Managing Director of Quality Life Assurance Company Limited, Dr. Aaron Issa Anafure, has been inaugurated as the new president of the Association of Insurers and Reinsurers of Developing Countries (AIRDC).

He takes over from Yassir Albaharna, who is the current Acting President of AIRDC.

The inauguration of Dr. Anafure as the new president of AIRDC, formed part of activities outlined for the ongoing 22nd AIRDC International Education Conference being held in Accra.

Speaking on his investiture as the new president of AIRDC, Dr. Anafure expressed his commitment to contribute to increasing insurance penetration on the African Continent from 2.7% to the global average of 7%.

“I also intend to pursue an agenda of making AIRDC an authority in shaping insurance discourse on the Continent”, he added.

Dr. Anafure also said, “Satellite offices in non-AIRDC countries will be established to improve on the visibility and presence of AIRDC and I call for all hands on deck to make my tenure a successful one,” he remarked.”

He is a Chartered Insurer from UK, holds a Diploma from West African Insurance Institute (WAII), Liberia, a Fellow of West African Insurance Institute, Banjul, The Gambia, a Fellow of Insurance Institute of Ghana, a member of Chartered Institute of Marketing Ghana and a member of Institute of Directors (Ghana).

Aside his professional background, Dr. Anafure holds a Doctorate in Business Administration from Swiss Management Centre SMC, Switzerland with specialisation in Management and Corporate Governance.

He had his Executive Masters in Business Administration in Finance option at the University of Ghana Business School where he also pursued his Bachelor of Science in Business Administration Marketing option (BSc).

Prior to his appointment as the Chief Executive Officer of QLAC, Dr. Anafure was the former Chief Executive Officer of Ghana’s largest Life Assurance Company, SIC Life, having moved from the same position in CDH Life Insurance Company Limited.

Dr. Anafure has served as a director on several boards which include SIC Life Company Limited; SIC Life Savings and Loans Limited as Board Chair; SIC Financial Services Limited;  Merchant Bank (UMB); Ghana Insurers Association; member of Ghana Life Offices Association; member of WAICA Council; member of Association of Insurance and Reinsurance of Developing Countries (AIRDEC) and Chairman of UMB Holdings Limited as well as West African Insurance Institute (WAII) Governing Council Banjul.

During his tenure of office as Chief Executive Officer for SIC Life Insurance Company, he was able to establish SIC Life Shopping Mall which was the first of its kind in the insurance industry.

He also established the SIC Life Savings and Loans.

Whilst in SIC Life, he led the company to win the Chartered Institute of Marketing Ghana (CIMG) award (Life category) five times and was finally called to the Hall of Fame in 2018.