The National Insurance Commission (NIC), has committed to ensure that all insurers are solvent by meeting the new minimum capital requirement for insurance firms by the December 31 deadline. The move will ensure that insurance companies operating in the country have sufficient funds to meet the obligations of their policyholders. That, the regulator said, was part of its mandate to strengthen solvency and protect the interest of policy holders to bring the needed confidence in the insurance industry. At the launch of a new insurance product for Quality Insurance Company (QIC) Limited in Accra, the Commissioner of NIC, Dr. Justice Yaw Ofori, stated that the NIC was committed to create an enabling environment that encouraged the development of innovative products for policy holders. Digitisation offers better prospects to increase efficiency. The NIC for its part is focused on strengthening solvency, protecting policyholders’ interests and creating an enabling environment that encourages...