The President of the Chartered Insurance Institute of Ghana (CIIG), Solomon Lartey, has called on the government to ensure that all state-owned vehicles are adequately insured. This move, he believes, would help address misconceptions and build public confidence in the insurance industry. Lartey's comments come as reports suggest that some government vehicles are operating without insurance, a situation he describes as a matter of serious concern.
The issue was recently raised in Parliament by the Minority Chief Whip, Frank Annoh-Dompreh, who questioned why some government vehicles were allegedly being allowed to operate without valid insurance. The legislator argued that the government's failure to ensure compliance among its own vehicles could send the wrong signal to the public and undermine efforts to promote insurance awareness and compliance among ordinary citizens.
Speaking in an interview, Lartey emphasized that the government must demonstrate its commitment to insurance by ensuring that its vehicles comply with the relevant insurance requirements. He noted that such a move would help address misconceptions and mistrust surrounding the insurance industry, while reinforcing the importance of insurance as a means of financial protection.
According to Lartey, insurance should not be seen merely as a legal requirement but as an essential tool for protecting individuals and institutions against unforeseen circumstances. He stressed that the government must lead by example if it expects the public to recognize the value of insurance and make it an important part of their financial protection arrangements.
Lartey's call for action comes at a time when authorities are encouraging citizens to embrace insurance and appreciate its importance. The CIIG President's comments highlight the need for the government to take a proactive approach to promoting insurance awareness and compliance, particularly among its own agencies and institutions.
The issue of uninsured government vehicles has sparked concerns about the government's commitment to insurance and its role in promoting public confidence in the industry. Lartey's comments are seen as a timely reminder of the importance of insurance in protecting individuals, institutions, and the economy as a whole.
The government has yet to respond to Lartey's comments, but it is expected to take steps to address the issue of uninsured state-owned vehicles. The CIIG President's call for action is seen as a crucial step towards promoting insurance awareness and compliance in Ghana, and it remains to be seen how the government will respond to his concerns.
Key points
- Insuring state-owned vehicles would help address misconceptions and build public confidence in Ghana's insurance industry.
- The government's failure to ensure compliance among its own vehicles could undermine efforts to promote insurance awareness and compliance among ordinary citizens.
- Insurance should be seen as an essential tool for protecting individuals and institutions against unforeseen circumstances, not just a legal requirement.
