Bedrock Insurance Officially Opens in Ghana

Bedrock Insurance Company Limited, a Ghanaian owned insurance firm has been officially launched in Accra.

In his speech at the launch, Bedrock Insurance’s Chief Executive Officer (CEO) Albert Eyeson-Ghansah shared with participants, the company’s mission as well as the investments the company has made towards its smooth and continuous operation.

“We aim to help people freely pursue their dreams in a world of uncertainties by making insurance simple so they can protect the things that mean the world to them” he said.

“We are investing in the right people and the right technologies and adopting continuous improvement in our operations. We’ve spent time to prepare ourselves – implementing a robust software which goes live in tandem with our launch” he added.

Mr Eyeson-Ghansah stressed on the company commitment to employee-empowerment, highlighting the company’s core values.

“We believe that for companies to be financially successful and good, leaders, with every employee, must demonstrate that values matter at every turn. Therefore, at Bedrock, we aim at creating a values-based company built upon our five core values of Integrity, Empathy, Innovation, Efficiency and Enthusiasm.”

Commissioner of Insurance, Justice Yaw Ofori, urged management of Bedrock Insurance to practice good corporate governance and maintain high standards to retain the confidence the public still have in the industry.

“Insurance is the delivery of promise to the future. The growth of insurance company therefore hinges on policy holder’s trust and confidence. For this reason, I want to entreat Bedrock [Insurance Company Limited] to be mindful of two crucial things; one, under-pricing and secondly fair treatment of customers,” he stated.

He added the National Insurance Commission looks forward to Bedrock Insurance to make significant contribution to the sector and in particular the Ghanaian economy as a whole.

Bedrock Insurance Company Limited was incorporated under the Companies Code, 1963 (Act 179), and licensed to provide insurance solutions to individuals, families and businesses.

The Company obtained its operating license from the National Insurance Commission in December 2017, and commenced operations in February 2018.