About State Insurance Company (SIC) Ghana

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.

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Corporate Vision

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.

Corporate Mission

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.

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These we will achieve through;


Continuous product innovation to meet the changing needs of our insuring public.

Service Delivery

Adopting and Adapting Best practices in our service delivery.


Commitment to pay legitimate claims promptly in-line with our sacred promises slogan.

Core Values

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.


We exhibit the highest standards and qualities of behaviour, attitudes and responsibilities.


We practice high moral principles.


We display skills, competence and work qualities expected of our professions, training and education.


We meet expectations and fulfill our promises.


We build lasting interactions with clients through trust, respect and relevance.

Achievements / Awards

  1. SIC Insurance Company is a member of the Ghana Club 100
  2. Four years running Insurance Company for the year adjudged by the CIMG (Chartered Institute of Marketing, Ghana) (2003 – 2006).
  3. The First Insurance Company in Ghana to be ushered into the CIMG Hall of Fame category, Insurance category three years running (2007&2009).
  4. 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.

See Also

State Insurance Company (SIC) Ghana Products and Services

State Insurance Company (SIC) Ghana Contact Address

Other Top Insurance Companies in Ghana