GIA elects new President

…Mrs. Barfour-Awuah pledges proactive stance

Mrs. Boatemaa Barfuor Awuah, the Managing Director of Star Assurance Ltd. has been elected as the 12^th President of the Ghana Insurers Association (GIA) , the umbrella association of all licensed insurance and reinsurance companies in the country. She has been elected for a two-year term, but would be eligible to contest for re-election for another two years.

She succeeds Seth Kobla Aklatsi, the incumbent Chief Executive of Ghana Reinsurance Ltd., who held the association’s presidency for the past four years.

She was elected at the 16^th Annual General Assembly held last week at the Royal Senchi Resort Hotel in the Eastern Region. CEOs and MDs of insurance and reinsurance companies were in attendance and actively participated in the electoral process that brought Mrs. Barfour-Awuah to the GIA’s presidency.

The new President won the election on the back of a strong campaign underpinned by a three-point agenda: Repositioning, Reinforcing and Repurposing the GIA toward higher exploits with a view to enhancing trust, respect and influence on stakeholders such as regulators, policy-makers and member companies as a key to further improving the association’s relevance to the insuring public.

Along with the new President, an eight-member Board of Directors was elected, comprising four MDs from non-life (general) insurance companies and four from life insurance companies.

The non-life insurance members of the board comprise: Mrs. Akosua Ansah-Antwi of Enterprise Insurance; Daniel Boi Addo of Hollard General; Ernest Frimpong of Bedrock Insurance; and Mrs. Mercy Naa Koshie Boampong of Serene Insurance.

The MDs from life insurance companies elected to the GIA Board comprise: Mrs. Maame Dufie Archampong Kyei-Obeng of GLICO Life; Sheriff Abudu of Impact Life; Mrs. Kakra Duffuor-Nyarko of Star Life; and Eric Ato Botchway of Pinnacle Life.

Mrs. Awuah intends to combine retroactive tracking of new regulatory directives to assess their impact on businesses with proactive prioritising of emergent issues that are likely to affect insurers to enable them deal with such issues early.

She has promised a unified leadership of a GIA that fairly represents every segment of its membership and drives growth through smart enabling regulation and structured market solutions; a GIA that engages the industry regulator, the National Insurance Commission and government itself proactively, shaping balanced regulations and credible enhancement;  and one that is modern and research-driven, leading in innovation and positioning insurance as a central pillar of Ghana’s growth and resilience.

Insurance industry chieftains have expressed optimism that their newly elected President’s clarity of vision will result in a stronger, more influential GIA that delivers real value to every member, driving  stronger regulatory focus and an insurance sector that is ready for the future.

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