- Risk Management & Advisory Services Ltd. (RMAS) is an insurance broking company with Head Office located at 120B Spintex Rd. Industrial Area, Accra-Ghana. RMAS is a limited liability company incorporated in May, 2010 and is among the top ten Insurance Brokers operating in Ghana.
- Our team leads in the management of insurance risks and their related costs, meeting the needs of clients ranging from individual, small retail establishments to multinational institutions.
Mission
Our objective is to provide unique insurance brokerage service and legal advisory services, using a state-of-the-art system that provides quality service to the insuring public.
Vision
To be among the best broking firms in Ghana and sub-region and recognized as an institution that offer service with diligence and professionalism
Values
- Prompt Service
- Diligence
- Professionalism
Ernest Asamoah
Board Chairman
He is a Chartered Insurer and a Barrister at law with extensive training in all facets of Insurance. He had training in Ghana, Malaysia, South Africa and UK.
Larry has a total of over 38 years experience in the Ghanaian Insurance market. He is a task and result oriented individual with an impeccable record of achievement in insurance, finance, marketing and management.
He is a lecturer at the Ghana Insurance College and West African Insurance Institute, Gambia. His last place of work was as the Managing Director of NSIA Ghana Insurance Company (formerly CDH Insurance Company Ltd), after time with SIC Ghana Ltd and Metropolitan Insurance Company Ltd. He has been a member of the Executive Committee of the Ghana Insurer’s Association, Chairman of Ghana National Bureau of the ECOWAS Brown Card, and Chairman of Council of the Permanent Secretariat of the ECOWAS Brown Card in Lome, Togo.
Larry is on and severed in various capacities on many boards for institutions such as Donewell Insurance Co. Ltd., Donewell Life Insurance Co. Ltd., Priority Insurance Co. Ltd., ARB-Apex Bank, Anlo Rural Bank and many more.
He was until 2010 a Member of the Executive Board of the West African Insurance Companies Association.
Larry Kwesi Jiagge
Director
He is a Chartered Insurer and a Barrister at law with extensive training in all facets of Insurance. He had training in Ghana, Malaysia, South Africa and UK.
Larry has a total of over 38 years experience in the Ghanaian Insurance market. He is a task and result oriented individual with an impeccable record of achievement in insurance, finance, marketing and management.
He is a lecturer at the Ghana Insurance College and West African Insurance Institute, Gambia. His last place of work was as the Managing Director of NSIA Ghana Insurance Company (formerly CDH Insurance Company Ltd), after time with SIC Ghana Ltd and Metropolitan Insurance Company Ltd. He has been a member of the Executive Committee of the Ghana Insurer’s Association, Chairman of Ghana National Bureau of the ECOWAS Brown Card, and Chairman of Council of the Permanent Secretariat of the ECOWAS Brown Card in Lome, Togo.
Larry is on and severed in various capacities on many boards for institutions such as Donewell Insurance Co. Ltd., Donewell Life Insurance Co. Ltd., Priority Insurance Co. Ltd., ARB-Apex Bank, Anlo Rural Bank and many more.
He was until 2010 a Member of the Executive Board of the West African Insurance Companies Association.
David Ofosu-Dorte
Director
He is a Barrister at Law, Transport and Energy Law expert. David is the Principal of AB and David Law, a prestigious law firm with specialty in Energy, Transport and Commercial/Corporate practice. He sits on a board of a number of corporate institutions. His firm represents prestigious firms as Shell Ghana, NSIA Ghana Insurance Company Ltd, The World Bank, The Governments of Ghana, Liberia and Nigeria.
Larry Jiagge
Managing Director
Larry Kwesi Jiagge is a Fellow of the Chartered Insurance Institute of London (FCII) who has over thirty-five (35) years of experience in the Insurance industry.
His other qualifications are as follows:
- Executive MBA
- Barrister Certificate (BL)
- Diploma in Insurance and Insurance management (WAII)
- BA Hons (Social Science) KNUST
He has attended numerous courses on insurance across the world and was/ is on the Board of several companies including:
- Community Microfinance Co. Ltd – Director
- Anlo Rural Bank Ltd.- Chairman
- Donewell Insurance Co. Ltd. – Director
- Bank Of Baroda, Ghana- Director
- ARB – Apex Bank Ltd. – Director
His work experience covers Underwriting, Claims, Reinsurance and Insurance Systems Management. He has chaired the Board of ECOWAS Brown Card Ghana and ECOWAS Brown Card Bureau in Lome, Togo. He is a Lecturer at the Ghana Insurance Institute and the West African Insurance Institute in Gambia.
Hughes Razak Dakpo
General Manager
He has over nineteen (19) years’ experience in the insurance industry. He has a Diploma & Advanced Applied Diploma Certificates in insurance from the Malta International / Ghana Insurance College. He also has a Diploma in Public Relations and Certificate in Marketing, Sales and Management and Advertising. He has attended several courses in Insurance and Management across the world.
Richmond Laud Hammond
Senior Manager, Finance & Admin
He holds a Master’s degree in Finance from the University of Lincoln Business School- UK and ACCA level two partly qualified and Bsc Business Administration (Banking & Finance) from University of Ghana.
RMAS is a proud member of GBN Worldwide and WING Insurance. GBN Worldwide and WING Insurance are interconnected and technology backed global insurance professional eco-system made up of independent insurance companies, reinsurance companies and broking companies from around the world that support and enhance professionalism among member companies.
We are also members of:
- African Insurance Organization (AIO)
- West African Insurance Companies Association (WAICA)
- Insurance Brokers Association of Ghana (IBAG)
- Chartered Insurance Institute Ghana (CIIG)
What do insurance brokers do?
A broker’s job is to help you to identify the risks that you or your business may be exposed to.
The broker will advise you on what insurance’s are available for these risks and will canvas the wholesale business insurance market to obtain the most advantageous terms for these covers providing you with the insurance quotes.
The broker will then discuss this with you and when agreed place the cover with the chosen insurer/s and arrange the documentation at the specified insurance rates.
The broker will also help you with general insurance advice and information as required and look after any amendments to the policies that may be required. With any claims, the broker will assist you in formulating the claim and will liaise between you and the insurer to bring the claim to a successful resolution.
How do Insurance Brokers decide what insurance contracts or policies to recommend to their clients?
A Broker recommend policy(ies) that offer solution to the unique need of clients.
To offer the best insurance solutions, RMAS conducts risk survey analyzing the nature and uniqueness of the client (business) operation before making recommendations.
RMAS conducts period reviews to ensure the widest scope of cover is provided at minimum cost
How much insurance is enough?The first step in determining the answer to this question is to work with your broker to identify and define the areas of risk for you or your business. The decision then is which risks to retain (i.e., not insure) and which risks to transfer through insurance.
The sums insured should be relevant to the risk, taking special care not to under-insure and be subjected to co-insurance clauses. To choose to take the risk yourself to save money can leave you vulnerable and may severely affect your cash flow or assets. This is where our experience can assist you in making decisions on how much insurance you require to adequately cover your various risks.
There are currently no vacancies available
If you are interested in working with us, please send your resume to rlhammond@rmasgh.com or complete the form below. Thank you.