• Latest
  • Trending

Donewell Insurance poised for unprecedented growth in 2019

June 3, 2019
Exclusive: Black Stars Assistant coaches not paid for six months

Otto Addo names 27-Man Squad for Chad and Mali World Cup Qualifiers

August 26, 2025
Kwabena Agyepong files nomination, calls for issues-based campaign

Kwabena Agyepong files nomination, calls for issues-based campaign

August 26, 2025
Akwatia by-election: Anyone found with weapons will be arrested: Deputy Director, PPME, Small Arms Commission

Akwatia by-election: Anyone found with weapons will be arrested – Deputy Director, PPME, Small Arms Commission

August 26, 2025
NHIA to Sanction Health Facilities Charging Illegal Fees – CEO

NHIA to sanction health facilities charging illegal fees – CEO

August 26, 2025
Ministry of Health receives final report on Tamale Teaching hospital incident

Ministry of Health receives final report on Tamale Teaching hospital incident

August 26, 2025
Ghana’s Ambassador Nancy Q Sam honoured by Miami International Airport for her contributions to tourism

Ghana’s Ambassador Nancy Q Sam honoured by Miami International Airport for her contributions to tourism

August 26, 2025
AIB urges the public to avoid speculation in the helicopter crash probe

Africa is investable, Ghana is your gateway- Mahama tell Global Investors

August 26, 2025
Haruna Amaliba sounds alarm on internal security threats

Haruna Amaliba sounds alarm on internal security threats

August 26, 2025
NPP National Officer and Council Member calls for peaceful primaries ahead of 2028 election

NPP National Officer and Council Member calls for peaceful primaries ahead of 2028 election

August 26, 2025
Botswana declares health emergency amid critical medicine shortages

Botswana declares health emergency amid critical medicine shortages

August 26, 2025
Akwatia by-election: Disqualified APP aspirant drags EC to court

Akwatia by-election: Disqualified APP aspirant drags EC to court

August 26, 2025
NPA Engages Petroleum Industry Players on New Draft Bill

NPA engages Petroleum Industry Players on new draft bill

August 26, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Business

Donewell Insurance poised for unprecedented growth in 2019

in Business
Share on FacebookShare on TwitterShare on Whatsapp

Performance figures presented at Donewell Insurance Company Limited’s 20th Annual General Meeting (AGM) positioned the company to perform well by the end of year. According to the Chief Executive Officer Mr. Seth Aklasi, as at the end of 2019 first quarter (March 2019), the company had already recorded a premium of over GHS34million, GHS4million less than the company’s premium revenue for 2018 which stood at GHS38.8million. He attributed this growth to the board and management’s innovative strategies initiated over the years including specific ones for this year. He stated, “the company continues to improve and report profit after tax; the results seen is due to various strategies that have been put in place to aggressively grow the topline, manage claims and keep a close eye on operational expenses.

The company recorded growth in gross premium revenue, an impressive claim to premium ratio and profit before and after tax in 2018. Performance figures for the past five years also showed a 160% growth over the period. The Board Chairman, Prof. Ato Essuman presented the board’s recommendation to pay dividends confirming the company’s consistency in paying dividends each year from 2016. In 2016, the company paid dividends of GHS2,500,000.00; the highest paid by any insurance company that year but the 2018 dividend declared was GHS3,395,707.20; 36% more than 2016.

With a commitment to growth, sustainability and continuity, the company updated shareholders on current plans to meet the dynamic needs of its cherished clients and ultimately improve business. This includes the introduction of a new insurance software with advanced features to improve turnaround time, signing of service level agreements with garages to conduct assessments, repair and service vehicles of motor insurance clients without delays and the refurbishment of the corporate head office and main underwriting hall to improve customer experience.

The corporate head office building was rededicated to the Glory of God after the AGM by Most Rev. Prof. Emmanuel K. Asante, a former Presiding Bishop of the Methodist Church of Ghana.

Donewell Insurance Company Limited is a private limited liability company owned by the Methodist Church of Ghana, Institutional Investors, Professional Trade Associations and other individuals. In its 26th year of operation, the company has grown consistently and improved its business and profits. In 2018, the company celebrated its Silver Jubilee anniversary with a range of corporate social responsibility projects including a blood donation drive to stock the national blood bank. This was aimed at giving back to society and the community within which it conducts its business. In contributing to the development of the industry, it initiated and organized the 2018 Insurance Industry Symposium that served as a platform for all stakeholders to discuss and make recommendations for the advancement of the industry.

Tags: Downwell

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Vodafone Ghana donates towards Ark Foundation

Next Post

Video: I have 27 Tattoos – D-Black reveals

Next Post

Video: I have 27 Tattoos - D-Black reveals

Search

No Result
View All Result

Listen Live

Happy Kaseɛbɔ 600AM news bulletin
Happy Kaseɛbɔ 600AM news bulletin

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Otto Addo names 27-Man Squad for Chad and Mali World Cup Qualifiers
  • Kwabena Agyepong files nomination, calls for issues-based campaign
  • Akwatia by-election: Anyone found with weapons will be arrested – Deputy Director, PPME, Small Arms Commission
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.