The Managing Director of State Insurance Company (SIC) PLC, James Agyenim-Boateng, has announced that several insurance businesses that were transferred from the company to private firms during the Akufo-Addo administration have now returned to SIC.
Mr Agyenim-Boateng explained that the return of these businesses is not merely the result of a change in government, but rather the outcome of deliberate efforts by the current management to demonstrate why SIC remains best positioned to manage such accounts.
Speaking during a media engagement in Accra on Friday, December 12, he noted that the diversion of SIC’s businesses to private insurers spanned the last eight years.
“What I have said at every forum where I’ve had the opportunity to speak is that SIC went through those difficult times not because we lacked the right calibre of personnel or commitment,” he stated. “We had some of the best professionals, but the circumstances at the time were simply insurmountable due to factors that we all know.”
He said management has since intensified efforts to reclaim key accounts through structured engagements and competitive proposals.
“Fortunately, we are working very hard to recover some of these key accounts, and I am happy to announce that we have regained quite a number of them,” he said.
“We are not getting these businesses back simply because the political environment has changed. We are getting them back because we are making strong pitches, delivering detailed presentations, and justifying why SIC should manage these accounts.”
Mr Agyenim-Boateng added that SIC’s renewed success is anchored in its proven track record and sound risk management practices.
“We are proving our case with a solid and impeccable record at SIC, and we are also demonstrating that we back our policies with strong reinsurance arrangements,” he emphasised.
Source: myxyzonline.com
