Anastas Kabral Nyamikeh,  Accra, Ghana

The case delineates the crass managerial ineptitude of the top management of a promising insurance company that cost the owners the very existence thereof. Taking advantage of a somewhat virgin insurance industry with weak competitors and an ineffective supervisory regime, the management of The Great Africa insurance company was able to augment premium income and market share in the industry, almost leading the industry within a decade and a half of its existence. However, brewing internal conflicts and authoritarian leadership style on the part of the chief executive officer culminated in the issue of a supplier’s bond with a value in excess of the capital employed of the insurance company to a dubious client .Unable to pay the third party claimant for guaranteeing their client’s faithful performance, the National Insurance Commission; the regulator of insurance businesses in Ghana compulsorily liquidated the company.

Keywords: Insurance, regulation, commission, liquidation

Suggested citation: Nyamikeh, A.K. (2013). Regulation, interpersonal relationship and demise of a promising company: the case of great african insurance company. Skyline Business Journal, Volume 9, Issue 1, pp 54-58.

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Nyamikeh, A.K. (2013). Regulation, interpersonal relationship and demise of a promising company: the case of great african insurance company. Skyline Business Journal, Volume 9, Issue 1, pp 54-58.