African Insurance Awards 2018

Category

CEO of the year

Nominee

KOFI DUFFOUR
Star Assurance, Ghana

Reason for nomination

Experience in the Industry

• Over 26 years of experience in insurance Industry

• Board Chairman of WAICA Reinsurance Corporation Plc (2011 – present)

• Board Member of StarLife Assurance Company Limited (2005 – present)

• Board Member of Star Assurance Company Limited

• Board Chairman of Sirius Capital Limited (2014 – present)

• Board Member of Ghana Insurers Association (2001 –2013)

• Chairman of the Ghana Insurers Association Board’s Committee on Finance and Secretariat Affairs (2005 – 2013)

• Board Chairman of Star Microinsurance Company Limited (June 2008 – 2015)

Insurance Qualifications & Awards

• Executive Masters in Business Administration in Entrepreneurial Management (EMBA), University of Ghana Business School, Legon, Ghana

• Fellow of Chartered Insurance Institute of United Kingdom (FCII)

• Fellow of the Insurance Institute of Ghana

Contribution to / achievement in the Industry

• Improved Star Assurance Company's credit rating from "A" in 2015 to "A+" in 2016 by the Global Credit Rating Company for claims paying ability.

• Expanded the Company’s products distribution channels from 243 in 2015 to 255 in 2016.

• A major sponsor of the Ghanaian TV Program “Eye On Port”. This program brings the activities of the port of Ghana closer to the general public.

• Led the Company to increase its Gross Premium Income and Shareholder’s Funds by 30.51% and 27.04% respectively in 2016.

• Led the Company to record a gross premium income growth of 109.73% over the 2013-2016 underwriting period.

• Led the Company to be a Member of “Ghana Club 100” in 2016. It is a group of the top 100 blue chip companies in Ghana.

• Led the Company to implement an easy, fast, safe and secured, and convenient premium payment.

• Led the Company to organize the foremost National Insurance Forum in 2015 for the Oil and Gas sector in Ghana.

• Led the Company to be awarded the 2015 “Brand Excellence Award” organized by Premier Brands Ghana.

• Led the Company to win the Chartered Institute of Marketing Ghana “Insurance Company of the Year” Awards in 2001, 2010, and 2012 respectively.

• Led WAICA Reinsurance Corporation Plc as the Board Chairman to improve its Gross Premium Income from US$35,057.00 in 2011 to US$47,999,027.00 in 2016.

• Led WAICA Reinsurance Corporation Plc as the Board Chairman to improve its Shareholders Funds from US$6,215,007.00 in 2011 to US$62,866,892.00 in 2016.

• Led Sirius Capital Limited to become one of Ghana’s leading Asset Management and Mutual Fund firms on appointment as the Board Chairman in January 2014.

• Led Star Microinsurance Company Limited as the first Board to complement the Government of Ghana’s effort in providing social protection for the public