Daniel Boi Addo Discusses Competitive Advantages and Shares his Vision for Hollard Insurance

Daniel Boi Addo, Managing Director of Hollard Insurance in Ghana, discusses competitive advantages and shares his vision for the future of the insurance company.

“We are part of a multinational group, so most solutions have been found in other countries. If you want a solution for a certain exposure, it is a matter of me sending an email or picking up the phone and calling across the group and there is always some way you can get solutions. Our capacity to come up with innovative solutions to problems is unparalleled in this market and that is what sets us out against the competition. Cyber is a growing class. In the last few years, we have had several programs where we train workers and other clients on site on the cyber exposure. We are the only insurance company in this country that has a deliberate plan on cyber insurance where we are training all our intermediaries to make sure that our clients are covered. In these days of COVID, cyber insurance coverage is even more important because we are all heavily engaged on the net. As much as it makes life comfortable for us, it opens us up also for cyber criminals”, says Daniel Boi Addo.

“In 2019, we were number two. At the rate that we are growing, in the medium term we should be number two by size, and in the long term, within five years, we should be the biggest insurance company in Ghana. Most importantly, we want to be the most profitable insurance company, delivering solid returns to our shareholders and our stakeholders and giving good, quality service to our clients”, he adds.

ABOUT HOLLARD: Hollard Ghana combines deep local knowledge of the market with the world-class expertise of an international insurance brand. With headquarters in South Africa but feet firmly planted on Ghanian soil, Hollard is able to deliver innovative insurance solutions. Starting out in Ghana as Madison Insurance in 1993, the company was recapitalised and renamed Metropolitan Insurance Company Limited (MET) in 1997. In 2006, the company took the decision to move its focus away from life insurance to other personal and commercial insurance products. In 2015, the Hollard Group acquired a majority shareholding in the company. Hollard Ghana is a member of the Ghana Insurers Association (GIA), West Africa Insurance Companies Association (WAICA), and the African Insurance Organization (AIO).

For more information, please visit: www.hollard.com.gh.

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