Dr. Abiba Zakariah Appointed as New NIC Commissioner

President John Mahama has named Dr. Abiba Zakariah as the acting Commissioner of the National  Insurance Commission (NIC). The seasoned insurer will oversee Ghana’s  insurance regulatory framework.

Dr. Zakariah officially assumed office on Monday, February 17, 2025, following her appointment last week.

She succeeds Michael Andoh, who had been serving in an acting capacity since April 2023, sources familiar with the new appointment have told Citinewsroom.com

About Dr. Abiba Zakariah

With over 20 years of experience in the insurance sector, Dr. Zakariah has held key leadership roles, including her tenure as Group Chief Operating Officer of WAICA Reinsurance Corporation, a reinsurance company owned by members of the West African Insurance Companies Association. She resigned from the role in 2024.

She is also the founder and Managing Director of Strategist Consortium, a management consulting firm.

Dr. Zakariah is a Chartered Insurer and a Fellow of the Chartered Insurance Institute (UK) and the Institute of Risk Management Professionals of Ghana.

She holds a BSc (Hons.) Degree and an MBA from the University of Ghana, Legon, and earned a PhD in Management Studies from the Swiss Management Centre.

She began her career at SIC Insurance Company, formerly known as the State Insurance Corporation.

The new commissioner is expected to introduce policy measures and incentives to encourage broader insurance coverage.

Additionally, some stakeholders have been advocating for a review of the minimum capital requirement for insurance companies. Dr. Zakariah is expected to lead discussions and policy adjustments to strengthen the financial resilience of industry players.

Her appointment signals a new direction for the NIC, with expectations for reforms aimed at enhancing regulation, boosting investor confidence, and expanding insurance accessibility across Ghana.