential Financial Inc. of America (PFI)
Enterprise Group Limited (Enterprise Group) has informed the Ghana Stock Exchange of an impending transaction to introduce a new strategic partner in place of Sanlam Emerging Markets Proprietary Limited of South Africa (Sanlam) in three of its subsidiary companies, namely Enterprise Life, Enterprise Insurance and Enterprise Trustees. Enterprise Group will retain its majority stake in each of these subsidiary companies.
The new strategic partner is Black Star Holdings Limited (BSHL), a wholly owned subsidiary of LeapFrog Strategic African Investments (LSAI). LSAI is a separate account managed by LeapFrog Investments and in which prudential Financial, Inc. is a primary investor. LeapFrog Investments have $ 1 billion in assets under management and a portfolio of companies across Africa and Asia focused on financial services and health.
BSHL will acquire Sanlam’s stake in the three subsidiary companies of Enterprise Group for US$ 130 million. BSHL has also committed funds to support Enterprise Group’s growth agenda over the coming years.
The transaction is subject to regulatory approvals and notifications in Ghana and South Africa.
Trevor Trefgarne, Board Chair of Enterprise Group says “This is an exciting transaction for Enterprise Group. With our new partner, LeapFrog Investments, we expect to be able to grasp growth opportunities both in Ghana and across the wider West Africa Region. Enterprise appreciates the long and productive association with Sanlam in Ghana over the past 12 years.
From Keli Gadzekpo, CEO of Enterprise Group: “We at Enterprise Group are delighted to welcome leapfrog investments into the Enterprise Family. They bring an incredible network of global insurance contacts and experience, and also the capacity to provide growth capital towards the realization of our very ambitious strategic objectives. We are pleased they have chosen to partner with us.”
Junior Ngulube, CEO of Sanlam says “In the 12 years of working with Enterprise Group, we have enjoyed a good partnership and a mutually beneficial relationship in Ghana. Considering our strategic partnerships with both Enterprise Group and Saham Finances, it was mutually agreed that Sanlam should exit from Enterprise Group. However we will look to re-establish and grow our presence in Ghana, starting with Saham Ghana as our partner going forward.”
Doug Lacey, who co-led the transaction with Norm Kelly on behalf of LSAI, observed that “Enterprise Group is a pioneer in delivering vital financial services to emerging consumers in Ghana. Its leading position in financial services, as well as dominance in insurance with over 28 percent of the market, is a testament to the quality of the financial services it provides.”
Norm Kelly of LeapFrog Investments commented that “Leapfrog Investments are extremely pleased to enter into this strategic relationship with Enterprise Group. Enterprise Group’s management team has built a robust platform for growth in West Africa. With our capital and expertise behind the business, we are confident that it will scale to provide millions more people with access to essential financial services.”
Enterprise Group Limited, a leading financial Group in Ghana has donated cash and insurance cover for the construction of the maternity unit under the “Save a Child, Save a Mother” initiative of the First Lady. The donation breaks down into a cash amount of GHS 100,000.00 to the fund and insurance cover to the tune of GHS8.4m for the project itself.
The fund, which is an initiative of Her Excellency The First Lady, Mrs. Rebecca Akuffo Addo, seeks to provide relief to babies and mothers at the Komfo Anokye Teaching Hospital (KATH) by building an ultra-modern maternity wing at the hospital.
The insurance cover, which was donated by, the general insurance subsidiary of the Group, Enterprise Insurance, takes the form of a Contractors All Risks insurance policy and protects the building itself from material damage which may occur while under construction. Also the third parties that may be accidentally injured while on the premises during the construction period are also covered. According to Mr Keli Gadzekpo, CEO of Enterprise Group, this is The Company’s way of ensuring that nothing untoward would hold up the project. This information was made known during the presentation of the cheque to The First Lady by Mr. Keli Gadzekpo.
