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Coronation Insurance: launch of a flexible “Pay-As-You-Earn” payment solution

04/02/2026
Source : ORISHAS FINANCE
Categories: Sectors

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Coronation Insurance Ghana Limited unveiled at of a ceremony held at the company's head office, in the zone Residential airport, on Thursday, January 29, 2026, the launch of a new “Pay-As-You-Earn” car insurance.

“Pay-As-You-Earn” is a payment solution flexible that allows motorists to take out their insurance monthly, quarterly, or up to six months, while benefiting from same benefits as with standard car insurance coverage via the Ecoronation.com platform. Were present at the ceremony of main stakeholders, including the National Insurance Commission (NIC), the Ghana Insurance Brokers Association (IBAG), the Association of Ghana Insurance Brokers (IBAG) Ghana Insurers (GIA), the Ghana Chartered Insurance Institute (CIIG), WAICA and the National Road Safety Authority (NRSA).

At the launch, Coronation Insurance CEO Dr. Yaw Adom-Boateng, said that this product was designed to offer customers greater flexibility and better access to car insurance. According to him, the “Payment based on income” formula makes it possible to align the insurance contributions on the incomes of insured persons, thus reducing their financial burden and facilitating access to car insurance. This formula offers great payment flexibility, allowing customers to choose options best suited to their budget, without compromising on coverage, according to the DG.

Dr. Adom-Boateng added that the platform digital has been configured to allow all insurance intermediaries to use it to serve their customers nationally, a measure which he believes will contribute to broadening the reach of the market, improving the customer loyalty and, ultimately, to increase penetration of insurance in Ghana.

The launch of this Policy highlights Coronation's commitment Insurance in favor of innovation, solutions focused on client and national development, while supporting the inclusion agenda financial from the insurance regulatory authority.

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