(CEO, Quality Life Assurance Co. Ltd.)
1st Vice President/Chairman of the Life Insurance Council
Dr. Anafure is an accomplished insurance professional with an impressive list of qualifications and achievements. He is a Chartered Insurer from the UK and holds a Diploma from the West African Insurance Institute (WAII) in Liberia. He is also a Fellow of the West African Insurance Institute in Banjul, The Gambia, and a Fellow of the Insurance Institute of Ghana. Furthermore, he is a member of the Chartered Institute of Marketing Ghana and the Institute of Directors (Ghana).
In addition to his professional background, Dr. Anafure holds a Doctorate in Business Administration with a specialization in Management and Corporate Governance from the Swiss Management Centre SMC in Switzerland. He completed his Executive Masters in Business Administration with a Finance option at the University of Ghana Business School and obtained his Bachelor of Science in Business Administration with a Marketing option (BSc) from the same institution.
Before his appointment as the Chief Executive Officer of QLAC, Dr. Anafure served as the former CEO of SIC Life, Ghana’s largest Life Assurance Company. He previously held the same position at CDH Life Insurance Company Limited. Dr. Anafure’s extensive experience extends to serving as a Director on several boards, including SIC Life Company Limited, SIC Life Savings and Loans Limited (as Board Chair), SIC Financial Services Limited, Merchant Bank (UMB), Ghana Insurers Association, Ghana Life Offices Association, WAICA Council, Association of Insurance and Reinsurance of Developing Countries (AIRDC), UMB Holdings Limited, and West African Insurance Institute (WAII) Governing Council in Banjul.
Throughout his career, Dr. Anafure has demonstrated a commitment to professional development through various courses, including Talent Management and Succession Planning, Managerial Leadership, Supervisory Management, Total Customer Solutions for Top Management, Strategic Marketing, Comprehensive Technical Life Assurance (India), and many more.
Under his leadership at SIC Life Insurance Company, Dr. Anafure achieved significant milestones, including the establishment of the pioneering SIC Life Shopping Mall within the insurance industry. He also played a pivotal role in the establishment of SIC Life Savings and Loans. The company received numerous accolades during his tenure, including winning the Chartered Institute of Marketing (CIMG) award in the Life category five times and earning a place in the CIMG Hall of Fame in 2018. Notably, premium income grew from GHc 33m in 2009 to GHc 212m by December 2016, representing an exceptional increase of 529%. Dr. Anafure prioritized shareholder value by focusing on productivity, cost reduction, and staff rationalization, resulting in a total dividend payment of GHc 13,904,334 from 2011 to 2015.