Dr. Abiba Zakariah is Acting Commissioner of the National Insurance Commission
President John Dramani Mahama has appointed seasoned insurance expert Dr. Abiba Zakariah as the Acting Commissioner of the National Insurance Commission (NIC).
Dr. Zakariah officially assumed office on Monday, February 17, 2025, following her appointment last week. She succeeds Michael Andoh, who has served in an acting capacity since April 2023.
With over two decades of experience in the insurance industry, Dr. Zakariah has held several key leadership positions.
She previously served 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, who is a Chartered Insurer, is a Fellow of both the Chartered Insurance Institute (UK) and the Institute of Risk Management Professionals of Ghana.
Her academic background includes a BSc (Hons.) degree and an MBA from the University of Ghana, Legon, as well as a PhD in Management Studies from the Swiss Management Centre.
Dr. Zakariah began her career at SIC Insurance Company, formerly known as the State Insurance Corporation, where she gained extensive industry experience.
As she takes on her new role, she is expected to introduce policy measures and incentives aimed at expanding insurance coverage across Ghana.
Additionally, there is growing pressure from industry stakeholders for a review of the minimum capital requirements for insurance companies.
Dr. Zakariah is anticipated to lead discussions and policy adjustments to enhance the financial resilience of industry players.
Her appointment signals a fresh direction for the NIC, with expectations for reforms that will strengthen regulatory oversight, boost investor confidence, and increase insurance penetration nationwide.