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SIC Insurance PLC Appoints New Head of Technical Operations

The SIC Insurance PLC, Ghana’s largest insurance company, has appointed Mrs Cynthia Kwarteng Tufour, its Tema Area Manager, as its new Head of Technical Operations at the Head Office in Accra.

In a statement, the company said Mrs Tufuor’s appointment, is in line with its sustainability and growth agenda. In her new role, she would lead, enhance, and strategically drive organisational performance and growth in the technical operations arm of the company.

Mrs Tufuor brings to her new role extensive practical work experience. She has served in different roles prior to her appointment. She has over fifteen years of experience in the Ghanaian insurance industry, spanning from marketing to underwriting, claims and management. She has worked in most of the Area Offices, with an extensive understanding of the operations and the cultures of the various regions in the Country.

The statement noted that the outgoing Tema Area SIC Manager joined the insurance giant’s family in January 2008 as a marketing officer at the Accra Area Office, and after demonstrating her expertise and dedication, she was transferred to the corporate and special risk departments after the realignment of the company’s claims and underwriting departments in 2010.

Mrs Tufuor was again transferred to the Kumasi Office’s Corporate and Broker Relations Department in 2011, where she later became the head of the Sales and Marketing Department.

In 2018, she was assigned as the Deputy Area Manager at the Tema Area office, becoming the substantive Tema Area Manager a year later, a position she excelled in until her new appointment.

Educational Background of Mrs Tufuor

The statement said in terms of her educational background that Mrs Tufuor, is a Chartered Insurer, with a Diploma and Advanced Diploma Certificates in Insurance (Ghana Insurance College, Valedictorian 2010). She also Chartered as an Insurer (ACII-UK) in 2011, and became a Fellow of the Chartered Insurance Institute, (FCII-UK) in 2016.

In September 2021, the Chartered Insurance Institute of Ghana admitted her into fellowship (FCIIG).

Mrs Tufour is a graduate of the Kwame Nkrumah University of Science and Technology (KNUST) holding a BSC in Agricultural Engineering, as well as an MBA in strategic management and consulting from the KNUST Business School.

In her new role, Cynthia will lead, enhance and strategically drive organizational performance and growth of the technical arm of the company’s operations.

SIC Insurance Company (formerly known as State Insurance Corporation), is a Ghanaian insurance company. It is listed on the stock index of the Ghana Stock Exchange, the GSE All-Share Index.

SIC Insurance is the leading provider of non-life insurance products in Ghana with an estimated market share of over 25%. The company exceeds the minimum stated capital requirement of (GH¢1.42 million) set by the National Insurance Commission of Ghana.

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