INSURANCE RETIREES FORUM OF GHANA LAUNCHED TO PRESERVE INDUSTRY KNOWLEDGE, SUPPORT PENSIONERS
By Eugene Nyarko Jnr. | Accra l February 18, 2026
The Insurance Retirees Forum of Ghana (IRFG) has been officially launched in Accra with a strong commitment to preserving institutional knowledge within the insurance sector while providing welfare support to retired professionals.
Speaking in a press interview at the launch held at the Movenpick Ambassador Hotel Accra, Chairman of the Interim Advisory Council of the IRFG, Mr. Peter Osei-Duah, explained that the Forum was established to prevent the loss of valuable expertise when seasoned professionals exit active service.
According to him, many insurance practitioners retire and withdraw from professional engagement, leaving behind a wealth of experience that could benefit younger entrants into the industry.
“As an industry, the institutional knowledge that employees gain during their period of employment should not necessarily be lost at retirement,” he said. “We have young people coming into the profession who need guidance and interaction with those who have been there before.”
Mr. Osei-Duah disclosed that a key initiative of the Forum is the introduction of a structured mentor-mentee programme. Under the arrangement, retirees will be paired with young and upcoming insurance professionals to provide technical guidance, share ethical standards and offer practical industry insights.
Beyond mentorship, the IRFG also aims to address the welfare challenges confronting many retirees. Mr. Osei-Duah noted that not all insurance companies have been able to provide adequate retirement packages, leaving some former employees financially vulnerable, particularly in the face of health challenges.
To mitigate this, the Forum plans to establish a dedicated fund to support retirees who require assistance with healthcare and other social needs. He revealed that stakeholders within the industry — including the National Insurance Commission, insurance companies and brokerage firms — have pledged financial support towards the proposed fund.
Describing the IRFG as an umbrella body, Mr. Osei-Duah said it would bring together retirees from across the insurance value chain, including brokers, underwriters, loss adjusters, reinsurers and life insurance professionals.
“We are going to tap the knowledge of our retirees to help nurture the younger professionals who are still in employment. That is the core of our plan,” he stated.
On her part, Acting Commissioner of Insurance, Dr. Abiba Zakariah, lauded the initiative, describing it as timely and essential for the sustainable growth of Ghana’s insurance industry.
She noted that bringing retirees back into the fold would enhance institutional memory, strengthen industry capacity and contribute to long-term development.
“The purpose is to recognise our retirees, bring them back to support the growth of the industry, learn from them and also support them,” she said.
Dr. Zakariah further highlighted ongoing reforms aimed at making insurance more accessible and less intimidating to the general public. She said the Commission is advancing an inclusive insurance agenda designed to involve citizens in shaping insurance products that meet their needs.
“We are encouraging the public to be part of the insurance conversation, to tell us what security means to them, so we can develop products that suit them,” she explained.
As part of this drive, she mentioned targeted engagement with the informal sector to understand how individuals currently manage risks, with the aim of co-creating tailored insurance solutions.
According to her, the inclusive insurance initiative is already gaining traction and will remain a key priority going forward.
The launch of the IRFG marks a significant step in strengthening collaboration across generations within Ghana’s insurance industry while reinforcing social protection for retired practitioners.
