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About Provident Insurance

OPERATIONS NETWORK


The company has branches in five (5) principal cities and towns in Ghana namely, Accra, Kumasi, Tema, Takoradi and Obuasi in addition to a few agency offices. The company’s policy over the years has been to operate a limited number of Branch and agency offices in order to facilitate efficient and effective monitoring and control. In addition to direct operations, the company works with and through brokers and gents.

 

Among the Brokers we have a working relation with are as follows:

 

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Universal Insurance Consultants Ltd.

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Gold Insurance Brokers Ltd

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Edward Mensah, Wood & Assoc.

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KEK Insurance Brokers Ltd

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Global Impact Insurance Brokers

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Claims Limited

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Akoto Risk Management

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Maxpal Intermediaries Ltd

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Alliance Insurance Brokers & Consultants Limited

 

REINSURERS
Provident is able to underwrite huge insurance businesses and substantial risk because we are also fully supported by strong reinsurance companies both locally and internationally such as; Ghana Re, Mainstream, Munich Re and Swiss Re. Facultative arrangements also provides a good network among the primary Ceding insurance companies on the local front.

 

CORPORATE/ORGANISATIONAL STRUCTURE

Provident Insurance Company is a single corporate body. It is organized into the following sections;

 

(a) Technical / Underwriting

 

    General Business Department

  1. Motor Section

  2. Fire, Bonds, Burglary Section

  3. Goods-in-transit, Workmen Compensation, Cash-in- transit Section

  4. Contractors All Risk, Plant & Machinery, Public Liability,

 

    Professional Indemnity Section.

  1. Claims Section

  2. Reinsurance section

 

(a) Non-Technical

  1. Legal/Personnel/ Administration Section

  2. Investments, Finance & Accounts Section

  3. Information Technology Section

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Auditors            -        Deloitte & Touche

Bankers             -        Merchant Bank Ghana Ltd

SSB Bank Ltd

Ghana Commercial Bank Ltd

First Atlantic Merchant Bank

Barclays Bank of Ghana Ltd...

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