About State Insurance Company (SIC) Ghana
SIC Insurance is a listed public limited liability company with over 14,000 shareholders. The Government of Ghana is still the largest single shareholder with 40% shareholding. The company is the nation’s largest general insurer, and has a nationwide coverage. Its lines of insurance include motor, accident, travel, marine, aviation, fire, and oil & gas.
SIC Insurance wishes to partner with you, our cherished clients and stakeholders, to become the dominant, trustworthy and value-creating insurer in the West African insurance market.
To provide a full-range of competitive, cutting-edge non-life insurance and allied services to you, our cherished clients, and to deliver value to you, our cherished stakeholders.
These we will achieve through;
In support of our vision and mission statement, we commits ourselves to the following guiding values in dealings with all stakeholders: excellence, integrity, professionalism, reliability, and relationships.
Achievements / Awards
- SIC Insurance Company is a member of the Ghana Club 100
- Four years running Insurance Company for the year adjudged by the CIMG (Chartered Institute of Marketing, Ghana) (2003 – 2006).
- The First Insurance Company in Ghana to be ushered into the CIMG Hall of Fame category, Insurance category three years running (2007&2009).
- Internationally AA rated by Global Credit Rating, South Africa.
The Global Credit Rating Company (GCR) of South Africa in December, 2009 rated SIC Insurance Company Ltd “AA” in claims paying ability. The rating by GCR reflects an evaluation of an Insurer’s current financial position as well as how its financial position may change in the future. This means that SIC has a very high claims paying ability, the highest independently rated Insurance Company in Ghana, its protection factors are strong and risk exposure is modest.