Old Mutual Group, a pan-African investment, savings, insurance, and banking group, is celebrating its 177 years of operation globally with the Ghanaian unit also marking its 10th anniversary.
The Ghana unit, which provides insurance and pension services, has been at the forefront of some of the most innovative insurance and pensions products and services in the country while showing the way when it comes to diversity in the workplace and leveraging technology for business growth.
Tavona Biza, Chief Executive Officer of Old Mutual Ghana, said having operated in Africa for over 176 years, the Old Mutual brand has made a mark as an outstanding and caring brand strongly known for its integrity, sound corporate governance and its contribution towards Africa’s socio-economic development.
Speaking at the media soiree for the company’s 177 anniversary, head of Risk and compliance Cele Gbodzi disclosed that the company is poised to increase it share of the insurance market by meeting the new requirement by the National Insurance Commission after it announced that insurance companies had up to January 2022 to raise 50million as minimum capital for the industry.
” Old Mutual Ghana is adequately capitalized. We have in excess of the regulatory requirement and we are poised to do business in Ghana. Currently, our capital requirement is above 1.5 times of the regulator. Moving forward, Old mutual is looking to champion positive features for our customers with a 177 years of experience, we believe that we can right solutions to our customers in Ghana,” she said.
Old Mutual Ghana
Old Mutual Ghana is Ghana’s top 10 leading financial institution with an innovative record in offering the best in insurance services to its clients. Founded in South Africa, Old Mutual has been consistent in championing mutually positive futures by offering excellent financial services to a wide range of customers across the African continent.
The company established a branch in Ghana in 2013. It operates with skilled knowledge of the Ghanaian market backed by the expertise of an international brand. In Ghana, the company is currently made up of Old Mutual Life Assurance Company Limited and Old Mutual Pensions Trust.