Mr. Gadzekpo congratulated the First Lady for taking up such a laudable cause, saying that Enterprise was moved by the plight of mothers and children at the Komfo Anokye Hospital, as revealed in the documentary produced by the Multi-media Group. The Company therefore felt compelled to help. He went on to say that this is not the first time Enterprise has reacted positively to a national cry, citing the example of Enterprise’s support to the victims of the June 3, 2015 twin disaster.
On her part, the First Lady expressed her appreciation of the support by Enterprise, “We all know the tagline of Enterprise to be ‘your advantage’, and indeed you are providing an advantage to these women and children and the nation as a whole” she said. First Lady, expressed her deepest gratitude to all who have donated already, stating that there would be more of such public spirited initiatives from her office and encouraged companies and individuals alike to come on board.
Subsidiaries of Enterprise Group Limited are industry leaders in their respective areas of specialization. The current subsidiaries of the Enterprise Group are Enterprise Insurance, Enterprise Life, Enterprise Trustees, Enterprise Properties and Enterprise Funeral Services which trades under the name Transitions.
Enterprise Group on the 13th of March, 2017 opened an ultra-modern service center in Kumasi, which seeks to enhance service delivery to their numerous clientele in that region of Ghana. The Enterprise Market is an innovation of the Enterprise
Speaking at the ceremony, the Chief Executive Officer of Enterprise Group, Mr. Keli Gadzekpo said this was a day he had been looking forward to for many years. “This is a realization of our dream of having a one-stop shop for the various lines of products and services within the subsidiaries of Enterprise Group. We are represented by various colors, but we are one big family.”
Mr. Gadzekpo further stated that the Market will allow existing and prospective customers the opportunity to sign on to products from other subsidiaries and have their customer service concerns addressed. He went on to stress the intent of the company to cater to the needs of their customers from when they are born throughout their lifetime, or ‘from cradle to grave’ as it’s referred to in the Enterprise fraternity.
The Chief Executive Office of the Enterprise Group reiterated the Group’s plans to open an “Enterprise Market in all the regional capitals of the country, which means that Ghanaians can excitedly look forward to 8 new Enterprise Markets in addition to the current Markets situated at the John Evans Atta- Mills High Street in Accra and Ahodwo in Kumasi.
Currently, the Enterprise Group comprises of Enterprise Insurance, which has been in existence for over 90 years; Enterprise Life, the leading life underwriter in Ghana; Enterprise Trustees, one of the leading pensions solutions company in Ghana; Enterprise Properties, the estate wing of the Group and Enterprise Funeral Services, which trades as Transitions and is also the newest addition to the Group.
Enterprise Group has announced the appointment of Mrs. Jacqueline Benyi as Executive Director of Enterprise Life.
Mrs. Benyi takes over from Mr. C.C. Bruce (Jnr) who has been elevated to the position of the Chief Operations Officer of Enterprise Group. Jacqueline joined the Company at its inception in 2001 as a Sales Manager and became the Tema Branch Manager in 2002. She has risen through the ranks and held various positions including Head of Customer Services, Head of New Business, Assistant General Manager-Sales & Marketing and General Manager, Operations.
She holds a degree in Economics and Sociology from the University of Ghana. She is also a Chartered Insurer and Associate of the Chartered Insurance Institute, UK. Jacqueline further holds Advanced Diplomas in Life & Disability Underwriting and Life & Disability Claims from the Assurance Medical Society of London.
These qualifications make her the first Professional Life Underwriter and Claims Accessor in Ghana. In 2012 she obtained an EMBA in Finance from the University of Ghana Business School. She has also completed a Senior Management Development Program from the University of Stellenbosch and Executive Leadership Development Program at the Gordon Institute of Business Science, University of Pretoria.
Speaking to Mrs. Benyi, she reiterated her passion to continue upholding the outstanding feats and successes chalked up by her predecessor.
Mr. Keli Gadzekpo Chief Executive Office – Enterprise Group said “Jacqueline has demonstrated her capabilities in terms of technical knowledge and leadership qualities, and I have no doubt that she will build on Mr. C.C Bruce jnr’ s firm foundation.
These very important changes have been thoroughly considered and meet the full support and approval of the various boards and also our partners, Sanlam.”
