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SIC Insurance Company PLC's Overview

Total employees401
HeadquartersAccra
Founded1962

SIC Insurance Company PLC is Ghana's largest general insurance company and a leading player in the West African insurance market. Originally established as the State Insurance Corporation in 1962, it was later converted into a public limited liability company. SIC Insurance offers a wide range of products and services, including general accident, motor, marine, aviation, oil & gas, and specialized risk insurance. The company is committed to providing reliable insurance solutions to individuals, businesses, and government entities, contributing significantly to Ghana's financial services sector.

Where is SIC Insurance Company PLC's Headquarters?

SIC Insurance Company PLC officeSIC Insurance Company PLC officeSIC Insurance Company PLC officeSIC Insurance Company PLC office
*Images sourced via web search. Rights belong to original owners

HQ Function

Serves as the central administrative and strategic hub for all operations of SIC Insurance Company PLC, overseeing underwriting, claims, finance, marketing, and corporate governance.

Notable Features:

Nyemitei House is a prominent multi-storey office building located in the Osu commercial district, a recognizable landmark associated with the company in Accra.

Work Culture:

Professional, with a focus on customer service, ethical practices, risk management, and contributing to Ghana's financial sector development. Emphasis on teamwork and employee development within a national corporation structure.

HQ Significance:

The headquarters is central to SIC's operations as the nation's leading insurer, playing a pivotal role in strategy formulation, major decision-making, and managing its extensive branch network across Ghana.

Values Reflected in HQ: The headquarters reflects values of stability, reliability, leadership in the insurance industry, and a long-term commitment to the Ghanaian market and its policyholders.

Location:

SIC Insurance Company PLC's operations are primarily focused on the Ghanaian market, where it holds a significant market share. While it may engage in international reinsurance partnerships to manage large risks, its direct service and branch presence is domestic. The company serves a diverse clientele within Ghana, from individual policyholders to large corporations and state enterprises.

Street Address:

Nyemitei House, 28/29 Ring Road East, Osu

City:

Accra

State/Province:

Greater Accra Region

Country:

Ghana

SIC Insurance Company PLC's Global Presence

Kumasi, Ashanti Region, Ghana

Address: SIC Building, Harper Road, Adum, P.O. Box 853, Kumasi

To extend SIC's market reach and service delivery capabilities in a key commercial and population center, ensuring accessibility and local expertise for clients in the region.

Takoradi, Western Region, Ghana

Address: SIC Building, Liberation Road, P.O. Box 0233, Takoradi

To support the diverse economic activities and communities in the Western Region by providing accessible and relevant insurance products, risk advisory, and claims services.

Tema, Greater Accra Region, Ghana

Address: SIC Building, Community 1, P.O. Box 240, Tema

To provide robust insurance support to the critical industrial and commercial operations centered in Tema, facilitating trade and economic growth.

Buying Intent Signals for SIC Insurance Company PLC

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of SIC Insurance Company PLC

As of April 2025, SIC Insurance Company PLC' leadership includes:

Mr. Stephen Oduro - Managing Director
Mrs. Cynthia Kwarteng Tufuor - Deputy Managing Director (Finance & Administration)
Mr. Emmanuel Tuffuor Boakye - Deputy Managing Director (Technical Operations)
Mrs. Maame Afriyie K. Weittey - General Manager (Legal & Company Secretary)
Mr. Senanu Kwasi Adzokatse - General Manager (Marketing & Business Development)

Investors of SIC Insurance Company PLC

SIC Insurance Company PLC has been backed by several prominent investors over the years, including:

Government of Ghana
Social Security and National Insurance Trust (SSNIT)
SIC-FSL Special Purpose Vehicle
Dr. K.K. Sarpong
Public shareholders via the Ghana Stock Exchange (GSE)

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits1

In the last 12 months (May 2023 - May 2024), one departure from the Board of Directors was noted. The core executive leadership team, including the Managing Director and Deputy Managing Directors appointed in August 2022, remained stable with no publicly announced changes.

Departures

Mr. Daniel Ofori, Mr. Daniel Ofori resigned from his position on the Board of Directors of SIC Insurance Company PLC.

Technology (Tech Stack) used by SIC Insurance Company PLC

Discover the tools SIC Insurance Company PLC uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

SIC Insurance Company PLC Email Formats and Examples

SIC Insurance Company PLC likely utilizes standardized email formats for its employees. Common corporate email patterns include a combination of the employee's first and last name followed by the company's domain.

[first_initial][last_name]@sic-gh.com (e.g., joduro@sic-gh.com) or [first_name].[last_name]@sic-gh.com (e.g., stephen.oduro@sic-gh.com)

Format

soduro@sic-gh.com (example for a Managing Director, Stephen Oduro, using the [first_initial][last_name] pattern)

Example

80%

Success rate

News and media

Ghana News AgencyFebruary 14, 2024

SIC Insurance pledges support for Ghana Police Service

SIC Insurance Company PLC has committed to supporting the Ghana Police Service in enhancing security across the country. The Managing Director, Mr. Stephen Oduro, made this pledge during a courtesy call on the Inspector General of Police, emphasizing the company's corporate social responsibility....more

Norvan ReportsDecember 5, 2023

SIC Insurance’s profitability soars, navigates market challenges with strategic growth

SIC Insurance PLC reported a significant surge in profitability for the nine months ending September 2023, with profit after tax reaching GHS 46.2 million, a substantial increase from GHS 27.9 million in the same period of the previous year. The company also demonstrated growth in gross premium income amidst a challenging economic climate....more

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