Equity Assurance rebrands to SUNU Assurances Ghana

Adeyemi Adetuwo, Managing Director, SUNU Assurances Ghana Limited, with Frema Osei Opare, Chief of Staff and Management

After operating in Ghana for the past 10 years, Equity Assurance Limited has change to become SUNU Assurances Ghana Limited after due approval by our Shareholders and the National Insurance Commission.

During this past 10 years, the company have grown to be among the first 10 insurance companies in terms of Gross Premium Income.

The name change is strategically designed to align with the exemplary brand of its parent company, the SUNU Group, with an asset base of over US$623 million, operating in 14 African Countries spanning West and Central Africa.

Speaking at the rebranding of Equity Assurance Ghana Limited to SUNU Assurances Ghana Limited, the Managing Director, Adeyemi Adetuwo noted that the new name, SUNU, has been around for about two years now, after it had obtained the relevant regulatory approvals for the investments of the SUNU Group in the company.

The company’s Profit-Premium-Ratio, thus, both the Profit Before and After Tax for the past five years have been one of the best in the industry, said Adetuwo. “All these indices as per the periodic industry reports released by our Regulator, the National Insurance Commission (NIC) are there for verification.”

He further indicated that contrary to the general perception that insurance companies find reasons to reject claims, the company has promptly paid its genuine claims.

“This year alone we have paid a total gross claim of about GHS9.6 million,” he stated.

The company is expected to continue to operate in its current structure, and corporate head office. Other than the name change, there will be no change in management.

By Joshua W. Amlanu