According to Mr. Trevor Trefgarne -Chairman, Enterprise Group “It gives the Enterprise Group Board (EGL Board) great pleasure to see our Executives accept these opportunities and play greater roles in continuing the outstanding growth of Enterprise. We have very talented people, well able to deliver on the Group's great expectations.
Finally, Mr. Heinie Werth -CEO, Sanlam Emerging Markets said “I congratulate you and wish you all of the best in your new positions - well done! You deserve these promotions and new/added responsibilities. I have no doubt you will be extremely successful in your new positions from January onwards.
Enterprise Life from its inception in 2001 has maintained an above-market performance ending the third quarter of 2015 as the highest premium income earner in the Life insurance industry.
In a ceremony held at the Banquet Hall in Accra on 19th of September 2014, Enterprise Insurance was crowned the Insurance Company of the Year 2014, for the second consecutive year by the Chartered Institute of Marketing, Ghana (CIMG).
For over 90 years Enterprise Insurance has played a pioneering role in the insurance industry. In every activity we undertake our resolve is the same: To bring world class insurance solutions to our clients in the most convenient manner. At Enterprise Insurance we are interested in understanding and appreciating the dynamics of your business. We believe it is the only way we can provide you with insurance solutions that are truly relevant and valuable.
For our clients and partners this award is the ultimate assurance that your insurance company will continually stay relevant and ahead of the changing business environment and demands of the digital world. So whether you are a huge multinational, a small enterprise setting up, or an individual, our attention to detail is such that we will not rest until we have provided you with the most competitive and comprehensive insurance solution(s)
Congratulations to you our cherished clients and stakeholders. You made this happen!
Enterprise Group Ltd. held its Fifth Annual General Meeting on Thursday 18th June 2015 at the Accra International Conference Center.
Despite the challenging business environment in 2014, Enterprise Group posted impressive results for the year ended 2014.
The Group posted a profit after tax of GH¢61.3m against the prior year’s GH¢39.7m representing a significant growth of 54.5% . Group Net revenues rose to GH¢288.4m as compared to GH¢230.9m in 2013. Net investment income was GH¢74.5m, representing a 25.8% of net income, and represented a growth of 9.6% versus prior year’s performance of GH¢68m.
Enterprise Insurance and Enterprise Life still represent the most significant subsidiaries in terms of financial performance. Both businesses continue to show great potential for growth, delivering growth rates of 14.9% and 26.84% respectively in the General and Life Insurance markets. Enterprise Trustees Ltd the Group’s pensions subsidiary reported profit after tax of of GH¢206K in 2014 as against a loss of GH¢2.14m in 2013.
Speaking to the media, Group CEO, Keli Gadzekpo assured all clients and shareholders that the Group and its subsidiaries were adapting to the demands of the changing business environments in their various markets. On the recent flood and fire disaster in Accra, he said “Enterprise will stand by its clients that have suffered losses because that is why we are in business, As Ghana’s leading and oldest insurer it is by supporting our clients that we have survived over 90 years. In the coming days Enterprise will make very significant contributions to the Korle-Bu Teaching Hospital as well as the 37 military hospital, as we look to touch lives in these trying times”
Mr. Gadzekpo assured both shareholders and clients that the Group and all its subsidiaries were strongly positioned for the future in every market we operate in.
H. E. Mrs. Margaret Clarke-Kwesie and Mr George Otoo were re-elected by the shareholders as Directors of the company at the Annual General Meeting.
Enterprise Group has for many years focused on health and education under its corporate social responsibility programme.
In line with this focus and in recognition of the exemplary service rendered to the company for over 30 years by the recently retired Group CEO, Mr. George Otoo, Enterprise Group has refurbished the Methodist Primary School Block in Ajumako, the hometown of Mr. Otoo, as part of its social responsibility programme for 2014.
