Star Assurance Co. Ltd
Star Assurance Company Limited (“Star Assurance”) is a privately owned Insurance Company incorporated in August 1984 and licensed to carry out corporate and retail insurance businesses in Ghana. It commenced business in April 1985.
Star Assurance which started business as a composite company had to hive off its Life operation by setting up a company, StarLife Assurance, in compliance with the Insurance Law 2006, Act 724.
Star Assurance consequently underwrites only general business products including Motor, Fire, Marine, Aviation, Accident, Travel Insurance etc.
Within Thirty- Four (34) years of its operations, Star Assurance has emerged as the biggest indigenous private insurance enterprise in terms of assets and indeed among the first three insurance companies in Ghana in terms of premium income.
The Company has twenty- eight (28) branch offices across the Regional Capitals and a wide range of Agency offices. We therefore have representation in all the regions of Ghana.The company has been rated in the AA- category by Global Credit Rating of South Africa.
The company was awarded General Insurance Company of the year 2016 by the Chartered Institute of Marketing Ghana (CIMG). Insurance Company of the year 2018 by Ghana Insurance Accountancy & Finance Awards and Most Broker Friendly and Supportive Non-Life Insurer by Ghana Insurance Brokers (GIBA).
The company again received Gold Award(Non-Life) at the 12th Ghana Business and Financial Services Excellence Award. Major Loss Award by the Ghana Insurance Awards.
The company was founded on a vision of ‘Partnering with you to be the definition of insurance and the creator of delightful experiences’. MISSION
To optimize resources in order to give clients increased satisfaction, employees optimized human potential and shareholders maximum value.
WE WILL ACHIEVE THIS BY:
- Making customer satisfaction our topmost priority.
- Providing a congenial work environment for our staff.
- Investing in the development of our staff and thereby boosting productivity.
- Motivating staff and commission sales representatives to strive for higher performance by providing the appropriate incentives.
- Providing innovative products to meet the changing needs and wants of the insuring public.
- Improving the company's productivity through the computerisation of its key business processes.
Our core values flow from our mission statement and are the guiding principles by which our affairs are conducted.
These values are:
We are dedicated to continually improving our products, operations and performance in order to deliver innovative solutions and extraordinary services to exceed the highest expectations of our customers.
We build mutually beneficial relationships among staff, agents, brokers and other partners who share similar values and work in tandem to achieve high performance, excellence and superior business results.
Enterprise culture is the philosophy through which the employees develop high sense of ownership by consistently making decision in the best interest of the company and its customers.
We are action-oriented, constantly striving to deliver results, create possibilities and build a brighter future for all stakeholders.
PRODUCTS AND SERVICES
Fire and Allied policies
Motor insurance policies
General accident insurance