SIC Insurance Company Limited, one of the oldest non-life (general business) insurance companies in Ghana, was incorporated in February 1962 as State Insurance Corporation. Still, the company traces its roots to 1955 when Gold Coast Insurance Company (renamed Ghana Insurance Company in 1957) was established. On August 28, 1995, the corporation was converted into a Public Limited Liability Company and renamed State Insurance Company of Ghana Limited. In 2007, the then sole shareholder, Government of Ghana, offered 60% of the shares to the public. As of December 31, 2010, the company's assets totaled GHS 137.44 million with an annual gross premium of GHS 64.04 million. SIC is currently expanding its operations across the West African sub-region.