The rehabilitation request was received from the Paramount Chief of Ajumako through Mr. Otoo. The Enterprise Group donated an amount of GHS 23,000, which was used for repair and replacement works on the school building as well as purchase of books for the school library. During the handing over ceremony which was held on Thursday 20th November 2014, the Omanhene of Ajumako, Okukodurfo ogyeabo Kwamena Hammah II, thanked the Enterprise Group, Mr George Otoo and the project committee headed by the Very Rev. Ato Wilson for the exemplary work done. He commended Mr Otoo for being an exemplary citizen of the town and hoped that many more would follow suit. He encouraged other companies to emulate the example of Enterprise Group.
(Insert) Mr Otoo (in blue) flanked by the Omanhene of Ajumako on the right and Right Bishop Isaac Quansah on the left. Also in the picture are representatives of Enterprise Group and esteemed members of the Ajumako community.
Enterprise Group Limited has sold a 40% minority stake in its subsidiary Enterprise Insurance Company Limited, to Sanlam Emerging Markets Proprietary Limited of South Africa (“Sanlam”), subject to regulatory approvals.
Sanlam is an existing shareholder in two other companies within Enterprise Group: Enterprise Life Assurance Company Limited and Enterprise Trustees Limited. The 13-year old partnership between Enterprise Group and Sanlam has been mutually beneficial and very successful, and it is expected that bringing Sanlam into the general insurance business will enhance the Group’s operations as a market leader in Ghana’s insurance industry.
Kwame Ofori, Executive Director of Enterprise Insurance says that “Sanlam’s interest in Enterprise is a confirmation of what we have known all along - that Enterprise Insurance is a truly great Company. The track record of Sanlam within the Enterprise Group gives us great hope for the future”
Ernestina Abeh, General Manager Operations, says “The involvement of Sanlam will greatly enhance our prospects for Global businesses. Our aim to be No 1 is truly within reach”.
Phyllis Woode-Nartey, Head, Business Development & Communications says “We believe that this partnership ushers in an exciting era for this company as we benefit from an infusion of new ideas, new skills and a fresh new outlook. We look forward to great times ahead”.
Alexander Ahenkorah- Anane, Head, Finance says “The partnership presents a strong financial buffer for the company, once again setting us ahead of the competition”.
Keli Gadzekpo, CEO of Enterprise Group, says “we are delighted with this opportunity to further strengthen our relationship with Sanlam. No doubt our shareholders will also be pleased with the increase in the Group’s cash reserves and what this transaction means for our ambitious growth strategy”.
From the Human Resource perspective, the opportunities for employee development are enormous. This is certainly a great time to be an employee of Enterprise.
Sanlam is a fully diversified financial services business with operations in countries across the Continent including Botswana, Namibia, Malawi, Kenya, Tanzania, Rwanda, Zambia, Ghana, Nigeria, Uganda and Swaziland.
Enterprise Group retains 60% majority shareholding in Enterprise Insurance Company Limited.
In a ceremony held at the Banquet Hall in Accra on 18th October 2014, Enterprise Insurance was crowned the Insurance Company of the Year 2013, by the Chartered Institute of Marketing, Ghana (CIMG). Enterprise Life was also awarded the Insurance Company of the year, Life.
We are in great company with Brands that we insure such as Unilever, Total, Interplast, Opportunity International, Fidelity Bank, Mechanical Lloyd, Yoks Investment all of whom also received awards.
Indeed, Birds of the same feather flock together!
Our hard work has been recognized, Our pushing the limits of our trade has been independently endorsed!
Congratulations to you our cherished clients and stakeholders. You made this happen by God’s Grace!
Enterprise Group Limited, on 6th August 2014, donated an amount of Ghc 14,039.02 to the Forensics Department of the Ghana Police Service.
The donation was in response to a request for assistance from the Forensics department with regard to training costs for some of its key personnel. In making the presentation, The Head of Business Development, Communications and Sales, Mrs Woode-Nartey stated that the donation was in recognition of the Department’s need for continuous skills upgrade to keep up with the increasingly sophisticated nature of crime. Mrs Amma Ansah, the General Manager for Human Resource Development for Enterprise Group explained that even though most of the company’s corporate social responsibility activities were in the areas of child education and health, the company had seen fit to make an exception in this case because of growing public concern about crime in general.
