Accra, Nov. 9, GNA - The Ghana Institute of Management and Public Administration (GIMPA) on Wednesday announced a special educational incentive package for Members of Parliament to undertake studies at the Institute.
The package intended to enhance the quality and knowledge base of Parliamentarians, strengthen multi-party democracy and serve as a catalyst to democratic growth includes scholarship and other human capacity development initiatives.
Professor Stephen Adei, Rector of the Institute, who announced the special package at the 15th anniversary celebration of the National Insurance Commission (NIC) in Accra, noted that 52 Parliamentarians had already benefited from the incentives. He, therefore, urged other Parliamentarians to take advantage of the package.
Speaking on 15 years of NIC, Ms Josephine Jennifer Amoah, Insurance Commissioner, said the Commission had strengthened the capacity of insurance companies, improved upon service delivery and promoted public confidence in the industry.
"We have increased both our on-site evaluations of insurance service organizations to ensure that they comply with the Insurance Law and Regulations, save companies from collapsing, while the establishment of the Compensation Fund has brought a lot of relief to the people, who were injured or killed by uninsured and hit and run-vehicles." Ms Amoah said the Commission had also established a solvency guideline, which sought to regulate the assets and investments of insurance companies and to ensure that they mobilized funds to honour their financial obligations to policyholders. The Commission had instituted an administrative machinery to protect the interest of policyholders and to improve the quality of insurance service delivery, she said.
"Our goal is to establish through effective supervision, an insurance industry, which honours its obligations and enjoys public confidence and high patronage."
She said the Commission would ensure that a sound regulatory and supervisory system was established. It would also maintain an efficient, safe, fair and stable insurance market, which would promote growth and competition among operators in the industry.