Wednesday, 14th September, 2022

Page 10
Ghana’s leading mobile
microinsurance
company, aYo
Intermediaries Ghana
picked two top awards
at the recently held Ghana
Insurance Awards 2022, stamping
its authority on the country’s
microinsurance space.
aYo Ghana, a subsidiary
of MTN Ghana, walked away
with the plaques for the Mobile
Insurance Leadership Award and
the Best Growing Intermediary
Firm of the Year award. The
company won those two out of
four nominations for the night.
aYo’s two range of policies –
Recharge with Care (RwC) and
Send with Care (SwC) tower above
other products in the mobilebased
microinsurance space,
and they are driving insurance
penetration up significantly,
particularly among the informal
sector.
The company recently
Business
aYo Ghana picks
two laurels at Ghana
Insurance Awards 2022
marked its fifth year in the
Ghanaian market, churning out
some very impressive numbers
in terms of subscribers, as well
as volumes and value of claims
settled so far.
But it has since improved
on those numbers. Currently
its customer base stands at 8.74
million plus, comprising of about
7.3 million Recharge with Care
customers and about 1.5 million
Send with Care customers.
Year to date, aYo has paid out
about GHS10.56 million in claims
to over 32,524 policyholders and
beneficiaries.
aYo in partnership with
MTN provides microinsurance
solutions which leverage on
technology to give all MTN
subscribers and Ghanaians
(particularly, low-middle income
and informal sector workers
who are most vulnerable to risk/
daily eventualities) relevant,
affordable, accessible and easy-
DAILY ANALYST Wednesday, 14th September, 2022
to-use insurance.
Products
As stated above, aYo has two
main lines of products – Recharge
with Care and Send with Care.
Recharge with Care (RwC)
gives the policyholder up to
GHs120 per night as hospital
cover upon admission to
support admission bills, and
up to GHs6,000 as life cover in
the unfortunate passing of the
policyholder or a registered
family member who is an
additional life on the policy for
free. All at costs the policyholder
only Ghs6 per month via airtime
deduction.
To access RwC, one simply
needs to dial *296# and sign up.
Send with Care, leverages on
MTN mobile money and gives
the policyholder up to GHS30,000
Hospital and Life insurance
cover benefits whiles the receiver
of the MoMo also receives up
to GHs3,000 Life cover in the
unfortunate passing of the
sender.
SwC can be found on the
regular MTN MoMo short code,
*170#; select option 1 (transfer
money), select option 3 (Send
with Care) and follow the prompt.
When one opts for SwC, 5%
of the amount he or she send
at any time, will be deducted as
premium from the wallet.
RwC Annual Cover
Meanwhile, as part of its
fifth years anniversary, aYo has
introduced a new feature to
Recharge with Care (RwC) policy,
dubbed RwC Annual Cover, which
enables RwC policyholders get
12 months cover of GHs6,000
life and GHs120 Hospitalization
benefit, at a one-time premium of
GHs130 annually.
In addition, policyholders
get to earn 10% cash-back if
no claims occur within the 12
months cover period.
The Recharge with Care
Annual Cover feature is based on
user feedback and lessons gained
since the launch of RwC in April
2018.
Aside the benefits mentioned,
RwC Annual Cover gives
customers the opportunity to
avoid missing some monthly
premiums, so they have the
peace of mind knowing they are
covered for the whole year in case
of any eventuality.
The company pointed out the
there are No E-Levy charges on
premiums paid.
For further enquiries, one can
find aYo on Facebook, Twitter
and Instagram with the name
aYo Ghana, or reach them on
WhatsApp number 0596918235,
or request a call back on 296 for
information on their products
and services, or call 100 on MTN.
Customers can also dial
*296#, select option 1(continue),
then option 8 (more info), then 6
(more), 4 (request call back).
Govt Commends
Vodafone Ghana For
Supporting Youth
The Deputy Minister
of Communications
and Digitalisation,
Honourable Ama
Pomaa Boateng,
has lauded Vodafone Ghana
for supporting the youth in
developing core digital skills that
add value to their careers and
ventures.
The deputy minister made
the commendation during her
opening remarks at the Vodafone
Skills Fair held on 1st September,
2022.
She added that she was
especially impressed with
Vodafone’s support for the
government’s agenda of driving
digital growth among the youth.
According to her, Vodafone
Ghana has shown this
commitment over the years by
partnering with her ministry to
embark on various initiatives
such as the Girls in ICT
programme, the Tertiary Digital
Innovation programme, and
others.
While applauding Vodafone
for hosting the skills fair,
she urged the youth to take
advantage of the platform to gain
digital skills that will prepare
them for future challenges.
“We thank you, Vodafone
Ghana, for your support over the
years. We encourage you, the
youth, to take up this space. Pay
attention, ask questions, and be
relevant. Thank you, Vodafone
Ghana, for supporting our youth,
making them digital citizens, and
making them secure online,” she
added.
The Vodafone skills fair
is a flagship corporate social
responsibility programme
championed by Vodafone. It
creates a platform for young
Ghanaians to connect with
experienced professionals who
have built enviable careers in
their respective fields.
Jeremy Awori Appointed
CEO for Ecobank Group
Ecobank Transnational
Incorporated (ETI),
the parent company
of the Ecobank Group,
has announced the
appointment of Jeremy Awori
as new Group Chief Executive
Officer.
He will succeed the current
CEO, Ade Ayeyemi, who is to retire
soon from the Group.
A statement from ETI said
Adeyemi is retiring because he is
turning 60 soon and his successor
was named by the Board ahead of
the exact retirement date, which
will be announced later.
Ecobank Group Chairman,
Alain Nkontchou thanked Ade for
his immense contribution during
his seven years Ecobank Group
CEO.
He said “Ade can be rightly
proud of his success in leading
the implementation of the
Roadmap to Leadership strategy,
navigating Ecobank through
challenges, seizing opportunities,
and positioning Ecobank for
sustainable long-term growth.
Ade’s deep knowledge, unrivalled
vision, commitment and infinite
passion made all the difference.
It has been a real pleasure
working with him. I count on his
continuous support to ensure a
smooth transition as we onboard
Jeremy Awori as the new Group
CEO.”
The Board Chair described
Ade Ayeyemi
Jeremy Awori as a highly
respected leader in the banking
industry with significant
achievements in his previous
capacities, adding that the Board
of Directors strongly believes
that his drive and strong focus
on results will be vital in steering
the Group in its next phase.
Ade Ayeyemi expressed
his deep gratitude for the
opportunity to lead the
Ecobank Group and stated: “It
is a privilege to lead an amazing
team of Ecobankers in bringing
the Ecobank Group back to
growth and continuing to realise
our commendable pan-African
mandate.” He also expressed
his commitment to a smooth
transition and onboarding of his
successor.
The incoming Group CEO,
Jeremy Awori, responding
to the announcement of his
appointment said: “It is a great
honour to be appointed Ecobank
Group’s Chief Executive Officer.
I look forward to consolidating
the transformation of Ecobank,
a truly pan-African institution
full of talented people, while
innovating to create value for
all Ecobank’s stakeholders. I am
humbled by the opportunity to
contribute to the continent’s
economic development and
financial integration with
Ecobank Group”
Jeremy Awori is joining
Ecobank Group following a
25-year-long career in the
banking industry, with almost a
decade leading Absa Bank Kenya
Plc as the CEO & Managing
Director.
Before joining Absa, Jeremy
held multiple leadership roles at
Standard Chartered Bank across
the Middle-East and Africa. He
brings a wealth of experience,
skills, and industry know-how to
the Ecobank Group.