Chief Executive Officer of Serene Insurance and 2 nd Vice-President/Chairman of the Ghana Insurers Association (GIA), Mercy Naa Koshie Boampong, has strongly defended the capacity of local insurance companies to provide cutting-edge, growth-oriented risk cover regimes for marine/aviation cargo to safeguard import trade in the long term. Citing Serene Insurance as an example of local capacity, Boampong noted her company was well-placed financially and technically to support the country’s import trade through marine cargo insurance. The strong assurance to importers, regulators and industry stakeholders comes on the back of government’s decision to intensify enforcement of compulsory domestic marine insurance for all commercial imports, noting that local insurers such as Serene Insurance Company Limited possessed requisite experience, technical know-how, the financial muscle and ability to underwrite Ghana’s marine cargo risks at scale. She noted that marine insurance is not a new ...