The Enterprise team made up of Mrs. Amma Ansah, Mrs. Phyllis Woode-Nartey, Osman Abudu, Head of Claims Department, Osman Tankari, Head of Forensic Department and Alex Baah Inkoom, HR Business Partner for Enterprise Life were taken on a tour of the department’s facilities by representatives from the Forensic Department, namely Chief Superintendent David A Adjem, Chief Inspector Richard Quarshie, Deputy Superintendent Godwin Lavoe, Deputy Superintendent Kofi Abban and Deputy Superintendent Mercy Agyapong. The Enterprise Team described the tour as “extremely fascinating and enlightening”.
Receiving the donation on behalf of the Forensics Department, The Director of the Forensic Laboratory, Chief Superintendent David A. Adjem expressed his deep gratitude to Enterprise and its subsidiaries and assured the company that the money would be used for the intended purpose. He called on all corporate bodies to emulate the example set by Enterprise.
Business and Financial Times’ recent survey of the Ghanaian non-Life insurance market found that Enterprise Insurance Company, a member of the Enterprise Group, was the most efficient and profitable insurer in 2013.
The report stated that Enterprise Insurance came up from the fifth position in 2012 to clinch the topmost position.
The analysis stated that the company used a workforce of 91 in 2013 to earn gross premium income of GH¢ 61.33 million to become the second-highest income earner, outwitting Star Assurance which topped in 2012.
B&FT analysis also showed that Enterprise Insurance had the lowest debtor ratio of 13% in the non-life market.
B&FT also observed that outstanding premiums have become a canker in the operations of Ghana’s general insurance industry – until recently when the National Insurance Commission put a stop to insurance sold on credit.
All the financial indices of Enterprise Insurance proved positive in the year under review.
Enterprise also emerged most profitable amongst its peers, gaining profit after tax (PAT) of GH¢13.5 million.
B&FT - Monday 21st July 2014
Mr. Kwame Ofori, Executive Director of Enterprise Insurance has been elected as the First Vice President of the Ghana Insurance Association and Chairman of the General Insurance Council of the Ghana Insurance Association (GIA).
Mr. Kwame Ofori joined Enterprise Insurance Company in 1997 as a Superintendent, becoming Manager of the then Fire and Accident Department in 1998 and Senior Manager, Underwriting, in 1999. In 2001, he was appointed General Manager, Operations, a position he held until his appointment as Executive Director in January 2010.
Over the past 17 years that he has been with Enterprise Insurance, Mr. Ofori’s hands-on approach to work and sociable nature has earned him the respect and admiration of both staff, and client alike. He has been in the forefront of many of the projects undertaken by the company, such as the Workgroup System, I.T. Re-engineering process etc., most of which competitors are now seeking to emulate.
Mr. Ofori is highly respected within the industry, often being called upon to lecture at the Ghana Insurance Institute or serve on various industry committees.
HOLDERS OF ALL FOREIGN CURRENCY POLICIES TO NOTE
Dear Valued Customer,
NEW BANK OF GHANA REGULATIONS ON FOREIGN CURRENCY TRANSACTIONS
Please be informed that in accordance with the new Bank of Ghana regulations on foreign currency accounts (attached for ease of reference), it is now illegal and impossible to grant you insurance cover in any other currency apart from, the local currency, the Ghana cedi.
Consequently, your foreign currency policy with us has been converted to Ghana cedi, effective 5th February 2014 at the then prevailing exchange rate as follows:
1-US Dollar 2.4800
1-UK Pound 3.9756
The above rates should reflect correctly in both your sum insured and your premium. In case of any discrepancy, in future transactions please contact us immediately.
We thank you for your continued business and count on your usual co-operation.
NOTICE TO ALL CUSTOMERS
NATIONAL INSURANCE COMMISSION (NIC) NEW DIRECTIVES ON INSURANCE PREMIUM COLLECTION –NO PREMIUM, NO COVER “)
We thank you for doing business with us and for your continued trust and support.
