Dr. Aaron Issa Anafure, the outgoing 1st Vice President of Ghana Insurers Association (GIA), is emphasizing the importance of insurance for the general public. He urges individuals and businesses to prioritize insuring their lives, livelihoods, and properties against unforeseen losses.
Dr. Anafure encourages people to have insurance plans in place to protect their assets during times of financial risk or unfortunate events. Insurance serves as a vital financial tool that helps individuals, families, and corporations recover financially after sudden emergencies.
Insurance acts as a form of financial protection, providing beneficiaries with the means to manage unexpected expenses resulting from accidents or other mishaps. In these situations, the insurer evaluates the potential difficulties and pays out according to the agreed-upon policy, known as the Insured Value.
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During an interview with Onua News, Dr. Anafure describes insurance as a tool that supports business and property owners in recovering after accidents, disasters, theft, or burglary. He emphasizes that insurance is a necessary component of any financial plan, safeguarding long-term investments against sudden financial shocks. He encourages everyone, even those living in rented apartments, to insure their possessions for protection during times of distress.
Addressing concerns about insurance companies not paying out beneficiaries' Insured Value in a timely manner, Dr. Anafure emphasizes that insurers follow a due process when issuing claims. He urges the public to exercise patience during the claims process to ensure the stability of the sector.
