SIC Insurance Company Limited is one of the oldest non-life insurance companies in Ghana. It traces its roots to the year 1955, when the Gold Coast Insurance Company was established. It was renamed Ghana Insurance Company in 1957, when Ghana attained independence. In 1960, Ghana Insurance Company which was primarily a life assurance company, set up a subsidiary company – Ghana General Insurance Company (Ghana General) to underwrite fire and motor businesses.

The Government of Ghana in February 1962, per an Executive Instrument, took over the Ghana Cooperative Insurance Company and reconstituted it into the State Insurance Corporation to await the completion of takeover negotiations with Ghana Insurance Company and its subsidiary Ghana General. Subsequently after a successful takeover of the two private companies – Ghana Insurance and Ghana General – the new company, State Insurance Corporation, commenced business in November, 1962. with an initial paid up capital of GHS1 Million.

By a special resolution passed on 22nd October, 2007 the name of the Company was changed to SIC Insurance Company Limited., the sole shareholder offered 60% of the shares of the company to the Ghanaian public by listing it on the GSE.  This was oversubscribed by 97%. The government of Ghana retained 40% equity share.

SIC business operations cover fire, motor, marine and aviation, and accident insurance. SIC also provides specialty insurance products such as hoteliers and leisure policy, a policy for the hospitality industry as well as oil and gas insurance policies.

  • ISIN Code: GH0000000730
  • Issued Shares: 195,645,000
  • Authorised Shares: 500,000,000
  • Registrars: NTHC Limited
  • Location: Nyemitei House, 28/29 Ring Road East
  • Address: P. O. Box 2363, Accra
  • Telephone: 030 278 0600/9
  • Website:
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