As you may be aware, The National Insurance Commission (NIC), the regulator of the Ghana Insurance Industry, intends to introduce with effect from 1st April 2014, a “No premium, no cover” regime. What this means is that all insured’s in Ghana, including your good self can only access insurance cover by paying premium upfront.
In this regard, we would appreciate your support by complying and paying all premiums upfront at renewal.
However, if this would pose any challenge to you, kindly let us know so we discuss how best we can assist in the matter without flouting the NIC’s regulation(s).
We appreciate our cordial working relationship and are anxious to maintain our business partnership.
Thank you for your anticipated cooperation in this matter.
Enterprise Insurance was adjudged the 2nd most supportive insurance company by the Ghana Insurance Brokers Association (GIBA) during their 25th Anniversary Dinner and Awards Night, which was held on Saturday 7th December, 2013 at the National Theatre, Independence Avenue, Accra.
The award was given to enterprise Insurance as a result of its co-operation and positive relationship with the Ghana Insurance Brokers Association.
Enterprise Insurance has partnered with Softtribe Ltd one of Africa’s leading Software Companies to provide the Ghanaian insuring public 360 degree protection against burglary by combining private security and insurance. This exciting package, known as Hei Julor Plus is targeted at homes and small businesses. The product is in direct response to the huge need for affordable and responsive private security services as well as relevant insurance cover for Homes and Small businesses.
Hei Julor PLUS makes it possible for an individual under threat of physical attack at the insured location to access the services of a security company at a fraction of the normal monthly charge and to enjoy an added benefit of Insurance Cover for burglary in the instance you get burgled. It is the first of its kind in GHANA and is only available from Enterprise Insurance.
HOW DO YOU GET HEI JULOR-PLUS?
• Pick up a Hei Julor-PLUS Starter Pack from our Agents or various sales points like renowned shops and marts.Your Starter pack will include an info leaflet, a gate sticker and a pin/sticker number.
• Text the pin/sticker number to a number indicated on the starter pack. You will receive an acknowledgement text from the Hei Julor team.
• Store the Emergency Hei Julor number on your phone and place the gate sticker on your outer gate or wall.
• The Hei Julor call center will call you to continue the registration process over the phone. This will include filling in the questions indicated on the Enterprise Burglary proposal form
• Within 48 hrs, the security company completes the process with a physical visit to the client’s premises to map the location on their GPS.
· Enterprise Insurance Goes on Cover for Hei Julor Plus.
IN THE EVENT OF AN ATTACK IN YOUR HOME/BUSINESS
• You MUST trigger Hei Julor Plus by either flashing or sending a blank text to the emergency number.
• Call center will send an SOS text message to 10 of your friends/family or neighbors, inform Ghana Police and announce the attack on partner radio stations
• Security company will dispatch a rapid response team to the insured location immediately. Maximum response time is 20 minutes.
• In the event of burglary, Call Enterprise Insurance immediately on 0302666847-9 or email email@example.com to benefit from our burglary insurance cover of up to GH¢15,000.
(Now available for motor, Home, Personal Accident and Fire Insurance)
Enterprise Insurance in line with being a leader in providing Cutting Edge Insurance solutions has introduced an exciting profit sharing option on a number of its personal lines, that entitles an insured to share in the profit made on his/her policy if the insured doesn’t make a claim for a period.
The introduction of the profit sharing option is in direct response to the insuring public’s clamor to receive real reward from insurers, when they do not make a claim. Even though insureds often receive discounts when they do not make a claim, it is clear they want something more and the profit sharing option offers just that.
HOW IT WORKS
1. Insured opts for the profit sharing option when signing up for either Motor, Home, Personal Accident or Fire policy
2. Profit begins to accrue on the insured’s account after the first claim free year
3. Profit continues to accrue each year for as long as insured does not make a claim
4. After the 3rd claim-free year, insured has the option to:
o “cash in” on the accrued profit by asking for a cheque/cash payment.
o or leave the policy to keep accumulating profit.
5. If insured makes an admissible claim during the first three years, the claim will be paid but the insured loses any accumulated profit. However, if no claim is made until after the first three years, the insured gets to keep any accumulated profit and still get the claim paid.
