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2016-04-30T00:00:00.000Z

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Wrong Nyamikeh Kyiamah?

Mrs. Nyamikeh Kyiamah

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Background Information

Employment History

Commissioner of Insurance

National Insurance Commission

Director

Willow Tree Children's Centre

Affiliations

Board Member
African Reinsurance Corporation

Representative
Ghana

Member of the Governing Council
Insurance Institute of Ghana

Education

B.SC. degree

Statistics

University of Ghana

Web References (68 Total References)


National Insurance Commission : News

www.nicgh.org [cached]

Mrs. Nyamikeh Kyiamah acts as Commissioner of Insurance National Insurance Commission : News

...
Mrs. Nyamikeh Kyiamah acts as Commissioner of Insurance
The President has appointed Mrs. Nyamikeh Kyiamah, as the acting Commissioner of the National Insurance Commission (NIC).
Mrs. Kyiamah who is currently the Deputy Commissioner of Insurance at the NIC, takes over from Ms. Josephine Amoah effective December 1, 2009.
...
Mrs. Kyiamah qualified as an Associate of the Chartered Insurance Institute of the United Kingdom more than 20 years ago and presently a Chartered Insurance practitioner of the UK Institute and a fellow of the Insurance Institute of Ghana.
Mrs. Kyiamah assumes duty with a wide range of experience in both teaching and practicing since qualifying as a chartered insurer.
She is the Chairperson of the Ghana Insurance College, a board member of the African Reinsurance Corporation and a member of the Governing Council of the Insurance Institute of Ghana.
She has had a long career as an insurance practitioner from 1977 to date. First as an underwriter at Vanguard Assurance Company Ltd. and Star Assurance Company Ltd. She was a reinsurer at Ghana Reinsurance Company and had been a senior regulator at the NIC in the last 15 years.
Mrs. Kyiamah was a part-time lecturer in Insurance at the School of Administration, now University of Ghana Business School and a part-time lecturer in Insurance Regulation and Supervision at the West African Insurance Institute, Banjul, The Gambia.


National Insurance Commission : News

www.nicgh.org [cached]

NIC to expose insurance malpractice - Mrs Nyamikeh Kyiamah National Insurance Commission : News

...
NIC to expose insurance malpractice - Mrs Nyamikeh Kyiamah
The National Insurance Commission (NIC) is to conduct a special audit to expose insurance companies which are engaged in premium undercutting which is affecting their ability to pay claims.
The acting Commissioner of the NIC, Mrs. Nyamikeh Kyiamah, who made this known in Accra Tuesday, warned of dire consequences for insurance companies which would be found indulging in unhealthy market practices.
At a meeting with chief executive officers of insurance companies, Mrs. Kyiamah said "some of those insurance firms are demonstrating doubtful commitment to the development of our market".
Some of the firms are alleged to show no respect for the rules and regulations of the insurance business in the country and also indulge in premium undercutting, affecting their ability to pay claims.
Mrs. Kyiamah said another area of concern to the NIC was the problem of huge outstanding premium debts in the books of the insurance companies.
She said the ratio of outstanding premiums to gross premiums rose from 34 per cent in 2007 to 43 per cent in 2008, stressing that "this is a serious matter".
She explained that the result of such huge outstanding premiums was the companies' inability to invest, which also negatively affected their solvency position.
Mrs. Kyiamah said to address some of those problems, the NIC, apart from its inspection and enforcement activities, intended to work closely with approved auditors to ensure that the internal practices of insurance firms not only complied with the law but also showed a commitment to the development of the industry.
She noted that the enforcement of the rules had become more urgent as a result of the expected rapid growth in the oil and gas industry in the country.
As part of efforts to support local insurance companies, she said the NIC would design and implement a suitable risk-based supervision model for the Ghanaian insurance industry in line with international best practices.


National Insurance Commission : Our Team

www.nicgh.org [cached]

Mrs. Nyamikeh Kyiamah - Member


National Insurance Commission : Our Team

www.nicgh.org [cached]

Mrs Nyamikeh Kyiamah - Commissioner of Insurance

Mrs. Nyamikeh Kyiamah is a graduate of the University of Ghana, with a B.SC. degree in Statistics with Mathematics. She also holds an EMBA (Entrepreneurial Management) from the University of Ghana Business School. She qualified as an Associate of the Chartered Insurance Institute of the U.K. over 25 years ago, and has been an insurance practitioner since 1977. Mrs. Kyiamah is presently a Chartered Insurance Practitioner of the U.K. Institute, and a Fellow of the Insurance Institute of Ghana. She has been at the Commission since April 1993.
Mrs. Kyiamah, is responsible for the day-to-day administration of the Commission.


National Insurance Commission : News

www.nicgh.org [cached]

NIC to expose insurance malpractice - Mrs Nyamikeh Kyiamah National Insurance Commission : News

...
NIC to expose insurance malpractice - Mrs Nyamikeh Kyiamah
The National Insurance Commission (NIC) is to conduct a special audit to expose insurance companies which are engaged in premium undercutting which is affecting their ability to pay claims.
The acting Commissioner of the NIC, Mrs. Nyamikeh Kyiamah, who made this known in Accra Tuesday, warned of dire consequences for insurance companies which would be found indulging in unhealthy market practices.
At a meeting with chief executive officers of insurance companies, Mrs. Kyiamah said "some of those insurance firms are demonstrating doubtful commitment to the development of our market".
Some of the firms are alleged to show no respect for the rules and regulations of the insurance business in the country and also indulge in premium undercutting, affecting their ability to pay claims.
Mrs. Kyiamah said another area of concern to the NIC was the problem of huge outstanding premium debts in the books of the insurance companies.
She said the ratio of outstanding premiums to gross premiums rose from 34 per cent in 2007 to 43 per cent in 2008, stressing that "this is a serious matter".
She explained that the result of such huge outstanding premiums was the companies' inability to invest, which also negatively affected their solvency position.
Mrs. Kyiamah said to address some of those problems, the NIC, apart from its inspection and enforcement activities, intended to work closely with approved auditors to ensure that the internal practices of insurance firms not only complied with the law but also showed a commitment to the development of the industry.
She noted that the enforcement of the rules had become more urgent as a result of the expected rapid growth in the oil and gas industry in the country.
As part of efforts to support local insurance companies, she said the NIC would design and implement a suitable risk-based supervision model for the Ghanaian insurance industry in line with international best practices.

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