The Commissioner of Insurance, Ms Lydia Lariba Bawa, has underscored the need for the training of more professionals in the insurance industry in order to enable them support the country economically.
That, she said, was necessary because insurance had increasingly become the backbone of many economies in the world and the government had ,therefore, taking steps to help the industry grow in order to enable it contribute substantially to the country’s Gross Domestic Growth (GDP).
Ms Bawa was speaking at the 8th graduation ceremony of the Ghana Insurance College on April 24 in Accra.
A total of 197 students graduated from the Ghana Insurance College (GIC) at the ceremony.
In all, about 71 students were awarded with Advanced Diploma certificates, 66 students received Diploma certificates, while the remaining 60 students received certificates for the various courses they undertook.
Ms Bawa said insurance penetration in the country needed to be improved to an appreciable level so that it would help secure the safety of businesses, properties, individual among others.
“Training and creating insurance awareness are ,therefore, two key areas that stakeholders cannot overlook. The Ghana Insurance College stands in a unique position to help achieve this objective” she said.
The college, she said, had introduced new professional programs and was also seeking to collaborate with other tertiary institutions to provide the much needed insurance education.
Ms Bawa charged the graduates to take advantage of the opportunities in the industry and strive to attain the ultimate professional qualification.
A former Rector of Ghana Institute of Management and Public Administration (GIMPA), Professor Stephen Adei, admonished the graduates to adhere to the high professional standards of the insurance profession.
“As you embark on your new professional career, I urge you to act in the public interest by promoting good corporate governance and consistently apply global standards,” he said.
The Ghana Insurance College was established to develop the requisite human resource that was needed to sustain and build the capacity of the insurance profession.