So walk into any of our Insurance Halls our Agency outlets and ask for Our Profit Sharing Options. It is truly your advantage for Insuring with Enterprise Insurance
Enterprise Life was adjudged the life insurance company of the year 2011 by the Chartered Institute of Marketing Ghana (CIMG) at the Banquet hall, State House- Accra. The award was conferred onto the company as a result of effective strategic marketing activities, the introduction of affordable life assurance products, their ability to excite the market as demonstrated by their ceaseless efforts at marrying market insights with decision making and corporate social responsibility initiatives. A citation accompanying the awards read "Enterprise Life has since its establishment in September, 2001 remained focused on their vision to be the leader in the life assurance service delivery in Ghana, a path they have chartered painlessly and maintained their status as the pacesetters in the Life assurance industry". The citation went on to mention how those strategies had culminated in Enterprise Life's introduction in several life enhancing products such as the Enhanced Funeral finance Plan , Enhanced life time Needs plan and the Claim Xpress service, with the help of highly motivated staff.
Enterprise Life's policy of "One visit for Claim Payment" and faster claim settlement has resulted in an increase in value of new business generated to 128 per cent. The citation went on to say "your total knowledge and understanding of the market place has urged you on to create more distribution outlets and create more innovative products through a highly trained and motivated team to reach every nook and cranny of the country."
The Executive Director, MR C.C Bruce (JNR) was very grateful to policy holders and staff for making Enterprise Life number one and assured the general public that, "Rest assured" Enterprise Life will continue to churn out innovative and affordable life changing products Source- Daily graphic Business desk -Tuesday, September 11, 2012
The Ghana club 100 rankings are opened to all companies and are based on size, profits, and growth. The Ghana Club 100 has also come to be recognized as a listing of the 100 most prestigious companies in Ghana.
At our very first entry in the tenth edition in 2010, Enterprise Life was ranked 16th prestigious company and highest ranked insurance company in Ghana. In the 2011 edition, Enterprise Life was ranked the No. 1 in the Financial Services Sector and the 3rd most prestigious company in Ghana, not only leading in the insurance industry this time round, but leading the entire financial sector in Ghana.
Enterprise Group presents a Service Revolution:
The Horse Invasion:
In our quest to offer excellent service to our clients and consolidate our position as the one-stop-shop for financial services, Enterprise Group has reorganized and redefined its identity. Building on our success in the general and life insurance fields, we have branched out into Pensions Trustees and Real Estate industries and we are set to enter even more spheres of operation.
With our roots entrenched in reliability and remarkable track record of excellent service delivery, we have a unique advantage in the services industry and it is this advantage we seek to share with all those who come into contact with us.
Following the re-organization we shall no more be known as EIC, ELAC , EPL and ETL, we have become:
Enterprise Insurance (General Business Insurers)
Enterprise Life (Life Insurers)
Enterprise Trustees (Pensions Management)
Enterprise Properties (Real Estate Developers and Investments)
Enterprise Funeral Services [Funeral; burial and related services]
As a united force seeking to provide an advantage to your livelihoods our Vision and Mission statements have involved toreflect our time-honoured Values and will define us from today. Our new Vision, Mission and Values are thus:
"In all our markets, our pedigree will be recognized, our strength respected, our expertise valued and our solutions sought by ALL who desire an advantage in life".
"We provide all who come into contact with us their desired advantage... because we are the best at what we do!"
Friendliness, Trust, Reliability, Excellence and Professionalism
Recently awarded Superbrand status, the personality of the Enterprise Group is the "Thoroughbred"
The Thoroughbred is a breed of horse best known for its agility, speed and spirit. It is a horse of outstanding pedigree with an inherent disposition to be the best.
Akin to our EquusCaballus doppelganger, we are born of outstanding parentage, excellence is simply our nature. Our pedigree endows us with sheer power and muscle and it is that which drives us to deliver the quality service and solutions our stakeholders desire and have come to expect of Brand Enterprise.