SIC Insurance PLC engages in the provision of non-life insurance business in Ghana. It operates through four segments: Motor, Marine & Aviation, Fire, and Accident. The Motor segment underwrites motor insurance that provides coverage, which indemnifies the insured against any accidental loss to motorbikes and vehicles. This segment offers motor insurance products, such as comprehensive, third party, and third-party fire and theft. The Marine & Aviation segment provides marine insurance that covers airborne cargoes, ships, and fishing vessels, as well as ports and harbor installations; and aviation insurance, which covers aircrafts, cargo, and passengers. The Fire segment offers fire insurance products that cover accidental destruction of properties, including household buildings, personal effects, commercial and industrial buildings, plants and machinery, raw materials, finished goods, and profits policies. The Accident segment provides accident policies, which cover a range of activities, such as personal accidents, family and group personal accidents, burglary, cash-in-transit, goods-in-transit, banker’s indemnity, pedals cycle, products liability, contractors’ all-risk, travel insurance, bonds, etc. The company also offers workmen's compensation insurance, general bonds, travel, and engineering and construction insurance. In addition, it provides investment advisory, asset and fund management services, financial consultancy, and brokerage services. SIC Insurance PLC was founded in 1955 and is headquartered in Accra, Ghana.
Ghanaian Market Performance
7D7 Days: 6.6%
3M3 Months: 13.5%
1Y1 Year: 55.5%
YTDYear to Date: 44.3%
Over the last 7 days, the market has risen 6.6%, driven by gains of 11% in the Communication Services sector. As for the past 12 months, the market is up 56%. Earnings are forecast to grow by 16% annually. Market details ›
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