Dr. Abiba Zakariah has been appointed as the acting Commissioner of the National Insurance Commission (NIC), placing her at the helm of Ghana’s insurance regulatory body.

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Her appointment, made by President John Dramani Mahama, marks a significant leadership transition in the sector.

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Dr. Zakariah officially took office on Monday, February 17, 2025, following her appointment last week. She takes over from Michael Andoh, who had been serving in an acting capacity since April 2023.

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With over two decades of experience in the insurance sector, Dr. Zakariah brings extensive knowledge and leadership to the NIC. She previously served as Group Chief Operating Officer at WAICA Reinsurance Corporation, a regional reinsurance firm owned by members of the West African Insurance Companies Association. She resigned from that role in 2024.

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She is also the founder and Managing Director of Strategist Consortium, a management consulting firm specializing in insurance and risk management.

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A Chartered Insurer, Dr. Zakariah holds Fellow status with both the Chartered Insurance Institute (UK) and the Institute of Risk Management Professionals of Ghana. She earned a BSc (Hons.) degree and an MBA from the University of Ghana, Legon, and later obtained a PhD in Management Studies from the Swiss Management Centre.

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Her career began at SIC Insurance Company, formerly known as the State Insurance Corporation, where she gained foundational experience in the industry.

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As she takes charge at the NIC, Dr. Zakariah is expected to spearhead policy initiatives aimed at expanding insurance coverage in Ghana. One of the key issues on her agenda will be leading discussions on the review of the minimum capital requirement for insurance companies, a topic of concern among industry stakeholders.

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